Let us prepare an inventory system for EG151 exhaust gasket: First we sum up the gasket sales/demand for the 21 weeks that is given to us. This gives us a total of 2142 gaskets for 21 week period if we divide it by 21 we get average weekly sales of 102 gaskets. As the lead time for gaskets is two weeks we multiply this quantity by 2 and we get a figure of 204. We take a safety stock level of one week as this is the half of the lead time and we add this to the figure of 204 and we get a
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9. Linear programming models are used by many Wall Street firms to select a desirable bond portfolio. The following is a simplified version of such model. Solodrex is considering investing in four bonds: $1‚000‚000 is available for investment. The expected annual return‚ the worst-case annual return on each bond‚ and the duration of each bond are given in Table 15. The duration of a bond is measure of the bond’s sensitivity to interest rates. Solodex wants to maximize the expected return from its
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The Ploughman family farm owns and operates a 640-acre farm that has been in the family for several generations. The Ploughman always have had to work hard to make a decent living from the farm and have had to endure some occasional difficult years. Stories about earlier generations overcoming hardships due to droughts‚ floods‚ etc.‚ are an important part of the family history. However‚ the Ploughman enjoy their self-reliant lifestyle and gain considerable satisfaction from continuing the family
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www.jntuworld.com www.jwjobs.net 1 Code: 9A05603 III B. Tech II Semester (R09) Regular Examinations‚ April/May 2012 OPTIMIZING TECHNIQUES (Common to Computer Science & Engineering & Computer Science & Systems Engineering) Time: 3 hours Max Marks: 70 1 (a) (b) 2 Answer any FIVE questions All questions carry equal marks ***** State the necessary and sufficiency conditions for the minimum of the single variable function f ( x ) . Find the minimum of the function: f
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AGUILA RECOVERY MANAGEMENT INC. #5 East Capitol Drive Cor. Sta Rosa St. The Praxedes Place Bldg. Brgy Kapitolyo Pasig City Trunk line Number (02) 634-6758 / 636-3238 EMAIL : rojh.aguila@armcollections.com January 7‚ 2013 MPA 0004 - 12 Ms. Virginia F. Ladao 107 A 7th Ave. East Rembo Makati City Re: Metrobank Visa Card: 4055987627435005 Dear Ms. Virginia‚ This is to inform you that your request for payment
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PROBLEMS 1. Lead time for one of Montegut Manufacturing’s fastest moving products is 4 days. Demand during this period averages 100 units per day. What would be an appropriate re-order point? Re-order point = demand during lead time = 100 units/day * 4 days = 400 units. 2. Montegut Manufacturing produces a product for which the annual demand is 10‚000 units. Production averages 100 per day‚ while demand is 40 per day. Holding costs are $1.00 per unit per year; set-up costs $200.00
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Sales and Operations Planning | | TRUE/FALSE 1. The sales and operations plan is a statement of a company’s production rate‚ workforce levels‚ and inventory holdings based on estimates of customer requirements and capacity limitations. • Answer: True • Reference: Introduction • Difficulty: Easy • Keywords: sales‚ operations‚ plan‚ production‚ rate‚ workforce 2. A production plan is another name for a manufacturing firm’s sales and operations plan.
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quarters of its cafes stationed in its home marketplace. Starbucks has become a successful global coffee brand business due to their application of specific operations management principles. The company handles specific operations management issues such as design of goods and services‚ management quality‚ location strategy‚ layout strategy‚ process and capacity design‚ supply chain management‚ scheduling‚ maintenance‚ inventory management‚ human resources‚ and job design in an extremely positive
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1. The organization’s name and main line of business: FEDEX Corporations – Logistics 2. Specific type of operation: Air and Ground Delivery Specializing in Next Day Delivery 3. Describe the nature of operations process given your newfound understanding of operation management and productivity: a. Service and product design: i. Supply Chain management ii. Next Day Delivery Services b. Quality management – Customer oriented business “People First Philosophy” c. Process and capacity –
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aspects of Hannan prints supply chain network‚ its plans and the implementation of strategy. By putting into practice different supply chain approaches‚ the firm will increase the benefits of supply chain network. In this report we have focused on supply chain inventory management and technology selection practices and how it is beneficial for the firm. In the firm operations are linked with different strategies. For example the change in supply chain has an effect on inventory management as well
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