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During the next three months, General Cars must meet (on time) the following demand for trucks and cars: month 1 – 400 trucks, 800 cars; month 2 – 300 trucks, 300 cars; month 3 – 500 trucks, 500 cars. During each month, at most 1,200 vehicles can be produced. Each truck uses 2.5 tons of steel, and each car uses 1.2 tons of steel. During month 1, steel cost $400 per ton; during month 2, steel costs $600 per ton; and during month 3, steel costs $700 per ton. At most 2,000 tons of steel may be purchased each month (steel may only be used during the month in which it is purchased). At the beginning of month 1, 100 trucks and 225 cars are in inventory. At the end of each month, a holding cost of $100 per vehicle is assessed. Formulate a linear program to meet the demand requirements at minimum cost (include steel costs and holding costs).
To increase the responsiveness of a single exponential smoothing forecasting model the forecasting analyst should
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Risks are more difficult to identify and assess at the start of a project. If risks are not identified early and build to project problem, the impact and cost to the project can be large. Then discuss how you might use the template in a project setti..
Give some examples how companies are using Automated Storage and Retrieval systems (ASRS) technology in the distribution center? You need to identify two companies and discuss the implementation of this technology in each company in detail. For examp..
It takes the Blacksburg Shipyard 13 weeks with 258 workers to build a small tanker. Material costs are?$21 million and overhead costs are? $2million. Workers cost $24 per hour including benefits and work 40 hours per week. The ship sells for ?$50mill..
Harkin Electronics is planning its production next quarter for its two product lines, relays and capacitors. Profit contribution is $250 for a case of relays and $200 for a case of capacitors. The company uses three resources to produce its product. ..
Suppose this video store plans to buy a new copy and then there will be total 10 copies of this movie. What will be the payback time for this $50 investment?
Cost Accumulation for batch-production operations or Job shopActivity-based Costing Systems
Your organization has decided to update their elearning platform, you have been asked to research 10-20 learning technology platforms. You remember the ODL system and elements, Gagne five varieties of learning and Sadler-smith and smith discussion of..
How can your company apply operations management (OM)? Discuss 2 examples of how OM is used to improve the efficiency and effectiveness of business operations.
Use optimization theory to analyze the below statement and tell me whether-thinking as an economist-you would agree or disagree with them and why
Assume that you are about to ask your supervisor for a raise. Which communication medium or channel would you use?
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