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A local auto mechanic is developing a schedule for purchasing and storing part X for the next four quarters. Over the next four quarters she has to have at least 200, 300, 450, and 200 units respectively on hand to accommodate expected requests for repairs in each quarter. The price she pays per unit starts at $100 in the first quarter and increases by $3 per quarter thereafter. Cost of storage per unit from one quarter to the next is $4. Because of supply limitations she cannot purchase more than 350 units per quarter. Her maximum storage capacity is 100 units from any one quarter to the next. At the end of the fourth quarter she does not want to have anything in inventory and expects to develop a new plan based on the updated forecasts of demand. Develop an LP model to determine the optimal schedule for purchasing and storage of part X. (Do not solve the model or try to figure out the actual schedule, but rather develop an LP model which can be easily modified and resolved if one of the parameters changes.)
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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