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Dandy Collectibles is opening a new warehouse. Bob Lee, the warehouse manager, is trying to determine the labor compensation package that most productively utilizes resources. The typical compensation plan offers an hourly wage rate of $13. Mr. Lee is also considering an incentive plan. The incentive plan rewards solely on performance with order pickers earning $0.40/unit prepared for shipping. A typical week shows the number of ordered units that must be prepared for shipping. Errors sometimes happen in Dandy's order picking. Product mishandling occurs in 1 percent of the orders under the incentive plan and in 0.5 percent of the orders under the hourly wage plan. Errored orders are scrapped and result in lost revenue of $60 per occurrence. Hourly workers pick 20 units per hour. Incentive workers pick 28 units per hour. Regardless of the plan designation, employees work 40-hour weeks. Union restrictions prevent Dandy from operating on Saturday and Sunday. The labor union also restricts Dandy from hiring part-time workers. Orders need not be filled daily, but all orders must be shipped by week's end (Friday). Assume that hiring and training costs are negligible. a. How many workers are needed under each plan for the typical week's demand? b. Which plan meets the typical week's demand at the lowest cost, including lost sales resulting from errors?
What if through information technology she reduces the processing time from 15 days to 10 days to 5 days? What are the advantages and disadvantages of adopting this technology? Explain.
Looking at these types of modeling: Sales forecasting, Momentum forecasting, and Demand forecasting what is one industry you think might be more hesitant to adopt such practices, yet might benefit greatly from it?
Analyze the relationship between strategic leadership, strategy formulation and strategy implementation.
The current order quantity for Paul's Pasta Pinwheels is 200 boxes. The order cost is $4 per order, the holding cost is $0.40 per box per year, and the annual demand is 500 boxes per year.
A company produces an agricultural product. The company has determined that a Chase Strategy is the best choice for planning production of its highly seasonal product. The company would like to plan staffing for production and has asked you to determ..
In your group, create a public relations campaign for a financial institution that has recently received negative exposure in the media pertaining to its lack of responsiveness to those wishing to modify existing home loans. The goal of your campaign..
Design specifications require that a key dimension on a product measure 104 ± 12 units. A process being considered for producing this product has a standard deviation of three units. a. What can you say (quantitatively) regarding the process capabili..
Kelly does not want to be out of stock on more than 1% of his orders. There is a one-day delivery time. The standard deviation of demand is five plugs per day. Assume a normal distribution of demand during lead time and a 7-day work week.
Contrast how a health care plan might address this problem in its patient population using the medical model versus how a public health official would address this problem using the population health model.
Compare the pre-unification Theban style to that of the block statue style that began in the early Twelfth Dynasty. Where do you see we see the most notable difference
Any required organizational change management strategies that would enhance successful implementation. Key success factors, budget, and forecasted financials, including a break-even chart. Risk management plan, including contingency plans for identif..
Explain why a controlled study may be superior for evaluating the training programs effects. Define a controlled study and give an example that you could use for the “company” you created for this course or a company that has been discussed during ou..
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