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A manufacturing plant makes parts of a machine with a productivity of 10 parts/hour. A quality inspector then inspects and tests the parts. The quality inspector can inspect 5 parts an hour. Twenty parts are then used to assemble the machine which takes one hour. How long will it take to make, inspect and test 80 parts? Draw a CPM node diagram showing relationship among the three activities. Show how you can optimize the schedule. Assume 5 day work week and 8 hours work day. (show detail calculation)
How do an organization's vision, mission, and values relate to its strategic plan. How does an active board of directors affect the implementation of strategic goals
What is a non-insurance contractual risk transfer? Give an example. What is the difference between a serial LLC sponsored captive arrangement and the traditional captive insurance arrangement you diagramed for Part A?
Alyssa's Custom Cakes currently sells 5 birthday, 2 wedding, and 3 specialty cakes each month for $45, $155, and $105 each, respectively. Alyssa's current multifactor productivity ratio is 1.25. assuming each cake costs the same to make, the average ..
Which legal system relies upon principles or rules of law that were developed from court decisions?
Hanover Sibley, a conglomerate headquartered in the UK operates on very thin profit margins and works very hard to locate buyers of its goods prior to the manufacture or fabrication of custom designed products. In an effort to maintain a healthy leve..
Discuss in detail some of the practices to have developed as alternatives to the traditional work schedule of a full-time, eight-hour day at the employer's place of business? Please explain in detail why these alternatives have become increasingly..
Calculate the 3-sigma control limits for the X-bar and R control charts and calculate the control limits based on average daily output
An automotive repair shop stocks many sizes of tires. One particular size and model is purchased for $15 and sold for $30. The manager estimates the cost to order at $75, including the delivery charge and paperwork. Determine the optimal reorder quan..
The “insurable interest” section of a homeowners policy means that an insured is only covered up to the amount of his or her ownership interest in the property. Liability coverage is generally the most important part of an automobile policy. A tort i..
What are some possible reasons a business person would make an unethical decision? What are the risks of doing so?
Imagine you are an executive for BP, and you are preparing a presentation for the board of directors about the organization's direction.
_____ often determines organization effectiveness.
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