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The forecast for monthly demand is given below. On average there are 22 production days in a month. It takes one worker three days to complete one unit. The current production work force level is 50 employees. The cost of hiring an employee is $500, and the cost of firing an employee is $450. Regular time pay per employee is $1,250 per month. The cost to hold an ending inventory for a month is $4 per unit. The current level of inventory is 800 units. As protection against unforeseeable demand fluctuations, the ending inventory for each month is planned at no less than but as close as to 800 units. Develop separate production plans for chase and level strategies. What is the cost over 12 periods for each plan? Which plan is better? Planning Period 1 2 3 4 5 6 7 8 9 10 11 12 Monthly Demand 372 414 395 381 418 359 386 398 409 417 421 425
The owner of the Gold Coast Apartment Complex is engaging a contractor to build a new club house and wants to know the preferences of the tenants on this new facility.
michael porter was a business researcher who made popular the concept of a value chain that is common to most business
The activities needed to build a prototype laser scanning machine at Dave Fletcher Corp. are listed in the following table. Construct an AON network for these activities.
Can you identify an example of a development project and what type of team you believed they used? Do you think this was the appropriate type of team given the nature of the project? In addition, identify the creative and innovative aspects created b..
Integrate and revise the systems maps from your individual assignments to create a holistic, interactive, and transdisciplinary system map of the current state of the Japanese auto supply chain.
discusses how security officials manage identified vulnerabilities regarding natural, human-made, and technological threats.
When a small number of large forecast errors needs to be guarded against, what is the measure of forecast accuracy should be used between MAD and MSE?
Conduct research, review two nonprofit organizations' mission statements, and compare the mission statements to the checklist provided below.
The local hospital’s emergency department has 6 trauma bays. On average, patients requiring a trauma bay arrive every 30 minutes (with a coefficient of variation of 1). If the hospital has an available trauma bay, it is immediately allocated to a nee..
What strengths and weaknesses do traditional organizational structures provide? How do boundaryless and learning organizations impact strategic capability in a global environment?
Identify a product offered within an industry. Using Macro-trend analysis from readings identifies, discuss also analyze macro-trends that may impact industry over next five years.
Using a cause and effect diagram (Fish-bone chart), Scatter Diagram, flowchart or Statistical Process control chart, analyze the data and present conclusions.
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