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The Deckers Clothing Company produces shirts and pants. Each shirt requires 2 yards of cloth and each pair of pants requires 3 yards of cloth. During the next two months the following demands for shirts and pants must be met on time: Month 1, 140,000 shirts and 180,000 pairs of pants; Month 2, 140,000 shirts and 180,000 pairs of pants. During Month 1 1,200,000 yards of cloth are available for purchase, and 900,000 yards of cloth is available for purchase in Month 2. Of course, Deckers can elect to purchase less than these amounts. In each month it costs $4 to make an article of clothing on regular time and $6 to make an article of clothing on overtime. Additionally, only 400,000 articles of clothing can be produced in each month on regular time, but an unlimited number can be produced on overtime. At the end of each month a holding cost of $2 per article of clothing is assessed. Formulate and solve the mathematical programming model to determine how to meet demand for shirts and pants at the minimum possible cost. Assume there are 10,000 shirts and 20,000 pairs of pants available in inventory at the beginning of Month 1.
You are using the break-even analysis to decide whether to make or buy a part. The variable costs are $10 to buy and $5 to make. The fixed costs are $10,000 to buy and $510,000 to make. What is the break even point? If your annual requirements for th..
ITT is a technology-oriented engineering and manufacturing company with the following business divisions and products: Industrial Process Division-industrial pumps, valves, and monitoring and control systems; aftermarket services for the chemical, oi..
A North Face retail store in Chicago sells 500 jackets each month. Each jacket costs the store $100 and the company has an annual holding cost of 25 percent. The fixed cost of a replenishment order (including transportation) is $100 and the company h..
Bailments: Curtis is an executive on a business trip to the West Coast. He has driven his car on this trip and checks into the Hotel Ritz. The hotel has a guarded underground parking lot.
AVALON Cosmetics sells door-to-door cosmetics much like Mary Kay. Women work as independent contractors for commissions and bonuses. Total company revenues have fallen 5% for each of the past two years! Customers report that they are highly sa..
The subsequent data are monthly sales of jeans at a local department store. The buyer would like to forecast sales of jeans for the next month, July. Compare the forecasts using MAD.
Specify the sequential relationships among the tasks using a diagram. An example can be found on the lecture slides for Week 5. Please include all the tasks, arrows, and task times in the diagram.
Which would you rather do: Hire inexperienced employees and train them within your company, or spend more money on higher salaries for employees with greater experience? Provide reasons for your answer.
You need to do a weekend "project" to de-clutter your closet over the Thanksgiving. Use 5S tools to plan your "lean" activities. Quality is in the eye of beholder. Explain. Further, discuss how "doing right at first time" is related to the 4 costs ..
Identifying or predicting positive and negative outcomes at Network Solutions, Inc. may be aided by the information on page 22 of the text where the author identifies the characteristics of an ideal performance management system (PMS).
According to Article 3 of the UAE Labor Law, the Law applies to all staff and employees working in the UAE, whether UAE nationals or expatriates except for those working in four sectors: Federal and Emirate governments, members of the armed forces an..
As employers strive to offer benefits and services to an increasingly diverse workforce, they sometimes encounter backlash from employees who resent their policies. Do you think employers should avoid offering a benefit if a substantial minority of i..
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