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You are the operations manager for Louisiana Sporting Goods Co. The company has designed new "oyster shucking" knife that is expected to reduce risk of injury to the user. Your firm plans to begin production of these knives soon. Either of two machines (processes), A or B could be used for in-house production. Machine A would have a fixed cost of $60,000 and a variable cost of $5 per unit produced, and B would have a fixed cost of $80,000 but a variable most of $3 per unit. Each knife is expected to sell for $15. Determine the range of annual "volume of business Q" for which each of the two alternatives would be optimal i.e. best. Hint: Compute various break-even points for your evaluation
There are three markets, M1, M2, and M3, owned by a single firm. We do know that M1 serves an average of 20 customers per minute with a standard deviation of 5, while M2 serves an average of 15 customers per minute with a standard deviation of 5, and..
Lee Cycles produces bicycles and buys brakes from a supplier in Japan. The brake set for one bicycle costs $125, and it is $35 to process the order with the supplier. What is the average inventory carrying/holding cost for the brakes? What buying str..
Which training delivery method do you think you personally would prefer in a job and why? What do you see as advantages and disadvantages to each type of training method?
Market Company uses a typical two card kanban production system. Inventory levels are roughly proportional to the number of Kansans. For one part, the average usage rate is 1,400 parts per day, container size is 50 parts, and cycle time per batch is ..
Run a multiple regression analysis on the above data. Use "number of workers" and "sunny days" as the only independent variables, thus you will have just two independent variables on the right hand side of the equation. State your results both q..
Draw also describes a flow control loop. Identify each item in loop also describe in detail illustrate what occurs at each step. Elucidate how this actually is a loop also not just looks like one
The primary purpose of corporate entrepreneurship is to pursue new venture opportunities and to seek strategic renewal. What does this mean to you and where might you have seen these applied?
Why would the government not tax us for the Employee Benefits we receive?
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Choose a local organization and suggest how it might employ a level, chase, or mixed strategy to best meet demand. Explain how your suggestion would enable the firm to best meet their typical demand in a way that minimizes cost or maximizes profit.
Thunder Bay has been producing computer chips with an average life of 480 hours and a standard deviation (s) of 24 hours. Thunder Bay has the opportunity to obtain a large order from XYZ Computers if it can produce the computer chips with specificati..
Explain the relationship between learning objectives and training methods. What is the Difference between the Corporate Strategy and the Business Strategy in the Whole Foods Market?
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