both intensified competition‚ and a lack of ability to react to turbulent market conditions. The company has become very concerned about this situation and is struggling to more tightly control its costs. Until now‚ management had paid little attention to the influence of logistics on their costs: distribution was organized according to a routine dating back to the inception of the division’s operations. Indeed‚ logistical decisions tended to follow a logic of geographical proximity of the
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AN ANALYSIS ON INVENTORY MANAGEMENT AT WHIRLPOOL OF INDIA LIMITED‚ PUDUCHERRY ABSTRACT Every organization needs inventory for smooth running of its activities. It serves as a link between production and distribution processes. The investment in inventories constitutes the most significant part of current assets/working capital in most of the undertakings. Thus‚ it is very essential to have proper control and management of inventories. The purpose of inventory management is
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Conclusion Christine Reuter III. Table of abbreviations OCL Object Constraint Language OMG Object Management Group OMT Object Modeling Technique OOPSLA Object-oriented Programming Systems‚ Languages‚ and Applications UM Unified Method UML Unified Modeling Language IV. Table of figures Figure 1: Development of UML 3 Figure 2: Diagram Overview 5 Figure 3: Activity node 7 Figure 4: Action 7 Figure 5: Control flow and connectors
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Logistics Network Configuration Designing & Managing the Supply Chain Chapter 2 Byung-Hyun Ha bhha@pusan.ac.kr Outline Case: Bis Corporation What is logistics network configuration? Methodology Modeling Data Aggregation Validation Solution Techniques Case: the Bis Corporation Background Produce & distribute soft drinks 2 manufacturing plant 120‚000 account (retailers and stores)‚ all over the US 3 existing warehouse (Chicago‚ Dallas‚ Sacramento)
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NLP Meta-Modeling 1 NLP Meta-Modeling questions: The art of exploring the deep structure of a person‟s model Aruna Jyothi Kornana Research Methodlogy Prof. Pramod Pandey‚ Centre for Linguistics School of Language‚ Literature and Cultural Studies‚ JNU Novemeber 26‚ 2010 NLP Meta-Modeling 2 NLP Meta-Modeling Questions: The Art of Exploring the Deep Structure of a Person‟s Model The aim of this project was to analyse the role of one of the most important models of Neuro-Linguistic
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products. Chuck questioned if the current cost-management system was providing the management with accurate data about product costs. In a traditional‚ volume-based product-costing system‚ only a single predetermine overhead rate is used. All manufacturing-overhead costs are combined into one cost pool‚ a grouping of individual indirect cost items‚ and they are applied to products on the basis of a single variable that costs over a given time span (cost driver) that is closely related to production
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have done above is a “full-cost” analysis. This is in contrast to a “direct-cost” analysis that ignores overhead costs. Is full cost the right metric for job profitability and customer profitability? What assumptions are we making about the variability of overhead costs when we do a “full-cost” analysis? By allocating the overhead costs to jobs and customers there is an implicit assumption that these are variable with the cost driver. In reality‚ some of the overhead costs are fixed‚ at least in the
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Modeling‚ decision making‚ and optimization In practical life‚ we have to continually make decisions. Making decisions are required for solving problems so that we can increase our opportunities and make life much easier and beneficial. There are many alternatives for making decisions‚ but making a rightful decision is a harder task. Evaluating these alternatives and choosing the best course of action represents the main essence of decision analysis. For analyzing various decision
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Plant overhead $122‚000 D/L rate/hour $30 Youngstown has a traditional cost system. It calculates a plant-wide overhead rate by dividing total overhead costs by total direct labor hours. Assume‚ for the calculations below‚ that plant overhead is a committed (fixed) cost during the year‚ but that direct labor is a variable cost. 1. Calculate the plant-wide overhead rate. Use this rate to assign overhead costs to products and calculate the profitability of the four products. The assignment
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CHAPTER 6 PRODUCTION EXERCISES 4. A political campaign manager must decide whether to emphasize television advertisements or letters to potential voters in a reelection campaign. Describe the production function for campaign votes. How might information about this function (such as the shape of the isoquants) help the campaign manager to plan strategy? The output of concern to the campaign manager is the number of votes. The production function has two inputs‚ television advertising and
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