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The Petoskey Potato Chip Company produces 3 varieties of gourmet potato chip. The varieties and average daily demand are given below: Bar-B-Que: 325 cases/day Sour Cream & Onion: 215 cases/day Classic Cut: 360 ases/day The company runs 24 hours/day and can produce 1,300 cases of potato chips per day. Each case of potato chip costs $20 to produce and Petoskey assumes 18% of this cost as the annual holding cost. It takes Petoskey 5 hours to setup for production of a different variety at a cost of $715. Calculate the minimum cost cycle time in days.
Suppose that daily demand for bagels at the local coffee shop where you work is found to be Normally distributed with a mean of 250 and a standard deviation of 75 units
You have been introduced to some key authors on management theory including Henri Fayol whose work looked at the duties and roles that managers do and Henry Mintzberg who considered the roles of managers as having more variety and pace.
Do some more research on the "long-tail phenomenon" and identify a firm that utilizes this strategy.
What is the business community's responsibility regarding mitigating social problems?
Maxwell Manufacturing makes two models of felt tip marking pens. Requirements for each lot of pens are given below. The profit for either model is $1000 per lot. Fliptop Model Tiptop Model Available Plastic 3 4 36 Ink Assembly 5 4 40 Molding Time 5 2..
Joe, a resident of New Jersey, wants to open a restaurant. He asks Kay, his friend, an experienced attorney and a New Yorker, for her business and legal advice in exchange for a 20 percent ownership interest in the restaurant.
Traditional Philosophy Lean Manufacturing Philosophy Value-added time min min Non-value-added time min min Total lead time min min Value-added ratio.
The manager of a regional warehouse must decide on the number of loading docks to request for a new facility in order to minimize the sum of dock costs and driver-truck costs.
Writing a Textbook Case: Susan and Chris are interested in establishing a project schedule for the textbook.
Think of a business or service that you have interacted with recently that lacked productivity. What would higher productivity mean to the business or service?
What are the pros and cons of transformational leadership and why do you think so few people are able to be effective transformational leaders?
The four basic elements of any promotional campaign are media advertising, personal selling, sales promotion, and publicity.
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