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The president of Hill Enterprises, Terri Hill, projects the firm’s aggregate demand requirements over the next 8 months as follows:
Jan. 1,400 May 2,200
Feb. 1,600 June 2,200
Mar. 1,800 July 1,800
Her operations manager is considering a new plan, which begins in January with 200 units on hand. Stockout cost of lost sales is $100 per unit. Inventory holding cost is $20 per unit per month. Ignore any idle-time costs. The plan is called plan A.
Plan A: Vary the workforce level to execute a chase strategy by producing the quantity demanded in the prior month. The December demand and rate of production are both 1,600 units per month. The cost of hiring additional workers is $5,000 per 100 units. The cost of laying off workers is $7,500 per 100 units. Evaluate this plan.
The VP of Sales at WidgeCorp, who is comfortable with statistics, wants to know the possible null and alternative hypotheses for a nonparametric test on this data using the chi-square distribution. A nonparametric test is used on data that are qua..
Seniority is a critical concept in collective bargaining. Answer the following questions related to seniority. A 1½-page response is required. Why is seniority considered a critical issue
Discuss how the five operational performance objectives may influence decision-making associated with process design and layouts and critically discuss the main factors that influence the manufacturing/service process design.
Write a 1,050 word paper in which you complete the following: Research and describe the internal and external environments of 2 to 3 real-world companies using an environmental scan.
Why do you think lean inventory management can decrease transportation, capital expenses, and inventory storage?
An important aspect of strategic planning is analyzing the internal and external environments. Recently, a large organization completed their environmental analyses only using a very extensive SWOT process
Identify and analyze a best practice human capital acquisition, development, and retention in the United Kingdom.
An order fulfillment process normally operates two shifts a day, five days per week. Under normal conditions, 380 orders can be processed per shift. What is the daily capacity?
Social perceptions of the ethical fabric of entrepreneurs is typically mixed. While entrepreneurs are many times seen as individuals who will stop at nothing as long as they achieve their goals, they also have a reputation to keep in their communi..
Illustrate what is the average value of a loyal customer (VLC) at Abby's restaurants. Illustrate what is the best way to increase income given your VLC analysis.
Demand for cords of wood can be modeled by using a Normal Distribution with a Mean of 2560 units and a Standard Deviation of 60 units. What is the Probability that you will make money using this machine?
In any personal experience or a real-life story found on the Internet, discuss senior management's role in successful quality improvement programs.
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