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Spring and Summer Fashions, a clothing producer, has generated a forecast for the next eight weeks. Demand is expected to be fairly steady, except for periods 3 and 4, which have higher demands.
Period 1 2 3 4 5 6 7 8 Total
Forecast 1200 1200 1400 3000 1200 1200 1200 1200 11600
The company typically hires seasonal workers to handle the extra workload in periods 3 and 4. The cost for hiring and training a seasonal working is $50 per working, and the company plans to hire two additional workers and train them in period 3, for work in period 4, and then lay them off (no cost for layoff). Develop an aggregate plan that uses steady output from regular workers with added output from the two seasonal workers in period 4. The output rate for the seasonal workers is slightly less than that of regular workers, so their cost per unit is higher. The cost per unit for regular workers is $4 per hour, while cost per unit for the seasonal workers is $5 per unit. Backlog cost is $1 per unit, per period.
Briefly describe the project (using diagrams/illustrations whr appropriate), highlighting the main charateristic of the project that affected the choice of project management approache - it is not necessary to describe the project management approach..
oodwill Industries is a major charitable organization that relies primarily on financial and nonfinancial donations and grants. It has retail operations that help sustain its financial operations so as to fulfill its mission to help train, support..
Mr. Robert Rutland, founder of the National Jazz Hall of Fame, poured himself another drink as he listened to some old jazz recordings and thought about the decisions facing him.
The on-boarding process for new hires is very important. In some organizations it requires a one or two day, face-to-face experience, while in others it takes place mentoring programs. There are probably as many variations of on-boarding as there are..
10. You're a new member of the planning staff within the finance department at Bertram Enterprises, a large manufacturer of household goods. The firm does an annual operating plan and a long-range plan every year.
What is poor quality? What are some effects of poor quality? How do the effects of poor quality affect an organization?
The contractor is cited by OSHA for failing to adequately train its employees. What should the commission decide? Why? (Superior Custom Cabinet Co., 18 OSHRC 1019 (1997))
It must be a presentation for Social Entrepreneurship. Look into Habits and Transaction Costs. Do some research on how people have taken advantage of habits to build companies. Also, look into transaction costs. What they are, how they work, and how ..
Problem 2. A customized Asian floating strike Put option in a 2-period binomial tree pays out where Si is the stock price at the end of the i-th period. If So = 40, r = 0.045, o = 0.15, 6 = 0 and each period is 2 months long, find the no-arbitrage pr..
What is the relationship between mass customization and rapid product development
Will the human subjects be informed of the nature of their involvement in the collection of data and of features of the research that reasonably might be expected to influence willingness to participate?
The manager of a Canadian pension fund knows that the fund must make a lump-sum payment of C$5 million 10 years from now. She wants to invest an amount today in a GIC so that it will grow to the required amount.
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