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An FBO (a "fixed-base-operator", usually the manager of a small-town airport) makes his revenue in three ways: flight instruction, charter flights, and aircraft maintenance. These activities earn revenues of $25/hour, $40/hour, and $35/hour respectively. The FBO has enough work to guarantee at least 40 hours of work per week. He also, for reasons of sanity and family, refuses to work more than 60 hours per week. He has at least ten hours of each activity to do each week, but refuses to more than twenty hours of any one of these activities to keep himself from getting bored with any one activity. How should he schedule his time to optimize his revenue?
Sally's Silk Screening produces specialty T-shirts that are primarily sold at special events. She is trying to decide how many to produce for an upcoming event.
What is the difference between strategic and operating controls? What level of management would be most concerned with operating controls?
Determine the UCL and LCL for the X-Bar and the R-Chart for the sample size of 6.
Show total cost expression also compute EOQ for an item with holding cost rate 18%, unit cost $8.00, annual demand of 40000 also ordering cost of $48.
It is likely you have thought of an idea(s) for entrepreneurial new-economy ventures. If not, think of one now
Recommend what can be done to influence the relationship so that it serves shareholders' interests.
Radovilsky Manufacturing Company, in Hayward. California. makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders fo about 12,000 flashing lights per year and hasthe capability of producing 105..
It is normally distributed also has a criterion deviation of 2 days. Illustrate what is the probability of a stock out during lead time.
What is the current multifactor productivity? What will the multifactor productivity of the deli be if a new employee is hired?
A large law firm uses an average of 37 boxes of copier paper a day. The firm operates 256 days a year. Storage and handling costs for the paper are $31 a year per box.
Why is forecasting important in organizations, especially as related to understanding the relevant time horizon to develop a forecast against?
A top executive claimed that superior management is a craft technology because the work contains intangibles such as handling personnel, interpreting the environment, and coping with unusual situations that have to be learned through experience.
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