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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?
Should health care workers receive the flu vaccine? I f not why not?
Problem : Describe how managers may use Queuing Models in the decision making process. Consider there is only one photocopy machine in your organisation. On a typical day, a
Come up with 3 businesses that do not need technology to compete, and then demonstrate how technology can help your suggestions be more successful. For example - a hot dog stand. F
Case 1: You are a consultant for a Fabric company that burned down, this company was the only source of income for many of the town people they all worked there, as a consultant to
would you give an example ? haw it calculate.?
It is Monday 3rd of June and Sarah is delighted that at the end of last week her staff managed to finish all the outstanding jobs. Sarah is in charge of a proofreading department a
Explain the term Marketing and Selling. Marketing and Selling : The marketing theory is a management orientation which holds that the key task of the organization is to find o
steps involved in strategy formulation
Optimal Capacity Determination For a given capacity of a plant the average unit cost of production of a product decreases as the output rate( say in number of units produced p
What is Prime Cost? The sum of Direct Labour Cost, Direct Expenses and Direct Material Cost is Prime Cost.
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