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During the next three months, General Cars must meet (on time) the following demand for trucks and cars: month 1 – 400 trucks, 800 cars; month 2 – 300 trucks, 300 cars; month 3 – 500 trucks, 500 cars. During each month, at most 1,200 vehicles can be produced. Each truck uses 2.5 tons of steel, and each car uses 1.2 tons of steel. During month 1, steel cost $400 per ton; during month 2, steel costs $600 per ton; and during month 3, steel costs $700 per ton. At most 2,000 tons of steel may be purchased each month (steel may only be used during the month in which it is purchased). At the beginning of month 1, 100 trucks and 225 cars are in inventory. At the end of each month, a holding cost of $100 per vehicle is assessed. Formulate a linear program to meet the demand requirements at minimum cost (include steel costs and holding costs).
You are an investor in common stocks, and you currently hold a well-diversified portfolio that has an expected return of 8.5%, a beta of 1.15, and a total value of $99,000. You plan to increase your portfolio by buying 100 shares of Grand Co. at $110..
Organizational change is a prerequisite for long-term organizational success. Another prerequisite is ________. A change agent is an individual outside the organization who tries to modify an existing organizational situation. Managers have been e..
Analyze the system by simulating the arrival of 20 customers using the random numbers 913, 727, 15, 948, 309, 922, 753, 235, 302, 109, 93, 607, 738, 359, 888, 106, 212, 493 and 535. Also, calculate the average time between arrival Distribution of tim..
Risk versus reward is ongoing in each life. What does it mean and how can we assess it? Why is it important for analysts to evaluate risk versus reward thoroughly and to report on it to users and management?
Discuss the possible benefits that a company obtains by forming strategic alliances with other companies. Explain why the strategy development process must involve managers at all organizational levels? How would you describe high performance culture..
Develop an aggregate plan using each of the following guidelines and compute the total cost for each plan. Which plan has the lowest total cost?
The purpose of this essay is to explain “Where does information exist and why is it valuable?”. Your grade will be determined by the quality of the integration of the terms/principles above. Feel free to leverage other sources to provide context. I w..
A supplier quality management audit to meet a company’s existing contractual requirements is most like:
As we have been discussing, the printing press played a huge role in the advancement of the Protestant Reformation, changing forever the way people communicate. To deepen our understanding of this topic, can you think of any other technologies that h..
When there is a crisis within your organization employees are going to need to be trained on how to communicate with the media. What are the necessary steps to develop a training plan?
Bribery or the Cost of Doing Business? You are a U.S. citizen recently assigned as the manager of distribution in a European country where bribery is relatively accepted. Your job description includes responsibility for accepting shipments as they en..
The holding cost is 10 percent of the purchase cost. How many units should R. C. order to minimize his total annual inventory cost?
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