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Month Workdays Forecasted Demand
July 23 3,825
August 16 7,245
September 20 2,770
October 22 4,440
Assume that a normal workday is 8 hours. Hiring cost are $350 per worker and firing cost (including severance pay) are $850 per worker. Holding costs are $4.00 per aggregate unit held per month. Assume that it requires an average of 1 hour and 40 minutes for one worker to assembly one toy. Shortages are not permitted. Assume that the ending inventory for June was 600 of these toys and the managers wishes to have at least 800 units on hand at the end of October. Assume that the current workforce level is 35 workers. Find the optimal plan by formulating as a linear program.
Which of the following is an approach to business development strategy?
the river rock company sells 200 lb decorative rocks for landscaping use. the current bagging process yields samples
Line Consider an assembly line with 20 stations. Each station has a 0.5% probability of making a defect. At the end of the line, an inspection step singles out the defective units. The inspection step catches 80% of all defects. What is the probabili..
What, in your opinion, are the three most important issues in supply chain management? Discuss why you think these are the key issues.
In this course's required reading -- Deborah Tannen's That's Not What I Meant (2011) -- Dr. Tannen points out that how people communicate is as important as the information content of their messages. Too often, conflict that arises between people is ..
how can marketers use the VALS information to serve consumers better? Name five types of products or services for which the VALS information would be particularly useful
Performance, features, reliability, conformance, durability, serviceability, aesthetics and perceived quality are the eight dimensions that can be used at a strategic level to analyze the quality of characteristics. Explain why a company usually need..
Jose makes shopping for an enterprise of a need for a product component. The annual component demand is 2,800 units. Assume that the year has 360 days and the unit cost is $ 100. The cost of maintaining the annual inventory (annual holding cost) is $..
Using a Grand Strategy Matrix approach, what strategies are recommended for a firm that is a weak competitor in a slow-growing market? Elaborate on what these strategies could mean for a college or university.
Read Skating on Thin Ice case in the learning materials section of the class portal and answer and give specific examples of key negotiation topics to the following questions: What were the barriers to negotiation? Which barrier do you think is the..
A manufacturing process consists of three sequential operations. At maximum capacity, operation A can output 120 units per hour, Operation B can output 135 units per hour, and Operation C can output 130 units per hour.
"Strategic Management" Please respond to the following: Based on what you have learned in this course, select two (2) companies from any industry of your choice, and compare their business models. Analyze the manner in which the set of strategies..
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