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Select a company making headlines this week. Assume the role of CEO, and briefly describe a key opportunity or threat facing the company and outline a solution based on your understanding of the company’s strengths and weaknesses.
The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0..
The objective of a linear programming problem is to maximize 1.50A + 1.50B, subject to 3A + 2B ≤ 600, 2A + 4B ≤ 600, and 1A + 3B ≤ 420. a. Plot the constraints on the grid below b. Identify the feasible region and its corner points. Show your work. c..
CLB Printing Company Inc. ended its year ending December 31, 2014 with net income of $300,000 before taxes. The company's financial statement depreciation expense was $225,000. Its tax depreciation (MACRS) is 250,000. The company paid a fine of 25,00..
A manufacturer of thermostats uses a kanban system to control the flow of materials. The packaging center processes 10 thermostats an hour and receives completed thermostats every 30 minutes.
Dinosaur Oil Company (Dinosaur) is a major oil company that operates a network of franchised service station dealers throughout the U.S. Can Dinosaur cancel Dealer's franchise solely because Dealer would not adhere to the retail price of gasoline fix..
Recruiting and developing a skilled workforce is important for any organization concerned about competitiveness, productivity, quality, and managing a diverse workforce effectively. What might an external force want to know about the job evaluation a..
Does lean production work in the service sector? Provide an illustration (example with reasons) to demonstrate your point. Which lean techniques work in both the manufacturing and service sector? Are there any which only apply to one or the other (se..
Following Mrs. Cary’s admission to the hospital, she has initiated a lawsuit against Family Practice Medical Group (FPMG) and Community Hospital. Her suit claims that Dr. Smith failed to properly supervise his employees and as a result, she received ..
A clothier makes coats and slacks. The two resources required are wool cloth and labor. The clothier has 150 square yards of wool and 200 hours of labor available.
A strategy audit involves assessing the actual direction of a business and comparing that course to the direction required to succeed in a changing environment. A company's actual direction is the sum of what it does and does not do, how well the ..
What is the interest rate needed on a $1,000 face value 5% coupon corporate bond in order to make it equivalent in terms of return to one whose interest rate is tax free? Assume the corporate tax rate is 30%.
Which of the follwing items would be examples of random or natural variation (also called common cause variation)? select all that apply 1. normal wear and tear on the machines 2. vibration in industrial machine processes 3. ambient temps or humidity..
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