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A law firm specializes in the issuance of insurance policies covering large commercial real estate projects. The projects fall into two categories: shopping centers, and medical complexes. The typical work involved with each transaction is quite predictable and repetitive. The time requirements (unit loads) for preparing a standard contract of each type are given in Table 5.8. Also listed are the number of professionals of each type and the number of available hours per professional per day (the rest of time is taken by other office activities). For the month of November, 2010, the firm has generated the 150 orders, 75 of each type. Assume one month equals 20 days. What is the effective capacity of the process (contracts per day)?
Decide the hourly capacity of each process stage and the number of machines needed to meet an output rate of 50,000 units per hour. Explain how does facility layout impact your numerical analysis and process efficiency. Explain.
What are the major business benefits organizations can realize by providing employees with wireless mobile devices? What are the hardware, software and other challenges organizations face in providing their employees with wireless mobile dev..
The standard deviation of lead time is 1.5 days. Assume 260 days in the year and an average lead-time of 6 days. Illustrate what is the EOQ.
Coca-cola markets powerade as a sports drink that competes with gatorade. Competition for sports drinks is fierce where they are sold in the coolers of convenience stores
llustrate what is process cycle time of overall system. If firm operates 8 hours per day, 20 days per month, illustrate what is monthly capacity of manufacturing process.
Explain how many tires should Rocky Mountain order each time it places an order. Illustrate what is the total cost of this policy. Justify your answer and explain how calculations.
The stamping operation takes 1 minute per T-shirt, and the stamping machines are expected to have 90 percent efficiency considering adjustments, changeover of patterns, and unavoidable downtime. How many stamping machines are required?
Ordering and holding costs are low, and you just lump them all into your overhead costs. What is a good reorder point?
Clocks sell for $15, radios, for $20, and toasters, for $12. The company desires to know the optimal product mix that will maximize profit.
Illustrate what impact do you think utilizing Stage-Gate processes would have on development cycle time also development costs.
Erdington operated a toy store also carried merchandise from both domestic as well as foreign manufacturers. As holiday season approached, he found that he could reduce his costs by importing a stuffed toy from a developing country.
As a manager you will be asked to lead change efforts in your organization. Change management intensifies the need to understand a range of factors, especially diversity of people which takes into account But a global economy a range of interests
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