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A manufacturer of high-voltage switches projects demand (in units) for the upcoming year to be as follows. Jan 1,000 Jul 3,200 Feb 1,000 Aug 2,000 Mar 1,000 Sep 1,000 Apr 2,000 Oct 900 May 2,400 Nov 800 Jun 2,500 Dec 800 The plant runs 160 hours per month and produces at an average rate of 10 switches per hour. Unit profit per switch sold is $50, and the estimated cost to hold a switch in inventory for one month is $5. There is no inventory at the start of the year. Overtime can be used at a cost of $300 per hour. Compute a production strategy by solving a linear program to maximize profit (i.e., net sales revenue minus inventory carrying cost minus overtime cost). Is the amount of overtime in the plan reasonable? If no, what changes to the LP model could be made to generate a more reasonable solution?
Write a formal case analysis (5-7 pages) of "The Virgin Group in 2012." Use Wertheim's structure for case analysis. Pay particular attention to the choices of corporate strate
What do you think about assisted or legal suicide? Should it be allowed? What would you want to see happen in the following cases? James is the patient. A devout Catholic, Jam
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A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth.
A small property insurance company concentrated its underwriting efforts in one city in Oklahoma. When tornadoes damaged a large number of structures in the city, the insurer
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Discuss how a SWOT analysis should be used as an analytical tool that can help you work through all the information you have about your business. Why should an entrepreneur co
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