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The forecasted demand is 1500, 1600, 1300, 1100, for quarters 1,2,3,4, respectively. The beginning and ending annual inventory is allowed, unit carrying cost of $2/item/quarter, hiring cost is $92/worker, firing cost is $84/worker, and the labor standard is 6.5 hours/unit. What is the minimum cost of the optimal production plan where the total annual cost consists of carring, hiring, and firing?
The Scranton warehouse has eight loading docks available for delivery of goods. Trucks arrive at the warehouse approximately once every six minutes according to a Poisson process
Please describe the differences in the reports prepared for upper management compared to the reports prepared for lower-level managers. Why do these differences exist?
What planning methods would you use to develop business/ IT strategies and applications for your own business? What are the three most important factors you would use in evaluating computer hardware? Computer software?
What are the possible drawbacks or dangers to using telepresence devices for effective communication?
In the face game, OP1 can draw 82 circles in 2 minutes, OP2 can do 59 faces in 2 minutes, OP3 can add hair to 21 faces in 2 minutes. Who is the bottleneck?
Find the effective rate of interest for an investment that earns 5 (1/2) % per year, compounded continuously.
Discuss advantages also disadvantages of utilizing intermediaries like wholesalers, agents also brokers to distribute your organizations products or services.
A classic example of acting unethically is Lehman or Enron's case. After their downfall, one would think employees would act ethically and companies would focus on promoting ethical practices in the workplace. What's the difference between insider ..
there are a number of well-known strategic planning models. to bring your team up to speed on the evolution of
In session 7 Discussion Board prompt, the topic that estimating as both a science and an art was discussed. The science approach to task analysis is normally a straightforward analysis that is done from a "closed system" analysis approach. Discuss HO..
As a quality manager, what factors would influence your thinking in how to choose between testing each item or using statistical sampling to insure quality products
Let’s imagine you are the customer portfolio manager of a wireless phone company. How should you be evaluated at the end of the quarter? Straight sales from your customers? Net sales (sales minus cost to serve)? Customer satisfaction?
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