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Create a worksheet similar to the inventory worksheet in Figure 16.10. Include columns showing demand, sales, revenue from sales, amount of surplus, revenue from sales of surplus, total cost, and net profit. Use your worksheet to simulate the sales of the Freddy doll using a production quantity of 60,000 units. Using 500 simulation trials, what is the estimate of the mean profit associated with the production quantity of 60,000 dolls?
When delegating work, what is the relationship between responsibility, authority, and accountability?
Explain the difference between rationalist and incrementalist strategy. Who are the main protagonists of the theories? How have the debates regarding these theories.
A company can produce a part it uses in an assembly operation at the rate of 90 an hour. The company operates eight hours a day, 300 days a year. Daily usage of the part is 500 parts. The company uses the part everyday. The annual holding cost is $4...
Gives an example of a decision you or your organization has made recently. Express steps taken in making decision and analyze process to determine illustrate what decision-making model was used. Explain your rationale.
List some advantages and disadvantages associated with booking a trip yourself as well as using a travel agent. What do you prefer?
At what volume of demand would the manager be indifferent between the two cities? Which city should be chosen if demand is higher than this volume?
Can a factory be fast, dependable also flexible produce high quality product also still provide poor service from a consumer perspective.
Chase strategy - The workers are hired and fired in a way that total inventory and stockouts are always zero. Level Strategy- The company hires 5 workers at the beginning and keeps the workforce unchanged throughout the planning horizon.
A company wants to forecast demand using the simple moving average. If the company uses four prior yearly sales values (i.e., year 2007 = 100, year 2008 = 120, year 2009 = 140, and year 2010 = 210)
Give us examples from one of your current or past employers and select a company (back your info up with at least 2 articles that you will list) and use critical thought and analysis to explain how it did this.
Critically analyze Mr. Vincent's reasoning and if you were the professor and you knew what was going through Vincent's mind, what would you say to Vincent?
What are the distinctions among procedural, interactional, and distributive justice? List ways in which you could increase each of these justice perceptions.
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