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Stan Fawcett's company is considering producing a gear assembly that it now purchases from Salt Lake Supply, Inc. Salt Lake Supply charges $4 per unit with a minimum order of 3000 units. Stan estimates that it will cost $15000 to set up the process and then $1.82 per unit for labor and materials.
a. draw a graph illustrating the crossover (or difference) points.
b. determine the number of units where either choice has the same cost.
Compute MAD and MADE for management's technique, Do management's results outperform (ex have smaller MAD and MAPE than) a naive forecast?
it takes two hours to refill the container also return it to the bathtub. Illustrate what happens to the system over time.
The CEO of your company expresses concern to the VP of Marketing that the sample chosen for the survey in which all the transactions were taken during a single shift of one employee is an inadequate basis for making decisions about a marketing pla..
Graphically decide a daily production plan that minimizes the cost of meeting Leary Chemical's daily demands.
Next week, Super Discount Airlines has a flight from New York to Los Angeles that will be booked to capacity. The airline knows from past history that an average of 25 customers
A manufacturing shop is designed to operate most efficiently at an output of 550 units per day. In the past month the plant produced 490 units. What was its capacity utilization rate last month?
You are concerned about the cost of accepting this proposal, especially since it is not clear that LPL will realize any savings or additional revenue from the conversion.
Gives an example of a decision you or your organization has made recently. Express steps taken in making decision and analyze process to determine illustrate what decision-making model was used. Explain your rationale.
What are the characteristics of a flat world, a term used by Thomas Friedman to describe today's business environment? What challenges do they pose? How can you prepare to manage in a flat world?
Describe the ways in which database technologies could be used by an office
Managers understand that uncertainties are addressed at the specific level of uncertainty, the particular source from which it originates and the specific practices that are used best to resolve these uncertainties.
Determine the "compensation" for the Board of Directors. As best as you can put a dollar figure on this amount. Please justify your answer in writing.
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