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The production manager for the classic boat corporation must determine how many units of the classic 21 model to produce over the next four quarters. The company has beginning inventory of 100 classic 21 boats, and demand for the four quarters is 2000 units in quarter 1, 4000 units in quarter 2, 3000 units in quarter 3, and 1500 units in quarter 4. The firm has limited production capacity in each quarter. That is, up to 4000 units can be produced in quarter 1, 3000 units in quarter 2, 2000 units in quarter 3, and 4000 units in quarter 4. Each boat held in inventory in quarters 1 and 2 incurs an inventory holding cost of $250 per unit; the holding cost for quarters 3 and 4 is $300 per unit. The production costs for the first quarter are $10,000 per unit; these costs are expected to increase by 10% each quarter because of increases in labor and material costs. Management specified that the ending inventory for quarter 4 must be at least 500 boats.
forumlate a linear programming model that can be used to determine the production schedule that will minimize the total cost of meeting demand in each quarter subject to the production capacities in each quarter and also to the required ending inventory in quarter 4.
Which of the following is a major aid in communicating tacit knowledge?
Evaluate whether or not shangri La Hotel's heavy investment in employee development yields a profitable return to the company.
How does the law regarding union recognition for public employees in thestate of Florida compare with the NLRA rules regarding union recognition for private-sector employees?
Develop a spreadsheet model and a corresponding data table to find the best order quantity among the given alternatives.
If a company pays a production worker a base wage of $22,000 and a piecework incentive of $1 per pair, if a production worker's annual productivity is 5,000 pairs per year.
is emotional labour more troublesome for college instructors or for telephone operators working at an emergency service. four drives should parallel seven needs which Maslow identified
Illustrate what a manager can do to diagnose also improve motivation. Consider when a group or team is involved explain how this differs from when just individuals are involved.
How many wieners and how many buns should be made each week to maximize profit? State the objective function if W is the number of Weiners produced and B is the number of buns.
Wal-Mart has one of the largest total inventory values of any American company. Compare the components of Wal-marts inventory to that of the Harley-Davidson. How do they differ? Why?
A key question for any agency that received government funding explain how would they be able to continue to offer services if government funding was reduced or taken away all together.
Analyze Fukuda's approach to developing and testing the CEDAC approach to continual improvement. Discuss the areas in which it has been most successful at the aspects of process improvement while it has not successfully addressed.
What would be the effect on the optimal solution if the production time on line 1 was reduced to 40 hrs? what would be the effect on the optimal solution if the profit for the product B was increased from $7 to $15? to $20?
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