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An operation manager of a chemical manufacturing plant must determine the lot size for a chemical that has a steady demand of 1,450 litres per day. The production rate is 6,850 litres per day, setup cost is $200, annual holding cost is $0.21 per litre, and the plant operates 350 days per year.
As part of its new JIT program, the company has signed a long-term contract with its customers and the company will take orders electronically for the engines. The lot size (production order quantity) will drop to 20,000 litres. Determine the new setup cost per order and the number of orders (setups). What is the total annual cost of managing the inventory with the new policy? What is the setup time in hours, based on a $25 per hour setup labour cost with the new policy?
The mean time required to complete a certain type of construction project is 61 weeks with a standard deviation of 4.15 weeks. What is the probability of the completing the project in no more than 58 weeks? What is the probability of the completing t..
Was Mundo obligated to sell the presses to Extra for $2.4 million?Assume Mundo was so obligated. What are Extra's rights and remedies against Mundo?
What is the definition of " Imperfectly imitable resources and/or capabilities"? And provide an example.
For both ethical and socially responsible behavior to take place within organizations, management must commit to making this happen.
There are different types of forecasting models that can be used in business research. Each model is suitable for a type of historical demand data. Some data may have a trend
Discuss the following ethically challenging vignette: (Be sure to review the 2014 ACA Code of Ethics, posted on the Resources Page in the Course Menu) "The Community Mental Health Center where you work insists on down-playing career issues and playin..
Should a multinational organization operate as a tightly integrated, worldwide business system,
It will be democratic, involving as many key employees as possible in the process. It will lead to generation of three to five key strategies for the company.
Give examples of three different strategic positions mentioned in the reading.
What can e-businesses do to enhance customers' trust in their Web sites?
Explain the process implementation competitive strategies. Use examples as needed. Your response should be at least 200 words in. Should the role of contract manager be rolled into that of a project manager?
During the 4-day planning period of a hospital it is known that 30,25, and 20 patients will require l-,2-, or 3-day stays, respectively. However, the beds available during the same period are estimated at 20, 30, 30 and 30. Use goal programming to de..
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