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A company produces two products, A and B, over the months of June, July and August. The total production capacity (expressed in hours) varies monthly. The basic data of the situation is as follows: Demand A (units) 500 June, 5000 July, and 750 August Demand B (units) 1000 June, 1200 July, and 1200 August Capacity (hours) 3000 June, 3500 July, and 3000 August The production rates (in units per hour) are .75 and 1 for products A and B, respectively. All demand must be met. However, demand or a later month may be filled from the production in an earlier one. For any carryover from one month to the next, holding costs of $0.90 and $0.75 per unit per month are charged for products A and B, respectively. The unit production costs for the two products are $30 and $28 for A and B, respectively. Optimize the production costs to meet demand.
Have you ever been involved in an effort in which you felt that the leader of the effort lacked enthusiasm about it? If so, how did this impact the result? If not, discuss why you think it is important for the person in charge in a given situation to..
Universal Premium Acceptance Corp. issued more than $1 million in drafts, intending the payee to be Great American Insurance Co. When the drafts were issued, they were nonnegotiable instruments. Walter Talbot, an insurance agent, intercepted the draf..
How frequently should Status Reports be submitted? What can you do to help enhance the skill sets of the team members already in place? What can you do to help get them fully involved, fully committed? In order to improve process, and give accurate e..
Suad Alwan, the purchasing agent for Dubai Airlines has found that the fourth plane it needed from a Brazilian manufacturer took that firm 20,000 hours to produce. Using an 75% learning curve and a $20-per-hour labor charge, Suad wishes to calculate ..
Explain the concepts of planning in the project life cycle and how research and critical thinking is mandatory in planning.
All techniques with NPV profile: Mutually exclusive projects Projects A and B, of equal risk, are alternatives for expanding Rosa Company’s capacity. The firm’s cost of capital is 13%. The cash flows for each project are shown in the following table...
The job characteristics model has five components that enhance employee jobs-skill variety, task identity, task significance, autonomy, and feedback.
Transactional analysis, assertiveness, and conflict management all involve interpersonal dynamics and deal with communication. They deal with emotions, yours, in an effective way to enhance behavior, human relelations, and performance. Fiedler belove..
Create a company that will feature an attractive product or service that will appeal to consumers. Assume you are presenting an outline of your plans to potential investors for their consideration. Describe the product or service in a few sentences t..
How does the product type influence what marketing communication mix the company will use? Do you believe these companies used the best promotional tool? If yes, explain why. If not, share what promotional tool you feel would be better and why.
What does quality mean to you? Is there an acceptable trade off between quality and price? When does quality matter and why? Please give real world examples.
A critical issue in resolving conflict is the process through which people change their beliefs or their perception that they can only achieve their goals at the expense of the other party involved. How one approaches a conflict can determine how you..
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