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Capacity Planning-Strategy and Operational Considerations problem: PRHats, a manufacturer of panama hats, must decide whether to build a large factory capacity or a small factory capacity in a particular location. The profit per hat manufactured is estimated as $15. A small factory capacity will incur an annual cost of $125,000, with a production capacity of 40,000 hats per year. A large factory capacity will incur an annual cost of $275,000, with a production capacity of 90,000 hats per year. Four scenarios of demand are considered likely: 9000, 16000, 40000, and 80000 hats per year. Based on the information and using the corresponding text’s model for this analysis, illustrate and explain which factory capacity PRHats should select.
Weekly demand for a Motorola cell phone at a Best Buy store is normally distributed, with a mean of 200 and standard deviation of 150. Best Buy has a policy of ordering the cell phones in lots of 500. Motorola takes two weeks to deliver an order. How..
Please describe the four functions of management. At your current employment which of the four do you use? Which one do you believe you are the strongest and which one do you believe that you are the weakest at and why?
What are some principles and processes of setting executive compensation that you feel are important? Who are the key players? What are some theoretical explanations for setting executive compensation?
Given that there is a documented advantage to the use of an experimental and control group design, discuss why other designs are frequently used, and the situations that may prompt the use of one.
There are many ways of decomposing a project's work breakdown structure. A work breakdown structure can be broken down by time (plan phase, analysis phase, design phase, coding phase, testing phase, etc.), by the organization that performs the work (..
What is involved in strategic planning and strategic implementation. What kinds of project can be crucial to the organization's professional reputation
Consider the following four-step assembly operation with quality problems. The first resource has a processing time of 5 minutes per unit and one employee doing the operation. For every unit of demand, how many units have to flow through the second s..
What is the size of your potential target market?
A rural post office has one clerk servicing the office. Demand is about 11 customers per hour during lunch hour (ca = 1) and the time it takes to serve a customer is about 5 minutes (cp = 1). What is the utilization of the clerk? How long will the cu..
Determine one (1) of the six (6) driving forces that lead executives to recognize the need for project management. Support your response with one (1) real-world example of the contribution of the driving force that you have chosen to overall proje..
you are responsible for an operation that has 12 distinct jobs. seven of those jobs must be processed in two
A certain type of computer costs $500 per unit to build and the annual inventory holding cost is 10% of the unit cost. Annual demand is 20,000 units and the setup cost is $100 per order. What is the economic order quantity (EOQ)? Find the closest val..
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