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Tooltron Manufacturing uses a Kanban system for a component. Daily demand is 650 units. Each container has a combined waiting and processing time of 1.5 days. If the container size is 35 and the alpha value (alpha) is 12 percent, how many Kanban card sets should be authorized? What is the maximum authorized inventory?
During the morning hours at a catalog sales department, telephone calls come in at the rate (Poisson) of 34 per hour. Calls that cannot be answered immediately are put on hold. The system can handle 9 callers on hold. If additional calls come in, the..
An insurance company insures a person's antique coin collection worth $30,000 for an annual premium of $200. If the company figures that the probability of the collection being stolen is 0.0014. What will be the company's expected profit?
Discuss the pros and cons of doing business with the government, as well as how conducting business with the federal government is different from conducitng business with commercial companies
Ethics are an important aspect of corporate culture. The tone at the top is part of what sets expectations for employees. Describe the tone at the top of your organization. If you were in charge, what would you do differently?
Think about company rituals and organizational cultural values (behavior/communication etc.) that take place in your workplace. (See table 4.1, in Clampitt textbook). Discuss any ONE that is indicative of your company. Feel free to refer to Dr. Schei..
Why is it important for managers to understand the difference between teams and groups? As a manager, how can you prepare your people to be team players?
Suppose that a company wanted to write a mission statement for their supply (value) chain. Such a mission statement might include statements about customers, suppliers, quality, delivery, cost, and the environment. What questions might you ask a comp..
South Central Airlines operates a commuter flight between Atlanta and Charlotte. The plane holds 30 passengers, and the airline makes a $100 profit on each passenger on the flight. Explain how your simulation model could be used to evaluate other ove..
Develop three (3) examples that illustrate how a manufacturing company or a service company of your choice uses JIT, and then determine three to four (3-4) benefits of JIT for that particular organization. Discuss how the JIT concept differs between ..
Create a 18- to 22-slide Microsoft® PowerPoint® presentation to be given to the selected organization's board of directors (Starbucks). As part of the new business development team, you have been exploring new transportation options for the organi..
Compute the forecast for the week of October 12 using exponential smoothing with a forecast for August 31 of 360 and a =.2.
Suggest two (2) decision-making methods that you would apply when hiring a manager. Then, select two (2) decision-making methods that you would utilize when hiring a regular employee. Specify the main reason why the selected methods would apply to ma..
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