George’s T-Shirts Synopsis: George Lassiter was a project engineer for a major defense contractor. He had an interesting side business of manufacturing and designing T-shirts for rock concerts‚ sporting events‚ and fund-raising events. George sold the shirts to his regular crew of vendors for $100 per dozen‚ and these vendors sold the public for $10 per shirt. He wanted to sell his shirts on a rock concert that was going to be held in two months. He was sure that 20‚000 tickets
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George’s T-Shirts By Quantitative Analysis for Managers (MANA 6302 - NI) George Lassiter‚ a project manager for a defensive contract was also an owner for a successful side business of designing and manufacturing T-Shirts for special events for the past six years. He sold the T-Shirts to his vendors for $100 a dozen‚ while they sold them for $10 each making a profit of $1.67 on each shirt. This report is surrounded by a problem faced by George about decisions concerned about the appropriate
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"The Happy Man’s Shirt" - an Italian Folktale‚ retold. Once there was a king named Giphad. He ruled over a very peaceful yet powerful kingdom. His people all loved and adored him. All was perfect in his kingdom. Except for his son‚ Jonash. The king’s son was very unhappy for no known reason. He would always sit in his room staring blankly out the window over the lands‚ frowning. The king addressed his son: "What on earth has upset you‚ Jonash? What is it that you lack? What is making you so
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OPERATIONS MANAGEMENT-1 EXECUTIVE SHIRT COMPANY Group Members: Introduction The executive shirt company is a well known brand in apparel industry having varieties of high quality standard size readymade shirts which were competitively priced also. Foreseeing the tremendous opportunity in custom shirt market‚ the general manager Mr. Dwight Collier decides to venture in to this new product segment. As the existing custom sized dress shirt market commanded a substantial high price of 75% more
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Red Plaid Shirt Where are the memories of our pasts held? In scrapbooks full of photographs‚ or perhaps written on the pages of a locked diary? Picture though‚ something as simple and ordinary as a closet full of clothes. Think about its contents‚ where they have been worn‚ what they have been through‚ the stories attached to each item. The nameless protagonist of Diane Schoemperlen’s short story Red Plaid Shirt does this as she recalls a snippet of her past life with each article of clothing
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Executive Shirt Company‚ Inc HBR Case Study Existing Business • Executive Shirt Company (ESC) provides high-quality‚ competitively-priced men’s dress shirts • With the existing production system‚ custom-made shirts demand at least 75% higher price compared to off-the-shelf shirts • Customers are required to wait 6 weeks or longer to receive custom-sized shirts Expansion of Business • General Manager Dwight Collier decided to expand company’s product line • Several retailers expressed enthusiasm
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In the Italian tale‚ The Happy Man’s Shirt‚ one of the themes is that happiness is not defined by what a person has. An example of this is at the beginning‚ when the king realizes that his son is always unhappy. “‘What on earth do you lack?’ asked the king. ‘What’s wrong with you?’ ‘I don’t even know myself‚ Father.’ ‘Are you in love? If there’s a particular girl you fancy‚ tell me‚ and I’ll arrange for you to marry her‚ no matter whether she’s the daughter of the most powerful king on earth or the
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manufactures and designs special events T-shirts. He has owned this lucrative T-shirt business for six years and designed T-shirts for “special events” such as rock concerts‚ major sporting events‚ and special fund-raising events‚ provided cleverly designed‚ well-produced‚ and reasonably priced products. His product was not endorsed by event sponsors. He sold the shirts to his regular crew of vendors for $100 per dozen‚ and these vendors sold the public for $10 per shirt. Apart from this he was distributing
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Executive Shirt Comapny Question # 1 The table for current production‚ Mike and Ike’s plan is given below: Current Process Mikes Plan Ike’s Plan Regular Shirts Regular & Custom Shirts Regular Shirts Custom Shirts Actual Cycle Time (min/shirt) 0.5 0.5 0.67 3.9 Manufacturing Lead Time (days) 12.25 2.06 12.58 0.41 WIP inventory (shirts) 11760 1980 9060 50 Production Capacity (Shirts/day) 960 960 720 123 Current Production(Shirts/day) 800 900 800 100 Capacity utilization 83.33% 93.75% 111.11%
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What are the possible financial outcomes if George orders 5‚000 shirts‚ 7‚500 shirts and 10‚000 shirts‚ respectively? Based on the information given in the case‚ the expected number of attendees is: E(x) = 80‚000*0.25 + 50‚000*0.5 + 20‚000*0.25 = 50‚000 people Selling price per shirt: $100/12 = $8.33 Discount price: $1.5 Scenario 1: Assumption: George orders 5000 T-shirts; cost: $17‚750; the number of attendees buy his T-shirts are 5%‚ 10% and 15% respectively The possible financial outcomes
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