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During the next three months Shoemakers must meet (on time) the following demand for shoes with the following regular-time labor hours available: Demand(pairs of shoes): 1 month:1000 2 month:1500 3 month:1800 Regular-time labor available (hours) 1 month:1000 2 month:1200 3 month:1200 It takes 1 hour of labor to produce a pair of shoes. Each month the company can require workers to put in up to 400 hours of overtime. Workers are paid only for the hours they work, and a worker receives $16 per hour for regular-time work and $24, per hour for overtime work. At the end of each month, a holding cost of $6 per pair of shoes is incurred. What is the production scheduling for the three months which minimizes the total cost incurred in meeting the demands of theses months? (This problem can be set up as a minimum cost, network flow problem; but it is not necessary to use this technique.)
Your plant manager has decided to streamline production so as to reduce WIP (Work-in-process) inventory. However she does not want this reduced WIP to cause 'starvation' of workstations.
The local textile plant has a workforce of 55 full-time hourly workers, 12 part-time workers (less than 15 hours per week), and six managers that are salaried. The company has been struggling for about five years and has just lost its only major acco..
Retailers Warehouse (RW) is an independent supplier of household items to department stores. RW attempts to stock enough items for a 90 percent service probability. A stainless steel knife set is one item it stocks. Demand (2,700 sets per year) is re..
Advise Rocco on his plan and make suggestions as to what techniques from this course might improve his forecasting.
According to the intensive distribution strategy, a consumer should not have to go beyond the nearest store to buy the product. Which products are best suited for an intensive distribution strategy and why? How does this influence your brand loyalty ..
The total contended market for your product is 100,000 units. That represents 20% of the overall market. What would be the maximum level of price reduction (%) from the current retail price that would preserve your $ level of gross profit and would a..
To what extent do you think Verwaayen and other top managers have satisficed when making these decisions? How might Verwaayen contribute to organizational learning at Alcatel-Lucent?
What are the key questions to be answered by most inventory control models?
How many machines should the company buy initially? What is the expected payoff for this alternative?
Define these types of organizations: (1) strategic alliances, (2) learning, and (3) high-involvement. What skills will you need to work effectively in these types of organizations? Would you enjoy working in these environments?
You are to define the phrases: a) Colloquial language in writing, b) Declarative statements in writing, c) paraphrasing, and c) Formal language in writing. Provide a short summary discussing each phrase or term (two to three paragraphs for each) and ..
What are the advantages and disadvantages for MNEs to provide post-assignment guarantees of employment to their expatriates?
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