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Assume that we must hire people to work at an airport (for this simplified problem, we will only solve for a single day; the real-life problem is much more complicated). We know we have a given demand for workers D1, D2, …, D20 every hour from period 1 (e.g. 4:00am-5:00am) to period 20 (e.g. 11pm-midnight). They either work a full-time shift of 8 hours for $200 or a part time shift of 4 hours for $120. The solution must involve whole people for each variable (e.g. you can’t hire 4.3 people at any time). Assume that workers can only start to work at 4:00am, 8:00am, 12:00pm, 4:00pm and 8:00pm. How would you formulate this problem? Provide a specific model, and then a generic model. Make sure you define all the variables, parameters clearly for the generic model.
The elements required for successful implementation of the JIT/Lean philosophy include reducing setup times, performing preventive maintenance, and achieving high quality (zero defects).
Determine the priorities for the four computers relative to the performance criterion. Compute the consistency ratio. Are the judgments regarding performance consistent? Explain.
Fun Products, Inc. is in the business of designing computer games. At the end of a particularly successful year, company management decided to throw a celebration party at which it would announce large bonuses for the entire workforce.
The government is a major financier of healthcare delivery through the Medicare, Medicaid, and S-CHIP programs. How the government's role affects the delivery and financing of health care?
Define Operations management. Explain the key concepts of Operations management with a schematic diagram.
Explain the trade-off between responsiveness and stability in a forecasting system the uses time-series data.
You expect the stock market to decline, but instead of selling stocks short, you decide to sell a stock index futures contract based on an index of New York Stock Exchange common stocks. What is the value of the contract based on the index?
State your opinion about the effectiveness of the DOT drug testing requirements in terms of why the federal government DOT testing requirement mandates only a 5 panel drug test and Non-DOT tests can screen for more drugs? To receive the maximum point..
Address the following questions in your Discussion response making references to both the article and the case in your response: Do you think increasing age diversity will create new challenges for managers. What types of challenges do you expect w..
old pueblo engineering contractors creates six-month rolling schedules which are recomputed monthly. for competitive
Compare the best plans in the JC Company and the Tucson Parks and Recreation Department. What do they have in common?
What do you think about Walt Disney's decision not to purchase merchandise from Bangladesh? Is this and appropriate way of dealing with the problem?
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