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A manufacturer of men’s wear needs help planning production for coming year. Demand for the clothing follows a seasonal pattern as shown in Table 2 below. Given the following costs and demand forecasts test these four strategies for meeting forecast demand: (a) level production with overtime and subcontracting, (b) level production with backorders as needed, (c) chase demand and (d) 3000 units in regular production from April through September and as much overtime, and subcontracting production in the other months as needed to meet annual demand. Determine the cost of each strategy. Which strategy would you recommend? Table 2: Monthly demand forecasts Month Demand forecast January 1000 February 500 March 500 April 2000 May 3000 June 4000 July 5000 August 3000 September 1000 October 500 November 500 December 3000 Beginning workforce 8 workers Subcontracting capacity unlimited Overtime capacity 2000 units per month Production rate per worker 250 units/month Regular wage rate $ 15 per unit Overtime wage rate $ 25 per unit Subcontracting cost $ 30 per unit Hiring cost $ 100 per worker Firing cost $ 200 per worker Inventory holding cost $ 0.50 per unit/month Backordering cost $10 per unit/month.
Environmental considerations, material losses, and waste disposal can be included in the EOQ model to improve inventory-management decisions. Assume that the annual demand for an industrial chemical is 1,200lb, item cost is $5/lb, order cost is $40, ..
Use a cause and effect diagram to develop a list of potential causes for each of the following:
Illustrate what are three ways human resources help support strategic goals of human service organizations.
Prepare a two page comparative analysis of the ppt presentation - Triple Constraints of Projects; Scope, Time and Costs versus the video presentation of CPM in 8 minutes.
If you were hired in a managerial position and you were told to design your own plan for development, what would you do? Refer to the section on models of management skill development, and for each step in the process develop a plan for your own mana..
A new production process at Fabulast, Inc., has two in-line stages. Explain the results in terms of the multiplication and the addition rules for probability.
You are the project manager of a large, virtual financial project. You want to improve the functioning of the project team. Which of the techniques below would not likely improve the effectiveness and efficiency of the project team?
The NBA season is upon us, and it is time for fun discussion on sports business. Did you know that most valuable franchise in the NBA was the New York Knicks?
Pankee Inc., was originally formed as a C corporation and made an S election 5 years ago. Which of the following statements correctly describes the taxability of Pankee's distributions to its shareholders?
How does release planning work to speed development processes and decrease time to market? What do you think are the challenges of this type of planning? Discuss methods for protecting personal information, including data that is stored on one's pers..
What are the differences between data and information, and how can they be used for effective planning and decision-making? How does access to data and information impact a manager’s ability to initiate, maintain, and control quality in an organizati..
In 200-300 word compare compensation plans for each of the position in Ford Motor Company and the two jobs being a Engineer Specialist and a Production/Business Planning Analyst.
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