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Question 18. Dandy Collectibles is opening a new warehouse. Bob Lee, the warehouse manager, is trying to determine the labor compensation package that most productively utilizes resources. The typical compensation plan offers an hourly wage rate of $13. Mr. Lee is also considering an incentive plan. The incentive plan rewards solely on performance with order pickers earning $0.40/unit prepared for shipping. A typical week shows the number of ordered units that must be prepared for shipping. Errors sometimes happen in Dandy's order picking. Product mishandling occurs in 1 percent of the orders under the incentive plan and in 0.5 percent of the orders under the hourly wage plan. Errored orders are scrapped and result in lost revenue of $60 per occurrence. Hourly workers pick 20 units per hour. Incentive workers pick 28 units per hour. Regardless of the plan designation, employees work 40-hour weeks. Union restrictions prevent Dandy from operating on Saturday and Sunday. The labor union also restricts Dandy from hiring part-time workers. Orders need not be filled daily, but all orders must be shipped by week's end (Friday). Assume that hiring and training costs are negligible.
a. How many workers are needed under each plan for the typical week's demand?
b. Which plan meets the typical week's demand at the lowest cost, including lost sales resulting from errors?
Considering the wide-range of government and private grants that you could pursue, which would you see as most advantageous to obtain?
suppose that the specifications for a part (in inches) are 6.00 ± 0.15, and that the taguchi loss function is estimated to be l(x) = 6,500(x-t)(squared). determine the estimated loss if the quality characteristic under study takes on a value of 6...
Which best describes the client's role in the Generating Ideas stage of CPS?
From institution based and resource based views identify the obstacles confronting MNE's from emerging economies interested in expanding overseas. Explain how such firms can overcome the obstacles. Give example.
Justify the catorization for each stakeholder and post the completed appendix f. Analyze how stakeholders analysis affect the overall project risk management within an organization.
What are some of the possible negative outcomes for employers and/or employees regarding alternative work arrangements? Please explain your answer.
The costs of flying a bicycle are shown in the table below. WACO wants to minimize the total cost of shipping the required bicycles to its customers.
Develop a scope statement for this project that contains examples of all of the elements. Assume that the event will occur in four weeks, and provide your best guess estimate of the dates for milestones.
What is the purpose of inventory? How does inventory management impact operations performance objectives? Provide specific examples.
What basic knowledge do you have regarding the use of ethics in decision making?
If the replenishment lead time in 10.6 months, what is the re-order level based on the on-hand inventory?
(Round your intermediate calculations to 3 decimal places and final answers to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)
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