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The demand for a product over the next ?ve quarters is 200, 150, 300,250,and 400 units. The manufacturer supplying the engine has di?erent production capacities estimated at 180,230,430,300, and 300 for the ?ve quarters. The manufacturer may use overtime to ?ll the immediate demand, if necessary. The overtime capacity for each period is half the regular capacity. The production costs per unit for the ?ve periods are $100, $96, $116, $102, and $106, respectively. The overtime production cost per engine is 50% higher than the regular production cost. If an engine is produced now for use in later periods, an additional storage cost of $4 per engine per period is incurred. Back-ordering is allowed with a penalty of $5 per engine per period. Formulate the problem as a transportation model and solve it in TORA. Determine the optimum number of engines to be produced during regular time and overtime of each period.
As firms attempt to internationalize, they may be tempted to locate their facilities where business regulation laws are lax. Discuss the advantages and potential risks of such an approach, using specific examples to support your response.
Sport utility vehicles (SUV), vans and pickups are generally considered to be more prone to roll over than cares. In 1997, 24.0% of all highway fatalities involved roll overs; 15.8% of all fatalities in 1997 involved SUVs.
A project has an initial cost of $35,000 and a four-year life. The company uses straight-line depreciation to a book value of zero over the life of the project. The projected net income from the project is $1,100, $1,300, $1,600, and $1,800 a year fo..
Why is forecasting important in health services? What types of information might you gather if asked to construct a forecast? What are some of the assumptions you might have to make as you constructed your forecast, and what steps might you take to h..
Discuss the various challenges that managers must face in the contemporary workplace. What are the critical forces of change?
Human Resource Development should be focused o helping the organizatio achieve its strategic intent, which derives from vision. These strategies need to both service short-term (business planning cycle) and the slightly longer-term (corporate plannin..
What is the situation and who are the leader(s) and follower(s)? What leadership traits were apparent/missing?
Floor-On, Ltd., operates a line that produces self-adhesive tiles. This line consists of single-machine stations and is almost balanced (i.e., station rates are nearly equal). What is the estimated average WIP level? How does the performance of the a..
How would a small business manager utilize game theory in making a decision? How can game theory be applied to forecasting outcomes?
the store made 2700 chocolate-covered cherries, and the store owner rejected 120 of the chocolate-covered cherries.
Calculate the percent defective parts in a process running at a 4-sigma level, without the 1.5 sigma level shift. Calculate the percent defective in a process running at a 4-sigma level with the 1.5 sigma level shift. Explain in your own words why th..
Who should be involved in orientation of new employees? Why would it not be appropriate to provide employee orientation purely online?
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