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Global minimum manufactures bikini swimming suits. Their products demands are highly seasonal. The demand forecasts over the next four quarters are: Quarter 1 - 850 dozen suits, Quarter 2 - 1800 dozen suits, Quarter 3 - 1600 dozen suits, and Quarter 4 - 500 dozen suits. The company can produce 1200 dozen suits per quarter. So inventories must be built up two meet peak demand. The unit holding cost is $15 per dozen per quarter. The company will have 1500 dozen suits in inventory at the beginning of Quarter 1. The company wants to meet demand and minimize inventory cost.
Formulate an LP to determine a production plan which minimizes the inventory cost and meets the demand on time in the next four quarters. Then solve it using What's Best to find an optimal production plan
Discuss several advantages of using the M/M/1 waiting line queuing model. Clearly explain the reasons for your choices.
suppose you as the manager of boston bbq decide you would like to include more than just number of customers to predict
leaders must frequently address competing needs of work groups. conflict can arise when groups vie for limited
Complete the external environment scan for Apple Inc. Perform an internal competitive environment scan for Apple
Read Zappos 2009: Clothing, Customer Service and Compnay Culture. Submit a report addressing the following. Describe the history of Zappos.
What is the dealers optimal decision without conducting the survey?
many consumers and consumer advocates are critical of individualized segmentation approaches due to personal privacy
Sid Das Brick Distributors currently employs 1 worker whose job is to load bricks on outgoing company trucks. An average of 24 trucks per day, or 3 per hour, arrive at the loading platform, according to a Poisson distribution.
After some thought, you feel that it might be embarrassing if you run out of shillings and need to ask to convert additional dollars, so you really do not want to run out of shillings
Illustrate what Leadership actions you would take to adapt your business should subsequent happen in first three years of operations.
1 briefly discuss the three important trends in business that have focused attention on operations and supply chain
Illustrate what are three examples of businesses that use some sort of device to electronically collect information that can be used for forecasting.
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