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Christopher's Cranks uses a machine that is designed to produce 100 cranks per hour. The firm operates eight hours per day, five days per week. Due to operating constraints (regularly scheduled preventive maintenance) the firm can only run the machine during approximately 95% of the available time. Based on experience and constraints with other products, the firm expects to achieve an efficiency level for the cranks of 85%.
Q: Are service operations different from manufacturing operations? Ans: The immediate answer is yes. However, if we categorise operating systems by one of the variables mention
value chain analysis
Companies are now more and more interested in using intangible assets and human capital as a way to gain an advantage over competitors. True False
Layout Planning - Facility Layout Layout planning occurs at three levels of detail: 1. Layout of departments on the site For a public house, as an exampl
A manufacturer concerned mainly with production efficiencies and reducing unit costs is known as Production oriented.
Assume a company has 10 million shares of stock outstanding and that its Income Statement for Year 12 is as follows: Income Statement Data Year 12 (in 000s) Net Revenues from Footw
Analyze the different types of strategies discussed in previous section to determine which type of strategy is the most difficult for most organizations to implement. Provide speci
The National Labour Relations Act has been criticized as an outdated piece of legislation that is hindering, rather than helping, American cope with the realities of the new global
(1) The following table presents Mary's marginal utility for each of the four goods she consumes to exhaust her income. The price of Good 1 is $1, the price of Good 2 is $2, the p
What is industrial mnagement? Explain. Industrial Management: Industrial Management includes guidance, leadership and control or efforts of a group of individuals toward sev
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