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Hickory Manufacturing Company forecasts the following demand for a product (in thousands of units) over the next five years. Year 1 2 3 4 5 Forecast demand 60 79 81 84 84 Currently the manufacturer has seven machines that operate on a two-shift (8 hours each) basis. Twenty days per year are available for scheduled maintenance of equipment with no process output. Assume there are 250 workdays in a year. Each manufactured good takes 30 minutes to produce. a. What is the capacity of the factory? b. At what capacity levels (percentage of normal capacity) would the firm be operating over the next five years based on the forecasted demand? (Hint: Compute the ratio of demand to capacity each year.) Year: 1 2 3 4 5 Forecast demand: 60 79 81 84 84 Demand/capacity ratio c. Does the firm need to buy more machines? If so, how many? When? If not, justify.
David Smith recently purchased a chain of dry cleaners in western Wisconsin. Although the business is making a modest profit now, David suspects that if he invests in a new press, How many shirts will David have to press to break even?
The daily demand for solution A lies between 30 and150 units also for solution B between 40 and 200 units. Find out the optimal production amounts of A also B utilizing the Graphical Method. Solve the above problem utilizing the Excel Solver.
Determine the number of units that should be manufactured each month on regular time and on overtime to minimize total production and storage costs.
An important part of the service model is the distribution of supplementary services through physical or electronic channels of distribution. Within human resource management, the channels of distribution are quite different from traditional chann..
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticpated mileage to be driven next year.
the average time a customer spends at the restaurant (1.176 minutes). Illustrate what are the arrival rate also service rate.
Identify how production processes are organized in a typical manufacturing organization. What are some specific examples?
Presumably, information about new line has been shared with supply chain partners. Explain what information should be shared with various partners, also why sharing which information is important.
Management believes that they can increase the price per hour by 10 percent in this new situation and improve profits by 10 percent, but the sales department cautions that the price increase may decrease sales by 15 percent
Management may choose to build up capacity in anticipation of demand or in response to developing demand. Cite advantages also disadvantages of both approaches.
Analyze the key elements of buying commercial airline services. Create a blueprint detailing the service delivery process involving the frontline employee-customer contacts before, during, and after the purchase.
What is the percentage change in labor productivity from April to May for Larry's Auto Body Repair?
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