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Your company makes all the bobble head dolls for Major League Baseball. The doll making procedure is the same for all bobble heads, they are then sent to the painter to make each bubble head match the look of a specific player. The annual demand from MLB is 100,000 bobble heads. it costs you $60 to setup for a production run of the bobble heads, and the annual holding cost per unit is $15. The company that paints the bobble heads is willing to wait if you run out of inventory, but instead of paying $9 per unit, they require the price to be reduced to $5 per unit.
a) How many units should be ordered each time that an order is placed?
b) An order should be placed whenever total back-ordered demands sum to what?
Explain why do you think Starbucks has now elected to expand internationally primarily through local joint ventures, to whom it licenses its format, as opposed to a pure licensing strategy.
The same bakery also makes gourmet chocolate-chip cookies by the dozen to sell to local grocers. The bakery is contracted to supply 30 dozen cookies a day to the grocers.
Statistical process control (SPC) is the application of statistical techniques to determine whether a quantity of material should be accepted or rejected.
What is the value of DPMO for this process? What is the value of DPMO customarily used to assess process performance using 6-sigma level?
Departments A, B, C, and D need to be assigned to four rooms 1, 2, 3, and 4. These rooms are arranged in a row, in that order, with 20 meters between each. The departmental work flows are contained in the table below.
What is the reorder point? If Ray wishes to increase the service level to 95%, then what is the new level of safety stock?
the average time a customer spends at the restaurant (1.176 minutes). Illustrate what are the arrival rate also service rate.
Illustrate what is the multifactor productivity ratio for Med-Tech. Illustrate what does you find outing mean.
Concept of providing wireless access to workers from the perspective of worker benefits also the effect to the organization.
This response states operations managements. The roles and goals of health care operations managers are discussed as well. References are included.
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.
Solve the problem by rolling back the decision tree. In the second gamble, you have a 40% chance of receiving $80, a 40% chance of receiving $60 also a 20% chance of receiving $50. Draw a decision tree to represent the problem. Solve the problem b..
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