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MKBK Manufacturing Company currently has a capacity of making 1,200,000 hir clippers per year operating one 8 hour shift per day for 250 days a year. Operators will be paid for 8 hours per day wether or not the plant is producing for the whole 8-hour period. The hourly wage rate including the benefits averages $16 for an operator. There are 50 operators on the production line. Operators are paid 1.5 times the regular wages for overtime. Operators are guaranteed a minimum of 2 hours of overtime if required to work overtime, No more than 4 hours of overtime on any given day can be scheduled. The drop in productivity during overtime is 5%. a) for daily production at 100% capacity, compute the number of production units, total labor cost, and average and marginal labor costs. b) compute the number of overtime hours required, total labor cost, average and marginal labor cost for a daily production quantities of 5,000 units. c) Total labor cost, average and marginal labor costs for a daily production quantities of 4,500 units?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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