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Consider the problem of scheduling the weekly production of a certain item for the next 4 weeks. The production cost of the item is $10 for the first 2 weeks, and $15 for the last 2 weeks. The weekly demands are 300, 700, 900, and 800 units, which must be met. The plant can produce a maximum of 700 units each week. In addition the company can employ overtime during the second and third weeks. This increases the weekly production by an additional 200 units, but the cost of production increases by $5 per item. Excess production can be stored at a cost of $3 an item per week. How should the production be scheduled so as to minimize the total costs? Formulate this as a linear programming problem.
Whom does the salesperson represent? Is it the company or the customer? In so many sales situations, the salesperson falls in the middle between satisfying the company goals and his/her supervisor pressure to overachieve (by meeting or exceeding his/..
Illustrate what are determining factors that may lead to a decision to proceed with outsourcing. A gift shop sells 1000 boxes of scented candles a year.
Why it is important for managers and leaders to understand organizational behavior? What are the advantages of understanding one's management style for managers, leaders, and the organization?
I want each Product Manager to review the quality situation in the processes that are used for their product lines. In particular, I want a plan on how to implement process capability, process control charts, and Six Sigma. Which processes should ..
In what ways does the management of capacity and demand decision affect corporate performance? Use examples to discuss your argument.
examines what the repercussions might be of applying a western world theory in a non-western area. why would it be a
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Will a capability that helps a firm increase its revenues and exploit opportunities in the external environment necessarily result in the firm achieving a sustainable competitive advantage? Why? Thoroughly explain your answer.
How can an entrepreneur seeking funds to launch a business convince potential lenders and investors that a market for the product or service really does exist?
A bottling plant fills 2,400 bottles every two hours. The lead time is 40 minutes and a container accommodates 120 bottles. The safety stock is 10 percent of expected demand.
During the past several years, a number of significant disasters have occurred. Often, businesses find themselves unprepared to deal with disaster when it occurs. Discuss the issues that human resources are faced with in responding to a local disaste..
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