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Joe's Car Company can make its own engines for $1050 or buy them from the outside from a defunct Yugoslavian auto plant for $1000 per engine. Inventory holding cost is $800 per engine per year, and the cost of ordering, receiving etc. is $8000 per order. Joe needs 500 engines per year at a constant ratea) What is Joe's EOQ for purchasing engines from the outside?b) With this order size, what is the total cost of ordering, storing and purchasing engines from the outside?c) Suppose Joe's company makes the engines instead. By coincidence, the setup cost for each production run is the same as the cost of processing an order, $8000. Joe's engineers have designed a project for making engines on site at the rate of 2000 per year. Usage rate would continue to be at 500 per year. What would the economic run size be?d) Manufacturing engines will cost $1050/engine. What is the total cost including holding and startup?e) Mary, a close friend of Joe's, just finished a course in Operations Management at UPM, suggests to Joe that he should fire some of the engineers and manufacture engines at a more conservative rate of 530 per year. What would the economic run size be in this case?f) What is the total cost of manufacture, inventory and startups for Mary's scheme?g) How does Mary's "classroom knowledge on Operations Management" plan relate to Just-in-Time, Pull-Push Systems and Make versus Buy decisions? (Answer in the form of a short essay).
Pam worked at a local retail store for the past two years. At first, she loved her job; however, the store made a change in management at the end of her first year of employment.
What is your business are being sued for a breach of contract. Create a matrix that list each business and compare and contrast your personal liability exposure as a sole owner as a result of the lawsuit.
A 3% increase in the annual base wage that is accompanied by a 5% increase in worker productivity. Increased spending for best practices training
Communication is an important consideration in organizations, and a number of different constructs fit within the communication viewpoint. What types of leader communication attitudes and activities contribute to productive behaviors by organizationa..
the financial insttiations offer loans at 10% interest pa, which Ramjee has been negotiating. it has been observed that on an average the vehicle covers 400 km per day.
Natural Furniture Company manufactures three outdoor products, chairs, benches, and tables. Each product must pass through the following departments before it is shipped: sawing, sanding, assembly, and painting.
Describe the 4Ps of marketing in your organization? (Product/positioning, pricing, promotion, and placement) Prepare this assignment according to the APA guidelines
Describe how would waiting time change if the Corporation decides to limit all rentals to exactly 72 hours. Suppose which if such a restriction is imposed, the number of customers requesting a phone would be reduced to 20 customers per day
One group of 20 trainees estimated a total overall monthly cost benefit of $336,000 related to business improvements and showed an average 70 percent confidence level with that estimate.
You are the senior Human Resources representative in a large organization with locations throughout the United States. The company has a long history of taking conservative views or positions on social issues.
Before shipping lawn mowers to dealers, an inspector attempts to start each mower and notes any that do not start on the first try. The lot size is 21 mowers
You have just notified by the Student Aid and Scholarships Office that you would receive a regent's scholarship of $2000 for the coming academic year.
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