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A company must chose between two shipping alternatives two day freight and five day freight. Using five day freight would cost $135 less than using two day freight. The primary consideration is holding cost, which is $10 per unit a year. 2000 items are to be shipped. Which alternative is best?
The National State Bank is trying to make sure that they have enough tellers to handle the Friday afternoon rush of workers wanting to cash their paychecks
The owner of Genuine Reproductions (GR), a company that manufactures reproduction furniture, is interested in measuring inventory effectiveness
Assume that you are about to deposit $1,000 in a passbook savings account that pays an annual interest of 4 percent.
a company produces two products that are processed on two assembly lines. Assembly line 1 has 100 available hours, and assembly line 2 has 42 available hours
The numbers in parentheses indicate the minutes it takes those activity tp process customers. Elucidate how long does it take the average customer to complete this process. Illustrate what single activity is the bottleneck for the entire process.
Illustrate what is Capacity balance. Why is it hard to achieve. Illustrate what are methods used to deal with capacity imbalances.
Illustrate what are some of the problems AECS facing. Are they inherent in its model or they could be rectified while keeping the model intact.
A friend asks your advice on changing his medium-sized company to a more entrepreneurial culture. Recommend initial strategies your friend should use in order to succeed in this change. Discuss strategy you created.
Illustrate what would 3-sigma control limits for the process be. Illustrate what alpha risk would they provide.
the task of top executives when the company faces disruptive changes in its environment is to not only raise questions about the appropriateness of its direction and strategy but also to:
Illustrates what is the maximum number of applications per hour which can be handled by the present configuration of the process.
Discuss the basics of Just-in-Time using an example from the industry. Further, justify whether Just-in-Time is an inventory control policy or a process improvement methodology. Also, examine if it can be both.
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