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A manufacturing company forecasts to sell 440 units in May. They have orders for 95 units in week 1, 80 units in week 2 and 4 units in week 3. Safety stock is 50 units. the product is made in fixed lots of 200 units. They begin May with 140 units in stock. What quantity does MPS schedule for week 3?
A firm has a large pool of clerical employees who process insurance application forms. When the firm hires a new clerical employee, it takes that person about 48 minutes to process a form.
Compare and contrast the transport principles of economy-of-scale and economy-of-distance. Illustrate how they combine to create efficient transportation. Discuss and illustrate the economic justification for establishing a warehouse. When is most su..
In your own words, define risk. What are the four functions of risk? How can these four functions be used to make risk decisions? List the factors that affect risk perception in the workplace. How can an industrial hygienist determine how much ris..
Do you feel that special interest groups have too much power in politics today? Why or why not? Do you think we should allow these interest groups to function as they currently do? why or why not? What do you think would happen to our nation if we di..
What is a hospitals responsibility to provide care to the indigent and how does the responsibility differ among emergent care, non-emergent care, private hospital, public hospital, profit and not for profit hospitals?
Do freedom and individual rights have a universal meaning or should they be defined differently in different countries?
If you invest $700 today in an account that pays 6.5 percent compounded semi-annually, how much will be in your account after eight years? What is the effect of compound interest?
What factor would assist in accurately predicting the final cost outcome of a project?
The fire department has a number of failures with its oxygen masks and is evaluating the possibility of outsourcing preventive maintenance to the manufacturer. Because of the risk associated with a failure, the cost of each failure is estimated at $2..
compare and contrast jit mrp and synchronized manufacturing stating their main features such as where each is or might
What is your expected outcome for attempting this venture? Solve this problem using a decision tree and clearly show all calculations and the expected value at each node.
In Master Production Schedule Stability time fencing is shown as an extension of the freeze concept. In the manufacture of bicycles, describe this concept in your own words.
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