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Kings Department Store has 625 rubies, 800 diamonds, and 700 emeralds from which they will make bracelets and necklaces that they have advertised in their Christmas brochure. Each of the rubies is approximately the same size and shape as the diamonds and the emeralds. Kings will net a profit of $250 on each bracelet, 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 are the advantages of emergent strategies? Are they particularly appropriate and effective in certain kinds of organizations? In certain kinds of environmental and competitive conditions? In tackling certain kinds of problems?
explain how information literacy is a set of skills that builds or relies upon an expansion of communication and critical thinking skills
Draw a diagram of hard count process. Elucidate how long should the process take to complete for 300 silver dollar slot machine.
The Jane Deere Company manufactures tractors in Provo, Utah. Jeremiah Goldstein, the production planner, is scheduling tractor production for the next three months.
Ordering larger quantity would increase safety stock. Ordering more frequently would reduce safety stock and increase the chance of stock outs.
Assume that you own a very upscale restaurant (think shearwater at the hotel del Coronado or the grant grill at the us grant hotel). Business has fallen off greatly at your restraurant because of the economic crisis
Automobiles arrive at the drive through window at the downtown Urbana, Illinois post office at the rate of 4 every ten minutes. The average service time is 2.0 minutes.
Consider your own experiences in working with a team. What was your individual role in this team? Imagine you are the manager of a service desk for a mid-sized company that offers sales and service to external customers. You are interviewing an ap..
Explain how has the organization impacted internal department's also external participants within the supply chain.
Develop a five-year strategic plan with cost estimates and a time line and exhibits. Your plan should include/address the following points:
Discuss the basics of Just-in-Time using an example from the industry. Further, justify whether Just-in-Time is an inventory control policy or a process improvement methodology. Also, examine if it can be both.
The production process is most efficient when 12 units per day are produced at a cost of $119 per unit. Setup cost is $39. Inventory carrying cost at Johnson is determined to be 8 percent annually.
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