Q.1 Compute the following quantities for the current production process as well as for Mike’s and Ike’s plans‚ assuming the plans are implemented as described in the case. (50 points) | Current ProcessRegular Shirts | Mike’s PlanRegular & Custom Shirts | Ike’s PlanRegularShirts | Ike’s PlanCustom Shirts | Actual Cycle Time (min/shirt) | 0.5 | 0.5 | 0.67 | 3.9 | Manufacturing Lead Time (days) | 0.815 | 0.052 | 1.056 | 0.058 | WIP inventory (shirts) | 11760 | 1980 | 9060 | 48 | Production
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SAMPLE CASE ANSWER 2. Calculate the expected rate of return on each of the four alternatives listed in Table 1. Based solely on expected returns‚ which of the potential investments appears best? The expected return is the weighted average of the estimated returns in the different states of the world‚ where the probabilities of each outcome are the weights. Each outcome is multiplied by its probability and all products are then summed together. Expected Return can be calculated with the
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TEN STRATEGIC OM DECISION 1. Supply-chain management – It talks about the threshold questions such as “what is to be made” and “what is to be purchase.” In this case‚ buyer and seller relationship exists. Mutual trust and confidence are present between the seller and buyer which are vital for a transaction to be closed of successful. 2. Scheduling – it talks about feasible and efficient schedule of production such as proper allocation of time that is segregated from one activity to another
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Student’s Name: Nevine El Toukhi Class : 45C Case 01 : Predicting Performance Alix’s Problem Alix Maher is the new admissions director at a small‚ highly selective New England College. She has a bachelor’s degree in education and a recent Master’s Degree in educational administration. But she has no prior experience in college admissions. In spite of Alix’s predecessor had given Scholastic Aptitude Test (SAT)‚ scores (40 %)‚ weights to student selection criteria; Alix has serious reservations
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Iligan City REAL WORLD CASE 1: Toyota Europe‚ Campbell Soup Company‚ Sony Pictures‚ and W.W. Grainger. Making the Case for Enterprise Architects Toyota Europe‚ Campbell Soup Company‚ Sony Pictures‚ and W.W. Grainger. Making the Case for Enterprise Architects Submitted to: Professor Adrian Galido‚ PhD Submitted by: Sandee Angeli M. Villarta September 4‚ 2013 Toyota Europe‚ Campbell Soup Company‚ Sony Pictures‚ and W.W. Grainger. Making the Case for Enterprise Architects
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Operations Management Assignment Dominos LLC Prepared by Group 8 Achyut Gandham Anuj Wilson Biranchi Tripathy Sudarshan Garg Wisallaya Thaithammayanon Zafar Shah MBA Challum 2011/12 9th December 2011 Word Count – 5‚970 Operations Management Assignment Table of Contents Table of Contents ............................................................................................................. i 1 2 2.1 2.2 2.3 2.4 2.5 2.6 2.7 2.8 2.9 Executive Summary ............................
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Case question 1 Variable manufacturing costs as a percentage of sales and the markup on variable manufacturing cost to establish the selling prices for each of the three product lines in 2008 en 2010: Compared markup 2008 and 2010: The markup is lower in 2010 because Luxor lowered the selling prices for lipstick in 2009 and for nail polish in 2010. They had to do this because the discount chains continued to put pressure on them to reduce the prices for lipstick and nail polish. Case
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The Increase in Prices of Commodities Indicates the Global Interconnectedness of Markets | Topic | Supply and Demand | News Story | It all has to start somewhere. The global increase in demand for raw inputs—fuel‚ energy‚ steel—has created an increase in demand in other markets as well. And there may not be an end in sight. Fueled primarily by growth in developing nations such as India and China‚ demand for raw inputs has skyrocketed. Copper has tripled in price over the last five years;
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HISTORICAL SUMMARY YEAR CONCEPT TOOL ORIGINATOR 1910s - Principles of scientific management - Industrial psychology - Moving assembly line - Economic lot size Formalized time-study and work-study concepts Motion study Activity scheduling chart EOQ applied to inventory control Frederick W. Taylor (U S.) Frank and Lillian Gilbreth (U.S.) Henry Ford and Henry L. Gantt (U.S.) F. W. Harris (U.S.) 1930s - Quality control - Hawthorne studies of worker motivation. Sampling
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sugar look like from the point of view of the U.S. market? _The world supply of sugar looks perfectly elastic (horizontal) from the point of view of the U.S. market‚ at a price of 8.3 cents per pound. This conclusion comes from two statements in the case: "Annual world sales of sugar amount to roughly $100 billion" and "Thus‚ for our analysis the 2001 world price of 8.3 cents per pound is assumed to be constant outside the United States." In other words‚ because the U.S. sugar market is a small fraction
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