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During the next three months, Steelco faces the following demands for steel: 100 tons (month 1); 200 tons (month 2); 50 tons (month 3). During any month, a worker can produce up to 15 tons of steel. Each worker is paid $5,000 per month. Workers can be hired or fired at a cost of $3,000 per worker fired and $4,000 per worker hired (it takes 0 time to hire a worker). The cost of holding a ton of steel in inventory for one month is $100. Demand may be backlogged at a cost of $70 per ton month. That is, if 1 ton of month 1 demand is met during month 3, then a backlogging cost of $140 is incurred. At the beginning of month 1, Steelco has 8 workers. During any month, at most 2 workers can be hired. All demand must be met by the end of month 3. The raw material used to produce a ton of steel costs $300. Formulate an LP to minimize Steelco's costs.
What other types of benefits do you feel the business would enjoy when freeing up this much production space through lean implementation?
Describe the supplier relationship and the effects on the supply chain. As part of this consider the following: Type of relationship. Supplier location, size of company, and financial stability
What are the similarities and differences in capabilities of SRM software offered byi2, Oracle, and SAP?Please research the company websites to get the latest information.
Constructive paper and for your points on hard and soft negotiations. However, in the domain of negotiation, there are two theoretical solutions may be found, which are the level of aspiration theory and tension-reduction model
What is the optimal inventory policy under these conditions? How many Totalee toothbrushes should Robert order each time and how frequently? What is the total variable inventory cost per year with this policy?
which of the folloiwing is not true of agonistic behavior?
The general manager of a mass merchandising chain believes that sales of a product are influenced by the amount of space the product is allotted on the shelves. However, the manager realizes that sales volume would likely increase with extra space..
Design and Build (D&B) project form of contract has gained increased recognition, particularly in the construction industry, in the last decade (Lam, Chan and Chan, 2008).
Develop an aggregate planning schedule for GobalCell for the next 6 months - what are the decision variables and definitions and what is the objective function - determine how much of its production units should be shipped from each factory to each ..
Develop a master production schedule for the breadmaker. What do the projected ending inventory and available-to-promise numbers look like? Has Realco "overpromised"? In your view, should Realco update either the forecast or the production numbers..
The flower color of a certain species of snapdragon isdetermined by one gene with two alleles, R (red) and r (yellow). Ina population of 200 snapdragons, you see the followingphenotypes.
part 1 how is the role of an erp system different from traditional tps mis dss and others? can an erp system support
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