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Standard deviation of lead time demand = 52 pounds (assume normality). What risk of stockout would result from a decision not to have any safety stock?
If a plant was designed to produce 7,000 hammers per day but is limited to making 6,000 hammers per day because of the time needed to change equipment between styles of hammers, what is the utiliza
The store had nine part-timers at 15 hours per week (assume four weeks in each month). Using sales dollars as the measure of output, what is the percentage change in productivity from April to May
Quantities sold, price per unit, ad labor hours follow. What is the labor productivity for each car? Explain the problem(s) associated with the labor productivity.
Under what circumstances do you think causal based forecasting is better than momentum based forecasting? And under what circumstances do you think momentum based forecasting is better than causal
Also calculate the overall return on investment of the project and then present a break-even analysis. At what point does break-even analysis occur?
Determine the number of reservations that can be accommodated in each rental class and whether the demand by any rental class is not satisfied.
The upper tolerance limit (UTL) is 12.15 and the lower tolerance limit (LTL) is 11.85 ounces assuming a 99.7% quality level is required (+/- 3 standard deviations)? Is the process capable?
C-Spec has determined that the machine has a sample mean of 4.001 inches with a standard deviation of 0.002 inches. Calculate the CPK for this machine.
Vollmer Manufacturing makes three components for sale to refrigeration companies. What are the right-hand-side ranges? Interpret these ranges for company management.
Thomas Kratzer is the purchasing manager for the headquarters of a large insurance company chain. What is the total annual inventory cost, including cost of the 6,000 units?
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. Find the annual ordering cost.
William Beville's computer training school, in Richmond, stocks workbooks with the following characteristics: What are the annual holding cost for the workbooks?
An invesgation of the company's manfacturing facility in Charlotte yields the information presented in the table below. How would the plant classify these items according to an ABC classification sy
Your organization seeks to introduce a new version of an automotive keyless entry fob. Identify at least one metric you could use to measure the process.
If the yuan is allowed to float freely against the U.S. dollar on the foreign exchange markets and appreciates in value, how might this affect the fortunes of those enterprises?
Workers receive $10 per day and machine and overhead cost is $120 and $100 per day respectively. Compute labor, material, machine and overhead productivity.
How many kilograms of Equal sweetener and Nutra sweetener should she purchase per day to minimize costs? How much is the total cost? Karen wants to solve the problem using graphical method.
A customer has specified that they require a process capability of Cp = 1.5 for a certain product. What can the company do if it is not capable of meeting these requirements?
The company would like to find the least cost-way to meet demands at each of the distribution centers. Dallas needs to receive 800 per month, atlanta needs 600, and denver needs 200.
What is the percent change in multi-factor productivity if Upton can reduce the energy bill by $1,000 without cutting production or changing any other inputs?
Assume that there are four weeks in each month. Using sales dollars as the measure of output, what is the productivity for the month of January?
A certain process is under statistical control and has mean value of M=130 and a standard deviation=8. Assuming a normal distribution, what percent of the product can be expected to fall outside the s
$70 per worker laid off; inventory holding, $10 per unit-month; straight-time labor, $10 per hour; overtime, $15 per hour; backorder, $20 per unit. Find the total cost of this plan.
Plan production for a four-month period: February through May. For February and March, you should produce to exact demand forecast.