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Photo Chemicals produces two types of photograph-developing fluids. Both products cost Photo Chemicals $1 per gallon to produce. Based on an analysis of current inventory levels and outstanding orders for the next month, Photo Chemicals managers have specified that at least 30 gallons of product 1 and at least 20 gallons of product 2 must be produced during the next two weeks. They have also stated that an existing inventory of highly perishable raw material required in the production of both fluids must be used within the next two weeks. The current inventory of the perishable raw material is 80 pounds. Although more of this raw material can be ordered if necessary, any of the current inventories that is not used within the next two weeks will spoil hence the management requirement that at least 80 pounds be used in the next two weeks. Furthermore, it is known that product 1 requires 1 pound of this perishable raw material per gallon and product 2 requires 2 pounds per gallon. Since the firm’s objective is to keep its production costs at the minimum possible level, the managers are looking for a minimum-cost production plan that uses all the 80 pounds of perishable raw material and provides at least 30 gallons of product 1 and at least 20 gallons of product 2.
Develop a linear programming model.
Are these skills important when working in human resources? Why?
Identify a top company or companies you wish to be employed by and create a detailed plan with supporting cover letter, profile, and resumethat you will be presenting as part of your comprehensive package.
Calculate the safety stock quantities and the inventory cost associated with safety stock (based on the item unit cost) for the inventory items at four different service levels (50%, 80%, 90%, and 95%).
If you were a part of an Action Research dissertation with your peer and Without your knowledge which you were being observed as the participant in a study.
Discuss the market system and the need for ethics in business and distinguish it from the law and concepts of virtue and morality.
Discuss the concept of ethics. Why is the purchasing profession particularly sensitive to this topic? Thoroughly explain.
If a pilot test revealed 45% perceived poor service quality, and we decide the interval range is + 10 percent with a 95% confidence level, what is the calculated sample size to confirm or not the findings from the pilot test previously applied to ..
The CEO expects you to be providing a number of various logistics reports and recommendations to her. She has asked you to prepare a chart on 1-2 pages of frequently used logistics techniques. To demonstrate your understanding of the breadth and d..
From the e-Activity, analyze the process of statistical quality control and decide which part of the process would be most difficult for you personally as well as illustrate what steps you could take to mitigate the anticipated difficulty.
GM entered the Chinese market at a time when demand was very limited. Why? What was the strategic rational?
What are other benefits or what actions might a company do to keep a really valuable employee from leaving? Explain (again, use textbook concepts)
You are the owner and only employee of an internet based business that sells drop-shipped Thneeds from China. Recently, you purchased access to a list of email addresses of potential customers. While these people have agreed to receive solicitations,..
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