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A manager faces peak (weekly) demand for one of her operations, but is not sure how long the peak will last. She can either use overtime from the current workforce, or hire/lay off and just pay regular-time wages. Regular-time pay is $500 per week, overtime is $750 per week, the hiring cost is $2,000, and the layoff cost is $3,000. Assuming that people are available seeking such a short-term arrangement, how many weeks must the surge in demand last to justify a temporary hire? Hint: Use break-even analysis (see Supplement A, "Decision Making"). Let w be the number of weeks of the high demand (rather than using Q for the break-even quantity). What is the fixed cost for the regular-time option? Overtime option?
What are the common characteristics of all companies? Can a manager have operation responsibilities? explain. What are three characteristics that a manager must have to be successful in today's ever changing world?
The Kitchen Store bought a set of pots with a $120 list price from Corning Manufacturing. The Kitchen Store receives a 25% trade discount.
James Lawson's Bed also Breakfast, in a small historic Mississippi town, must decide elucidate how to subdivide (remodel) large old home which will become its inn. Which option has highest expected value.
The annual cost of carrying a pound of cheese in a refrigerated storage area is $12. Find out the optimal order size also the minimum total annual inventory.
Explain which knowledge acquisition strategies would help wind tunnel to gain the necessary intellectual capital. Discuss the particular objectives of purchasing also supply management.
Your current equipment is fully depreciated and can produce the 2,000 units per year at a margin of only $4.00 per unit. Should you purchase the new equipment. Under illustrate what conditions.
Alpha Snacks (AS) uses a periodic review inventory policy in ordering chocolate-multi-grain snack bars. The vendor visits the store every three weeks to take orders lead time for shipments is three days.
company that would be a profitable candidate for the corporation to acquire or merge with and explain why this company would be a profitable target
What is the possible daily output of this "process" if 8 hours of processing time is available each day? Given your output in part a, what is the efficiency of the process? What is the flow time of the process?
You have been asked to fill-in for your boss this week. Your boss's assistant informs you that he had scheduled an engagement to teach a group of students at local University. explain how it works and expected outcomes.
A company is operating in 2 unrelated businesses. The first one is making common salt, which is sold in one-kilogram consumer packs.
What are a manager's options if more control isn't possible? Identify and describe the various methods that managers can use to maintain control.
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