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A manufacturer of high-voltage switches projects demand (in units) for the upcoming year to be as follows. Jan 1,000 Jul 3,200 Feb 1,000 Aug 2,000 Mar 1,000 Sep 1,000 Apr 2,000 Oct 900 May 2,400 Nov 800 Jun 2,500 Dec 800 The plant runs 160 hours per month and produces at an average rate of 10 switches per hour. Unit profit per switch sold is $50, and the estimated cost to hold a switch in inventory for one month is $5. There is no inventory at the start of the year. Overtime can be used at a cost of $300 per hour. Compute a production strategy by solving a linear program to maximize profit (i.e., net sales revenue minus inventory carrying cost minus overtime cost). Is the amount of overtime in the plan reasonable? If no, what changes to the LP model could be made to generate a more reasonable solution?
In most cases, manufacturing equipment is more expensive in Germany, France, or some other European countries when compared to the U.S. and Asia. In this week’s individual assignment, we will discuss why that is the case and how it affects the import..
Evaluate whether or not shangri La Hotel's heavy investment in employee development yields a profitable return to the company.
In the production-run EOQ model, if usage and production/delivery rates are equal, there will be no inventory build up, and thus the order quantity cannot be calculated. Using the basic EOQ model, the higher an item’s holding costs, the more frequent..
This should make bond issues more attractive for firms. However, the investors will be less interested to lock in the low rates for long periods of time. What suggestions would you give a firm that wanted to issue bonds in the current economy
As a leader, you can use either a democratic or autocratic style. One approach uses centralized authority while the other uses delegated authority. Write a brief essay discussing the two and which style you prefer.
In SDLC Which project role would probably make a presentation about the objectives of a proposed project and its benefits to executives who will benefit directly from the project?
1. imagine you start a food truck business in seattle called comestible happiness on wheels chow. you have a fleet of
What contrasts are there between what is shown in cash flow statements and the need for firms to borrow at high rates and firms' income statements
2. Higher education French language registration in the USA from 1970 to 1998 can be modeled with the quartic function
Generally, employees and supervisors consider the job analysis process and the development of job descriptions as a low priority, perhaps with the exception of when an employee can achieve a pay increase through the process. Do you feel job descripti..
evaluates alternatives an organization must consider to realize growth.
An organization or an entrepreneur can look for opportunities in different external areas, according to Peter Drucker. When the opportunity is due to a change by altering the types and quantities of products and services desired and customers' buying..
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