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An (extremely simplified) steel company must decide how to allocate next week’s time on a rolling mill. The mill takes unfinished slabs of steel as input, and can produce either of two semi-finished products, which we will call bands and coils. (The terminology is not entirely standard) The mill’s two products come off the rolling line at different rates: Tons per hour: Bands 200 Coils 140 and they also have different profitabilities: Profit per ton: Bands $25; Coils $30 To further complicate matters, the following weekly production amounts are the most that can be justified in light of the currently booked orders: Maximum tons: Bands 6,000 Coils 4,000. The question facing the company is as follows: If 40 hours of production time are available this week, how many tons of bands and how many tons of coils should be produced to bring in the greatest total profit? Solve it using: (a) Graphical Method (b) Using MS Excel Solver (c) Also generate Sensitivity Analysis report. On the report explain the dual value/Shadow value
What are the costs of the new systems that may be implemented? How do we justify their implementation at CanGo?
Knowledge of Total Quality Management marketing that focuses on meeting customers' needs and practices to help build a customer-focused culture. Evaluate techniques to enhance design of work processes, process control, and process improvement
The team must provide a vision for how the industry will change over the next several years. In particular, what forces will act on the industry?
A public health agency in Venezuela is providing free polio vaccines. Patient arrivals seem to be random throughout the day, with an average of 288 per day. The public health nurse can provide up to 360 doses per day. What service parameter would nee..
1 what are some important steps that should be taken when considering the investment potential of a franchise?2 discuss
Your company manufactures turbine blades for engines in production batches for each type. For one type of blade, the A39T, you have an annual demand of 10,000 units. It costs you $1000 and takes four days to set up each manufacturing run.
What obligations does an international company have to ensure that its employees are not harmed, for instance, by having their chances for advancement limited by the social customs of a host country?
Discuss the legal concepts of "express" and "implied" warranties and relate these concepts to the biblical instructions concerning business responsibility for the performance of, and damages caused by, products sold to the public.
Describe up to three psychological biases and emotional traps that you have seen the need to guard against, and describe effective ways you and others have overcome them.
What is Cycle Time what does it mean? How is it determined before balancing a line, and after the line is balanced? How is Capacity Utilization determined in the Job Shop, and the Assembly Line? What, if any, is the relationship between capacity util..
Businesses and government must continually work together to keep transportation networks secure. How can businesses collaborate with government agencies to create globally secure transportation methods? Elaborate on your answer by providing a current..
C&A orders 5000 sheets plywood from a supplier per year. Ordering cost is $20 per order, annual inventory holding cost is 10% of item cost, and item cost is $100 per sheet. The supplier will give a 5% discount if C&A orders 200 sheets or more. Which ..
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