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The HEC Company located produces two products popular with home renovators: old fashioned chandeliers and ceiling fans. Both the chandeliers and fans require a two - step production process involving wiring and assembly. It takes about 2 hours to wire each chandeliers and 3 hours to wire a ceiling fan. Final assembly of the chandeliers and fans require 6 and 5 hours, respectively. The production capability is such that only 12 hours of wiring time and 30 hours of assembly time are available. If each chandelier would generate a unit profit of $7 and each fan $6 Formulate an IP model for this problem and use graphical and simplex LP approach to solve this model.
All companies have strengths, weaknesses, opportunities and threats. Franchising is typically riskier than developing a startup. Franchisees suffer from a restriction of their freedom. Opportunities and Threats are external in nature. Franchisors are..
Discuss how the class Fundamentals of Entrepreneurship may have changed (or reinforced) any preconceived impressions you may have held about becoming an Entrepr
What do you believe are the two biggest social responsibility issues companies should be addressing today? Why are they the two most important? Cite examples from outside research from the news and/or from work-related experience
Connie was employed by the Beaufort Distributing Company. She worked at an off site location keeping track of the inventory in that facility.
Discuss the key factors that impact location decisions.
Jason Binghamton is a huge fan of the Montana State Teacher’s College (M.S.T.C.) men’s basketball team, nicknamed the “Flying Elk.” Jason files suit against Lewis and Clark Stadium and the city of Helena, Montana, seeking to hold the defendants “join..
The most basic level of need in Maslow's hierachy is a. safety need b. physiological need c. social need d. esteem e. self. When setting goals, managers shoud address a. goal difficulty b. specificity c. commitment d. feedback e. all. ___ is the feel..
Illustrate what do you do if you believe that ethical behaviour requires you to maximize Jay-Mart's profits.
Does an employer have to have consent from an applicant to do a background check on them. Why or Why not?
In a bank, there are six tellers. The arrival rate of customers is 3 per hour, and the mean service time is 21 minutes. What is the utilization (as a percentage) of the servers?
A produce distributor uses 710 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once..
Megley Cheese Company is a small manufacturer of several different cheese products. One of the products is a cheese spread that is sold to retail outlets. Jason Megley must decide how many cases of cheese spread to manufacture each month. the probabi..
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