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The 3M incorporate produces solar cell panels, and the production rate can be 8,000 pieces per day. The demand for the solar panel is 30,000 pieces per month. The fixed cost of setting up a production run is $1,500. The variable cost of production is $100 per item. The holding costs are based on 25% annual interest rate. Assume there are 250 working days a year.
a) What is the optimal size of production run for this kind of solar cell panel?
b) what proportion of each production cycle consists of uptime and what proportion consists of downtime?
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Prepare a report that addresses the following issues: The optimal quantities of products and the necessary quantities of labor and materials.
A company that makes kitchen faucets has found that demand for its model faucet is fairly constant at the rate of 100,000 units per year. Each model of faucet is made using the same equipment.
You're an IKEA store manager, and corporate headquarters has instructed you to change the layout of your store. The change must be "dramatic," but the details are up to you.
Which ground modification methods may be used to address this problem, and which methods are appropriate for stabilizing this type of soil?
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The park commissioner would like to open the park to the public within six months from the time the work on the project is started. Does this opening date appear to be feasible? Explain.
Considering the ecological succession of barren dunes to an oak community using a Markov Chain. In this simple model, it is assumed that there are three states for a specic ecological region.
What kind of industries does a localization strategy makes sense? Why? When does a global standardization strategy make most sense? Why?
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