Carter on Contract/Part IV -- Parties to the Contract/Chapter 16 Capacity/3. MENTALLY DISABLED AND INTOXICATED PERSONS 3. MENTALLY DISABLED AND INTOXICATED PERSONS General principles: (1) A contract is voidable on the basis of mental incompetence arising from unsoundness of mind or intoxication if: (a) the defendant lacked capacity to contract; and (b) the plaintiff knew of the unsoundness of mind or intoxication. Lack of capacity to contract in relation to a transaction due to unsoundness of mind
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Stanford University Graduate School of Business September 2007 Littlefield Technologies: Overview Introduction Littlefield Technologies is a job shop which assembles Digital Satellite System receivers. These receivers are assembled from kits of electronic components procured from a single supplier. The assembly process consists of four steps carried out at 3 stations called board stuffing‚ testing and tuning. The first step consists of mounting the components onto PC Boards and soldering
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Production Planning and Inventory Control CTPT 310 Littlefield Simulation Executive Report Arlene Myers: 260299905 Rubing Mo: 260367907 Brent Devenne: 260339080 Miyaoka Scenario‚ Re: Littlefield Technology Simulation Game: Inventory Management Executive Summary At the onset of the game‚ we determined there were a few key things that had to be addressed to succeed. The first was to avoid stock outs which had already occurred in the first 50 days. We quickly moved to avoid stock outs
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April 8‚ 2013 Group Report 1: Capacity Management The following is an account of our Littlefield Technologies simulation game. The account includes the decisions we made‚ the actions we took‚ and their impact on production and the bottom line. Day 53 Our first decision was to buy a 2nd machine at Station 1. We did not have any analysis or strategy at this point. Nonetheless‚ this turned out to be a wise investment‚ since Station 1 was in danger of becoming a bottleneck in production
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Managing Customer Responsiveness at Littlefield Labs Background Littlefield Laboratories (LL) has opened another lab. The new lab uses the same process as the lab in the assignment “Capacity Management at Littlefield Labs” — neither the process sequence nor the process time distributions at each machine have changed. On day 0‚ the lab began operations with three preparers‚ one tester‚ and one centrifuge‚ and an inventory of 160 test kits. This left the lab with $1‚000‚000 in reserves. Customer
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Round 1 of Littlefield Technologies was quite different from round 2. We started the game with no real plan in mind unlike round 2 where we formulated multiple strategies throughout the duration of the game. Starting off we could right away see that an additional machine was required at station 2 to handle the dual processing load from station one and three. We purchased a machine for station 2 as soon as we gained control over the factory. Looking back now I can see that this could have been a risky
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Time T‚ Inventory I‚ Throughput rate R » Link through Little’s Law » Link to Financial Measures » Targeting improvement: CRU Computer Rentals Capacity and Flow Time Analysis » Pizza Pazza » Levers for Improvement Multi-product Capacity Management and Investment » Joint Marketing & Production Decisions » Optimal Capacity Investment » National Cranberry Cooperative S. Chopra/Operations/Process Analysis & Apps 1 How can operations help a company compete? The changing
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simulation. On day 131‚ my team decided to change the Station 2 scheduling rule to priority step 4‚ because we started to see a 100% utilization for Stations 1 at day 120‚ and maintained 100% utilization continuously as station 2 had an average capacity of 50.3% as shown in the graph below. At this point‚ our team should have reevaluated our decisions‚ and purchased a new machine for Station 1‚ in order to get production moving faster to Station 2. As our utilization was remaining at a constant
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Littlefield Simulation 2: Occupylittlefield With our second littlefield simulation complete‚ we have reinforced many of the concepts and lessons learned in class. We had a better understanding of the operation of the littlefield facility and how certain modifications would affect the throughput and lead time. Though we are pleased with our final results compared to the rest of the class‚ we see there is still room for improvement. We made many mistakes‚ but most importantly we have learned from
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Business Law 110 Capacity and Legality Question and Problems 1. In the United States the idea of an “age of majority” for granted; the only question is whether it should be 18‚ 19‚ or 21. Though in Great Britain there is no age at which a young person acquires the legal capacity to enter into a contract. British courts will not enforce contracts with immature minors. However‚ they make the decision of whether a person is too immature to enter into contract on a case-by-case basis. If the
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