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Suppose that you are producing a certain product of x units and your total profit can be expressed with a piecewise profit function of c(x) . Your aim is to maximize your total profit. Formulate this as an IP. c(x) = 2x if 0 <= x <= 100 c(x) = 100 +x if 100
Small batch sizes increase the number of setups as well as total setup costs and time. At the global market level, individual product demand is essentially unchanged on a day to day basis. Machine design in JIT systems should be kept as simple as pos..
Montanso is a large bio firm that sells genetically modified seed to farmers at a price of $45 per kilogram (kg). Demand for the modified seed is Normally distributed with mean 450 units a month and a standard deviation of 50 units a month. Suppose M..
The marketing research process consists of six steps. They are Define the problem and research objectives, develop the research plan, collect the information, analyze the information, present the findings, and make the decision. Each steps bears room..
Describe the similarities and differences between a work center manufacturing process and an assembly line manufacturing process.
A manufacturer of gummi products (gummi bears, worms, mice, etc.) is planning to expand its production capabilities via a new factory. They are trying to choose amongst the following cities for it: Mt. Vernon, OH, and Mt. Vernon, IA. Keeping the assu..
A single-server queuing system with an infinite calling population and a first-come, firstserved queue discipline has the following arrival and service rates:
Consider a continuous review inventory system. Demand is normally distributed with an average of 36,000 per month and a monthly standard deviation of 320 units. Lead time is one week (assume four weeks per month). If the firm desires an 83% cycle ser..
In a Western democracy that prizes civil rights, what are some of the measures that governments can take to deter, detect, and prevent terrorists organized in small groups, bunch of guys (BOG) groups, cellular organizations, or as lone wolf operators..
A 4 year-old die-casting machine, of market value $3500, is 50% too small for future production needs. A new machine with identical production capacity costs $5000 installed. Both machines are expected to have economic lives of 6 years from this date..
If the police variable for unforeseen contingencies is set at 5 percent, explain how many containers should Jitson authorize for the gear replenishment system.
Review the Four Intrinsic Rewards underlying intrinsic motivation, how managers can cultivate motivation in others, and the causes and consequences of job satisfaction.
Mark M. Upp has just been fired as the university book store manager for setting prices too low (only 20 percent above suggested retail). He is considering opening a competing bookstore near the campus, and he has begun an analysis of the situation. ..
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