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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.)
Arrivals at a box office in the hour before the show follow the Poisson distribution with lambda = 8 per minute. Servive times follow an expoential distribution with a mean of 6 seconds. Find the average lenght of the waiting line Lq=
What is Consumption-Based Planning? How is it different from Material Requirements Planning?
As the new human resources manager, you are now ready to complete the next section of a diversity training manual that is targeted at making your workforce supervisors more aware of current racial diversity issues
In what ways does a relational database structure contribute to the integrity (quality) of the data housed in such a structure? Be sure to use a structured outline or list in preparing your response.
Dan "the man" Reinhardt stared out of his 47th floor office window, as all executives do when they ponder the future in cases. Dan, the general manager for Channel 33, the public television station in a Midwestern metropolitan city, pondered the r..
Should the power to send soldiers to war--or maybe just a few soldiers, for a specific mission--be a decision made, usually very contentiously, in public, by the people's representatives? Or should it be made mostly by experts, mostly in secret, by a..
What types of questions do you ask a potential vendor to ensure the right relationship between the two of you and the right fit for your organization? Even when you have settled on a particular vendor, what are the advantages of establishing relation..
The business judgment rule states that: Which of the following is an advantage of using email communication?
A cold cereal manufacturer wants 1.5% of the product to be below the weight specifications of 0.567 kg (1.25 lb). If the data are normally distributed and the standard deviation of the cereal filling machine is 0.018 kg, what mean weight is required?
1. What are the major differences between aggregate planning in manufacturing and aggregate planning in services?
The warehouse manager asked you to create an example inventory list for his staff. The inventory list is a comprehensive chart that lists all of the company's internal resources: equipment, machines, technology, furniture, office supplies, etc.
What type of development process would you expect to find in a established company successful at developing residential air-conditioning units? How about for a small company that is trying to break into the market for racing wheelchairs?
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