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1) What makes a constraint critical or active? Explain.
2) Jim has used the theory of constraints to maximize the production of his active constraints and match the production rate in the rest of his facility to the bottlenecks. Output of finished goods per week has improved by 15% and WIP across the facility has decreased 40%. But his efficiencies on some individual workstations have dropped by 50% and the boss feels that this is cutting into already slim profit margins. What is going on? What should he do?
Explain the differences between a 3rd party beneficiary and a 3rd party assignee. Why are assignments of contracts so important for our free enterprise economy?
Given forecast errors of 5, 0, - 4, and 3, what is the bias?
When linking marketing requirements and manufacturing strategy, what design approaches for shop floor system should be considered? JIT and Lean MRP and PAC MRP and JIT
Company A finds profit at $15,000 inadequate for expanding business. The bank is insisting on an improved profit picture prior to approval of a loan for some new equipment. Company
A manufacturing company sells its products directly to customers and operates 5 days a week, 52 weeks a year. The production department of this company can produce at the rate of 6
Consider a $1,000 par value, 7% annual coupon bond. The bond matures in 9 years. Assuming the bonds required return is 10%, what is its current yield? (Semi-annually compounding)
Differentiate between (1) exempt and non-exempt employees and (2) line and staff employees.
Some people argue that the matrix structure should be adopted only as a last resort because dual chains of command can create more problems that they solve. Discuss and provide exa
SSME is an acronym standing for "Service Sector Management Economics."
New fire stations are to be located in a city and the major of the city wants to decide where to locate the 2 fire stations. For planning purposes, the region has been divided into
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