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High-Tech manufacturing company makes audio? micro-processor for asembly into different microcomputers. The company operates its production facility 300 days per year. It has demand for its? micro-processors about 11,900 units per year and has the capability of producing 105 units per day. Setting up the production process costs $51 per set-up. Each processor costs ?$0.95 per unit. The holding cost is $0.10 per unit per year.
a) What is the optimal size of the production? run? ___ (round to nearest whole number)
b) What is the average annual holding? cost? $____ (round to two decimal places)
c) What is the average annual setup? cost? ?$____ (round to two decimal places)
d) What is the total annual inventory? cost, including the cost of the? products? $____ (round to two decimal places)
Develop a SPC checklist for each dimension of the product that you believe would be subject to statistical control. Evaluate the product using the five-step plan that is associated with the Kaizen philosophy.
Write the dual of the above primal LP. solve the primal problem with a computer software, write down optimal solution and optimal objective function value. Also write down the shadow prices (dual prices) of the primal constraints.
Butler Company is preparing a bid on a new construction project. Two other contractors will be submitting bids for the same project. Based on past bidding practices, bids from other contractors can be described by the following probability distributi..
Create a case study analysis focusing on the company's challenge relative to strategic control through a balanced scorecard and implementation.
Which of the following firms would you expect to have the highest ratio of market value to book value?
Identify mission-related environmental risks. Identify potential effects of environmental factors on missions also operations.
Discuss the roles that personnel from warranty/field service and the manufacturing shop floor might play when conducting an FMEA.
If a company pays a production worker a base wage of $22,000 and a piecework incentive of $1 per pair, if a production worker's annual productivity is 5,000 pairs per year.
What is meant by mass customization? How can market conditions and consumer desires affect customization? Explain any price considerations that must be factored into the mass customization decision.
Nemo was an owner/operator of an over-the-road trucking service. He made shipments under contract using his truck. Smith was the owner of four wild tigers. He contracted with Nemo to have the tigers trucked across the country. The contract (that Smit..
A new piece of equipment will have a fixed cost of $50,000 and the product it would produce has a variable cost of $12.00, and a selling price of $15.00. What is the break-even point in units and revenue? How many units must be sold to make a profit ..
Define how the Futures Market helps our economy. What risk does the US face if there were no Futures market?
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