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1) Why projects and project management are important. How have you seen projects used in your personal life? Did the approach work? Why or why not? 2) As organizations set their business strategy or establish their goals, there are new needs identified. Recognizing organizations may have a number of different needs, there are many projects to consider. How are projects selected? Why do you think it is important to evaluate potential projects before proceeding with implementation?
what observations/recommendation could you make to management about the existing business model?
Suppose that R & B Beverage Company has a soft drink product that shows a constant annual demand rate of 3600 cases. A case of the soft drink costs R & B $3.
Expando, Inc., is considering the possibility of building an additional factory that would produce a new addition to its product line. The company is currently considering two options.
Cases not sold during the day are sold to a food processing plant for $1 each, but cases can only be produced in the morning before the store opens. If you wish to maximize expected profit, how many cases should be produced each day?
An accounts payable manager processes 200 checks per day with an average processing time of 15 working days. What is the average number of accounts payable checks being processed in her office?
Discuss how or if MRP and JIT affect PAC differently. Do you view these impacts as positive or negative? Why?
which is made with 2 rubies, 3 diamonds, and 4 emeralds, and $500 on each necklace, which includes 5 rubies, 7 diamonds, and 3 emeralds. Formulate as an LP problem to maximize profit?
What cycle time would match capacity and demand if demand is 133 units a day, there are two shifts of 435 minutes each, and workers are given three half-hour breaks during each shift.
Why a business should understand the constituent parts of their demand chain A description of how a demand chain is created A description of how a demand chain can be beneficially used An example of a demand chain Choose a Fortune 500 company and ..
Describing illustrate what office automation also group collaboration software is used in an organization.
Assess the video industry as of today in terms of industry profitability (use Porter's Five Forces framework and clearly identify the key industry forces related to profitability).
Jack thinks his holding cost per unit is 10%. If Jack orders at EOQ, what will be the average inventory of fuel in his 30,000 gallon tank?
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