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His cost to carry one unit is $100 per year per unit, and he has estimated that each order costs $25 to place. Using the EOQ model, how many should Ray order each time?
Within what values will 95.44 percent pf sample means of the process fall, if samples of n=16 are taken and the process is in control (random)?
Formulate a balanced transportation problem to minimize the daily cost of processing checks. Only formulation. Do not solve. Complete formulation must be presented.
Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure.
Many managers describe performance appraisal as the responsibility that they like the least. Why could it be done to improve the situation? Explain clearly and specifically.
Compute the forecast for 11th month using Exponential Smoothing Method in case the smoothing component, α=0.20.
Prepare a case by a conservative plant manager for maintaining the status quo until the returns are more obvious.
To what extend do you agree with the assertion that "in managing people in the current working environment, there is no need for the Scientific Management concept and the Theories X and Y"?
Assuming that a new battery has just been installed and the student brings one spare, fully charged battery with him, what is the probability that the laptop will perform reliably during a one-hour
The maximum daily demand is 550 sheets and 580 bars. Profit per ton is 40 per sheet and 35 per bar. What should be the optimal daily production mix?
A part that connects two levels should have a distance between the two holes of 4. Calculate the control limits, plot the control charts, and determine if the process is in control.
Discuss the historical origins of mental health services in the United States. Have students discuss how mental health services have changed in recent years.
what do you think happens in a company that creates teams just for the sake of having teams because it's a fad or just because it sounds good? how can this pitfall be avoided?
Set up the equations that can be solved to maximize the profit per week. What is the optimal solution? How many of each product should be made, and what should the resultant profit be?
Prepare a 1,050- to 1,400-word paper about the planning function of management. Various levels of management must plan differently (for example, senior management and front-line managemen
Corporate social responsibility issue (for example, fraud, pollution, public policy, etc). How might the new strategic planning have impacted the planning done by managers throughout the company?
if Jill is willing to increase the number of replenishment orders per year to six how do Q and r change? explain difference in r.
The company uses a stock-out cost of $400 per display and 40% of annual interest rate is used to compute holding costs. HK works 52 weeks in a year.
Sub-contracted to outside air carriers at a contribution of $0.20 per ton mile. What ‘‘mix'' of aircraft should be purchased if the company desires to maximize its contribution per day?
What are the values of the Cost Performance Index (CPI), and Schedule Performance Index (SPI) for this project?
how is the effectiveness of powers of 2 order interval related to the result of the previous problem regarding the effect of the demand forecasting error
Consider the above bolt example yet again assuming the demand 60 per week is correct. what is the least cost reorder interval under this restriction.
Reconsider the above problem suppose although we have estimated the demand as 60per week it turns out that it is actually 120 per week. what would the cost be if we used the optimum lot size.
The bolts cost the plant 2 cents each. it determine the optimal number of bolts for the plant to purchase and the time between the placement orders
Use the news vendor model to compute a purchase quantity of motherboards that balances the cost of lost sales and the cost of excess material.