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- China effectively shuts down for two weeks each year and celebrates the lunar new year. How does that resemble (or not) peak season in Western countries?A manager is attempting to put together an aggregate plan for the coming nine months. She has obtained a forecast of expected demand for the planning horizon. The plan must deal with highly seasonal demand; demand is relatively high in periods 3 and 4 and again in period 8, as can be seen from the following forecasts: Period 1 2 3 4 5 6 7 8 9 Total Forecast 190 230 260 280 210 170 160 260 180 1,940 The department now has 20 full-time employees, each of whom can produce 10 units of output per period at a cost of $6 per unit. Inventory carrying cost is $5 per unit per period, and backlog cost is $10 per unit per period. The manager is considering a plan that would involve hiring two people to start working in period 1, one on a temporary basis who would work only through period 5. This would cost $500 in addition to unit production costs. a. What is the rationale for this plan?Make a plan on a specific sport event you want to have in your community following the steps in organising a sport event. Don't forget to consider availability of resources and facilities available in your community as well as the interests of the people living in it. This is the format: Name of the Community: 1. Planning Sport Event: Objectives of the Sport Event: Theme for the Event: Venue/available facilities in the community to be used in the event: Initial Budget/Source of Budget: 2. Organizing Program and Schedule: Policies: 3. Staffing Designate people/staff needed in the event and their duties Designation Duties
- An electrical contractor's records during the last five weeks indicate the number of job requests: Week: 1 2 3 4 5 Requests: 25 27 25 26 27 Click here for the Excel Data File Predict the number of requests for week 6 using each of these methods:Today you got the budget approval from the Vice President to schedule the training session and pay Prof. Jim Salu his professional fee and reimburse him for expenses up to GH¢500.00. He will have to submit all receipts and an itemised list of expenses to be reimbursed. You cannot reimburse him if he does not have receipts. You also have to explain the mechanics of the training session. You will use the company conference room, which has a screen, flip charts an overhead projector and VCR, but you will need to reserve them if the Professor wants to use them. Write a letter to Professor Jim Salu. You do not have to persuade him since he had already informally agreed, but you do want him to look forward to the job and to do his best work.A company is setting up an assembly line to produce 90 units per hour. The table below identifies the work elements, times, and immediate predecessors. Work Element Time (Sec.) Immediate Predecessor(s) A 25 - B 18 A C 20 A D 5 B, C E 12 C F 8 E G 16 D, F H 12 G Use one of the heuristic decision rules described in Table below to balance the assembly line so that it will produce 90 units per hour. Clearly state the decision rule you use and complete the below table using the selected rule. Decision Rule Logic Longest work element Picking the candidate with the longest time to complete is an effort to fit in the most difficult elements first, leaving the ones with short times to “fill out” the station. Shortest work element This rule is the opposite of the longest work element rule because it gives preference in workstation assignments to those work elements that are quicker. It can be tried…
- Is the following statement correct? Vertical integration is the process of a company expanding its operations either backward into an industry that produces inputs for the company’s products, such as raw materials or product components. For example, producing car batteries is an input of the automotive industry but can also be integrated vertically. Vertical integration can also be done forward into an industry that uses, distributes, or sells the company's products and it moves to the final delivery of the product to the customer. The parallel shifts from car ownership to the mobility of demands change the automotive industry. Car manufacturers test different business models, such as car sharing, in order to morph into mobility providers which is a typical forward integration strategy. Please choose an answer: True Not correctA manager is attempting to put together an aggregate plan for the coming nine months. She has obtained a forecast of expected demand for the planning horizon. The plan must deal with highly seasonal demand; demand is relatively high in periods 3 and 4 and again in period 8, as can be seen from the following forecasts: Period 1 2 3 4 5 6 7 8 9 Total Forecast 1 2 3 4 5 6 7 8 9 TOTAL 190 230 260 280 210 170 160 260 180 1,940 The department now has 20 full-time employees, each of whom can produce 10 units of output per period at a cost of $6 per unit. Inventory carrying cost is $5 per unit per period, and backlog cost is $10 per unit per period. What is the total inventory cost?Eight Glasses A Day: The EGAD Bottling Company has decided to introduce a new line of premium bottled water that will include several designer flavors. Marketing manager Georgianna is predicting an upturn in demand based on the new offerings and the increased public awareness of the health benefits of drinking more water. She has prepared aggregate forecasts for the next six months, as shown, Month May June July Aug Sep Oct Total Forecast 50 60 70 90 80 70 420 Production manager Mark Mercer, has developed the following information. (Note: Costs are in thousands of dollars). Regular production cost: $1 per tankload Regular production capacity: 60 tankloads Overtime production cost: $1.6 per tankload Subcontracting cost: $1.8 per tankload Holding cost: $2 per tankload per month Back ordering cost: $5 per month per tankload Beginning inventory: 0 units Among the strategies being considered are: 1. Level production supplemented by up to 10 tank loads a month from overtime 2. A…
- Prepare a Master Production Schedule (MPS) for an Agri-Chemical company in Malawi given the following information: The forecast for each week of an eight-week schedule is 50 units. The MPS rule is to schedule production if the projected on-hand inventory would be negative without it. Customer orders (committed) are as follows:Week Customer Orders1 522 353 204 12Use a production lot size of 75 units and no beginning inventory.Magical Toys is a South African toy store chain. The toys are sold in their five stores and from their own Web shop. Each Tuesday, management needs sales reports from last week's activities. Work at the stores is hectic, so usually at least one store fails to deliver the report, making it impossible to sum up the previous week's sales. The reports, sent by email as spreadsheets, sometimes have inconclusive or erroneous data, and following up means that employees are unable to give their full focus to the customers. Some errors in the spreadsheets may also cause the purchasing manager to place unnecessary purchase orders. (a) What are the main issues that Magical Toys faces in the absence of an information system? (b) How could an information system be of help, and what issues can an information system not solve?Suppose you plan to buy a new car and wish to pick a best one from a list of candidate models, shown in Table 1. To make this decision, you have designated a specialist to rate these models for you. In Table 2, each model has been given a score from 1 (the least desired) to 10 (the most desired) according to respective criteria. The weight of each criterion, representing its importance, is given in the bottom row of Table 1. Please calculate the overall score for each car model and find out the best alternative with the highest overall score. Table 1 Alternatives and Criteria of Selecting Car Price Fuel Efficiency Maintenance Access Interior Aesthetics Overall Score 1. Toyota Camry 8 8 7 9 2. Hyundai Elantra 9 8 5 8 3.Skoda Octavia 7 7 7 8 4.VW Passat 7 7 8 7 5.Citroen C4 7 8 7 9 Weights 0.3 0.4 0.2 0.1 China Eastern Airlines…