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During the next four quarters Dorian Auto must meet (on time) the following demandsfor cars: 4000 in quarter 1; 2000 in quarter 2; 5000 in quarter 3; 1000 in quarter 4. At thebeginning of quarter 1, there are 300 cars in stock. The company has the capacity toproduce at the most 3000 cars per quarter. At the beginning of each quarter, the companycan increase (but not decrease) its production capacity. It costs $100 to increaseproduction capacity by one unit. For example, it would cost $10,000 to increaseproduction capacity from 3000 cars per quarter to 3100 cars per quarter. It also costs $50per quarter to maintain each unit of production capacity (whether it is used or not). Thevariable cost of producing a car is $2000. A holding cost of $150 per car is assessed foreach quarter?s ending inventory. It is required that at the end of quarter 4, plant capacitymust be at least 4000 cars. (1) Determine how to minimise the total cost incurred during the next four quarters.There is a concern that due to rising material and labor costs the variable cost in thefourth quarter may increase by 10%.(2) Should you change your production plan if you believe this increase will occur?(3) What would you do if you believed that there would be a 20% increase in variablecosts in the fourth quarter?a
Research the process of producing an expensive product (assume that it is something that must cost at least $1,000). After learning the steps that must be accomplished to produce such a product, address the following:
Twelve samples, each containing 5 parts, were taken from a process that produces steel rods. The length of each rod in the samples was decided. Draw the charts and plot the values of the sample means and ranges.
What is meant by the term "Inspecting Quality into a Product"? If you can't inspect quality into a product, how do you get Quality into a product? Consider some of your recent purchases and explain why you bought "that" brand or "that" product. Does ..
Oh No!, Inc., sells three models of radar detector units. It buys the three basic models (E, F, and G) from a Japanese manufacturer and adds one, two, or four lights (component D) to further differentiate the models. D is bought from a domestic pr..
The key points in Chapter 12 tell us that good inventory management is important for successful organizations. The key issues are when to order and how much to order.
In what ways would prejudice and stereotypes make it more difficult for the supervisors in a business to improve relations with employees?How do the language differences contribute to the challenges.
All you need to do is- 1) Read carefully the Company discription of Industry Analysisand then 2) Read general instruction and then 3) Based on them analyze/write the assignment.
Can you think of any additional ways Toyota (and its competitors in the Japanese auto industry) can improve upon the company's plan to create a "foolproof" supply chain?
Consider a machine that has a natural process time of 1 minute (deterministic) when it works but is subject to failures with MTTF=100 minutes and MTTR=10 minutes. Assume cr=1. This machine receives parts every 1.5 minutes from the previous process (d..
Suckup’s employer asks him to pick up his dry cleaning on his lunch break. It’s not part of the job, but Suckup feels obligated to do so, and he does so often. If injured during the trip, Suckup. may be entitled to workers compensation benefits, sinc..
MBA graduate Huey McDuck has $15,000 to invest in stocks and bonds. Each dollar invested in stocks yields $0.10 profit and each dollar invested in bonds yields $0.15 in profit. At least 30% of the money invested must be in stocks and at least $6,000 ..
What role does supply chain management play for organizations seeking to gain the competitive advantage? Would it be advantageous for a housing corporation to focus its efforts on improving its supply chain?
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