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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.
The Snack Food Association publishes an annual State of the Industry report that can be found at sfa website Based on information in the latest State of the Industry report
How long would it take to complete 1,000 projects with each alternative? What is the labor content (total number of labor hours) for 1,000 projects for each alternative?
Quarter-inch stainless-steel bolts 1 ½ inches long are consumed in a factory at a fairly steady rate of 60 per week. Bolts cost plant 2 cents every. It cost plant $12 to initiate an order also holding costs are based on an annual interest rate of ..
In the past few years, the traffic problems in Lynn McKell's hometown have gotten worse. Now, Broad Street is congested about half the time. The normal travel time to work for Lynn is only 15 minutes when Broad Street is used and there is no congesti..
The final exam should count twice as much as the midterm exam, the semester average should be rounded up to the nearest whole number, and the semester grade should be assigned by the folowing criteria
The management of Maderira Manufacturing Company is considering the introduction of a new product. The fixed cost to begin the production of the product is 30,000.
when manager monitors the progress of an affirmative actionprogram to advance minoriites within the corporation;reviewing progress on changing in staff attitude
What are the challenges faced in training expatriate managers? How would you design an effective expatriate traning program?
Determine the four major types of contracting officers and analyze how they differ in scope and responsibility from one another.
The new process would have fixed costs of $90,000 also variable costs of $5. Illustrate what is the crossover point for these processes.
Use Parnell text. How is the strategic management of an organization impacted by each of the following? Be specific. Include what managers must do to ensure positive impact.
Describe any other factors you would consider in making a decision to continue or discontinue doing business with this organization. State the process you would follow to make your decision, provide your decision, and explain the decision making s..
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