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You are a manufacturing engineer at a firm that requires electric motors as part of major assemblies. You can purchase the motors for $350 each today with a 5% per year increase. On the other hand, you can manufacture the motors.
The manufacturing of the motors will require an investment of $300,000 today plus an investment of $100,000 one year from now. The raw materials and labor required to make the motors is $15 per motor. There is no increase in cost over the planning horizon. If the project horizon is 8 years from today, what is the minimum number of motors PER YEAR required to make manufacturing a less expensive option for years 2 through 8. The machine to make the motors has no salvage value and the MARR is 12%.
Many major corporations have been greatly affected by the recent horrific tragedies in the Northeast with Hurricane Sandy and in Japan a few years ago with the large earthquake. How has this affected the global economy? In a one to two page paper, di..
You decide to take on the project of establishing consistent levels of inventory to meet customer demands. Most of your supplies are purchased from a few distributors which call on your store once every 2 weeks. describe how many boxes of paper wou..
A company has the following forecast demand for the next 6 months: Suppose inventory, stock outs, overtime and subcontract in aren't allowed. Only hiring and layoffs are allowed to respond to fluctuations. There are currently 20 workers on payroll. T..
What is the efficiency of the plant and Construct a diagram showing the four measures of capacity/efficiency and calculate MAD for both methods.
When more efficient workers earn higher wages, this is known as a _____ pay structure.
Samuel Cartwright is suing over a workmanship defect in a data backup system that cost him 3 years of client data. He is suing for $1 million, and the manufacturer is offering him an out-of-court settlement of $450,000, of which Samuel will receive $..
determine the need for and purpose of a gantt chart and distinguish between the pros and the cons of using a gantt
A local farm produces cases of perishable food products. The products such as vegetables and fruits are packed in wooden cases. Each case costs $10 and sells for $20. Now assume that backlogging is possible and if a demand does not get satisfied, can..
Although ERP (Enterprise Resource Planning) Systems are a great concept. Implementation of such systems have a high rate of failure and often after such systems are installed the results may not be as desired.
At this point in the course, we have seen some recurring relationships between resource flexibility, and how it impacts the resource utilization vs. queue time or lead time trade-off. Consider the two project scheduling scenarios we examined in Lesso..
The Judy Gray Income Tax Service is analyzing its customer service operations during the month prior to the April filing deadline. On the basis of past data it has been estimated that customers arrive according to a Poisson process with an average in..
From the franchisee’s perspective, under what circumstances would product/trademark franchising be advantageous? When would business format franchising be better?
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