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Demand for iwatch for the next 6 months is projected to be: Jan 750 units, feb 600,mar 700 ,April 700,May 400 and June 600 units. Technology used requires 6 hrs of labor to produce one unit. Jan, feB and mar have 20 workdays each month, April, May, June have 25 to produce iwatches. Even though overtime production is available limit is 200 max but manager prefers no overtime be used. Subcontracting is not available and back orders not permitted. Previous dec =150 iwatches stock. Regular time =$12 per hr , overtime =$18 per hour for work done beyond 8 hr working day , to hire =$40 to layoff $80 per worker . Inventory carrying cost =$8 per unit per month. If you assume that all transactions take place at the end of the month, and that there were 20 production workers employed in the prior December, what is the cost of the plan?
Recently, General Motors and the United Auto Workers had to sit down and negotiate a hange in the labor agreement in order to keep the company from going bankrupt. Consider whay might have gone on during these negotiations and discuss how framing mig..
Baldwin’s product Buddy has material costs that are rising from $6.82 to $7.82. Assume that period costs and other labor costs remain unchanged. If Baldwin decides to absorb the cost and not pass any on to its customers in the form of raised prices h..
Elucidate how well is project doing in terms of priorities. If one of industrial engineers assigned to your project would be available to work on project from Aug 22-27, 2008. Illustrate what would you tell him.
A firm has zero debt and an overall cost of capital of 12.5 percent. The firm is considering a new capital structure with 55 percent debt at an interest rate of 6.5 percent. Assume there are no taxes or other imperfections. What will be the cost of e..
Develop a CPM/PERT network for Monroe House Contractors and determine the probability that the contractors can complete a house within 45 days. Does it appear that the Monroes might need to increase their bid to compensate for potential penalties
HEC's product (hydrogen fueled engine) under development took 160 hours for the production of its 2nd unit and 128 hours for its 4th unit. What is the learning curve. How much time did the first unit take. How much time would the production of the 1..
A firm pursuing a strategy based on customization and variety will tend to structure and manage its supply chain to accommodate more _____________ than a firm pursuing a strategy based on low-cost and high-volume.
Once functional manager also project manager agree on a project schedule, who is responsible for getting work performed. Who is accountable for getting work performed.
Describe the benefits of forming a network of activity and event relationships that graphically portrays sequential relations between tasks in a project.
Assume the identity of the subordinate and the manager. Answer this question for each person: “What purpose can performance appraisal and feedback serve for me?” Are the purposes served by performance appraisal and feedback for these two people confl..
Compare/contrast the following factors or behaviors:
is the petterson oparation sucessful? to the degree that it can be judged a sucess what factors contribute to it?
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