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Develop a production plan and calculate the annual cost for a firm whose demand forecast is fall, 10,800; winter, 7,500; spring, 6,500; summer, 12,800. Inventory at the beginning of fall is 540 units. At the beginning of fall you currently have 30 workers, but you plan to hire temporary workers at the beginning of summer and lay them off at the end of summer. In addition, you have negotiated with the union an option to use the regular workforce on overtime during winter or spring only if overtime is necessary to prevent stockouts at the end of those quarters. Overtime is not available during the fall. Relevant costs are hiring, $90 for each temp; layoff, $180 for each worker laid off; inventory holding, $5 per unit-quarter; backorder, $10 per unit; straight time, $5 per hour; overtime, $8 per hour. Assume that the productivity is 0.5 unit per worker hour, with eight hours per day and 60 days per season. In each quarter, produce to the full output of your regular workforce, even if that results in excess production. In Winter and Spring, use overtime only if needed to meet the production required in that quarter. Do not use overtime to build excess inventory in prior seasons expressly for the purpose of reducing the number of temp workers in Summer.
What is your assessment of US export administration regulations? Does it impose burdensome requirements on US exporters? What is the transaction value of a shipment invoiced at $100,000 if the terms of sale are delivered duty paid (DDP), the ocean fr..
Suppose your supervisor is interested in determining whether or not a sweepstakes program should be used to promote your brand. Identify potential independent variables, dependent variables, and treatments. What would you recommend? Why?
What aspects of Ms. Cooper’s character were virtuous and what virtues were demonstrated by her actions?
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Explain the importance of process selection in system design and list some common reasons for redesigning layouts.
1 assess the value of having a supplier code of conduct when outsourcing operational functions to international markets
Although historians often rely on the term courtly love in describing the theme of the troubadours' poetry, the underlying theme of this literature is actually the ________________.
What is the current status of the housing stock in the county. To do this you will create a one-variable summary using StatTools and analyze the age of the recently sold homes, their average price sold, the number of bedrooms, bathrooms and number ..
Almost all African countries had adopted some form of development/growth strategies since independence.
Big John is considering purchasing a new machine that will drop the variable cost to $.28 per unit, but has a fixed cost of $150,000. What is the cross-over point between the two machines?
Explain or describe each of the danger signs that an organization may be encouraging unethical behavior.
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