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1. What is the annual inventory cost of the current system in which product is product is produced, labeled, and packed in Malaysia before being shipped to the DC?
2. How would the inventory cost change if labeling and packing were moved to the DC? Evaluate the change in inventory costs as the correlation coefficient of demand between any pair of customers varies from 0 to 0.5 to 1.0.
3. How should PE set up its production, labeling, and packaging processes? Does your answer change if the additional cost of labeling and packaging at the DC is reduced to $1 (from the current value of $2)?
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A cigar company stocks Cuban cigars that have variable lead times because of the difficulty in importing the product. Lead time is normally distributed with an average of 4 weeks and a standard deviation of 1 weeks. Average demand is also normally di..
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Assuming it needs to be pulled at 5 mph, illustrate what size tool and FWAD tractor would be needed. For each working day you can average 8 hours in the field and field efficiency is 80%.
Mary Williams, owner of Williams Products, is evaluating whether to introduce a new product line. After thinking through the production process and the costs of raw materials and new equipment. Williams estimates the variable costs of each unit produ..
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Risk managers use a number of methods for handling risk. For each of the following, identify the method for handling risk and briefly explain that method.
Mass Production Corporation produces wheels for Hot Wheels cars. They make thousands of wheels every day using hundreds of equipments, each machine operated by two workers.
In a BCG Matrix, all divisions are classified as either Question Marks, Stars, Cash Cows or Dogs. Define each of these terms and briefly discussion how you would apply the terms to strategic planning.
The supplier bargaining powers, and rivalry among competing seller of Westlake Chemical Company strong or week, explain why?
Explain how many pins should you buy also have on hand for the event. Does the decision change if you exchange the probabilities for 400 also 500. If so, illustrate what is the change.
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