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A small firm makes three products, which all follow the same three step process, which consists of milling, inspection, and drilling. Product A requires 6 minutes of milling, 5 minutes of inspection, and 4 minutes of drilling; product B requires 2.5 minutes of milling, 2 minutes of inspection, and 2 minutes of drilling; and product C requires 5 minutes of milling, 4 minutes of inspection, and 8 minutes of drilling. The department has 20 hours available during the next period for milling, 15 hours for inspections, and 24 hours for drilling. Product A contributes $6 per unit to profit, product B contributes $4 per unit, and product C contributes $10 per unit.
At the optimum solution, what is the company's profit during the next period?
How many units of each are produced at the optimal solution (use numbers)?
How must an operations strategy integrate with marketing and accounting ?
At least 2 states must be selected from each of these outlier groups. Formulate an integer linear program that chooses a feasible set of proposals with the maximum total merit score.
There are 360 working days per year and the lead-time is 5 days. If Mark orders 200 units each time he places an order, what would his total ordering cost be for the year?
Protocols are important in medicine. We use them anytime that a particularly important process needs to be completed in a sequential way for the benefit of our patients.
Interpret the significant impact of New Public Management on Non-Profit Reform. Next, infer two (2) challenges that are associated with implementing the reform in non-profits. Provide a rationale for your response.
How much must setup time decline in order for the lot size to fall to 50 units? 25 units? 10 units? Explain how you determined the declines in setup time you calculated.
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What changes in employment relationships are likely to occur as the population ages? Do you think increasing age diversity will create new challenges for managers? What types of challenges do you expect will be most profound?
To determine the standard working time for a special job, following observation data is collected. Observation 1 2 3 4 5 6 7 8 Time (in second) 17 18 15 14 13 15 16 13
Information is one part of decision making, with managers being the other. What is the difference between the ability of a manager to retrieve information instantly on demand using an MIS
In a waiting line situation, arrivals occur at a rate of 2 per minute, and the service times average 18 seconds. Assume the Poisson and exponential distributions. Find probability of no units in the system. Find average number of units in the system?..
Which of the following statements about headings is least accurate?
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