Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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- Q4 Costs: LayoffHiringInventory Totals: 246 246 30,000 Costs: $246,000 $492,000 $30,000 Cost of plan:$768,000 Planning values Starting inventory: 2,500 Starting and ending workforce: 200 Hours worked per month per hour: 360 Hours per unit: 40 Hiring cost per worker: $2,000 Layoff cost per worker: $1,000 Monthly per-unit holding cost: $1 Forecasted sales:Month Forecasted salesMarch 1,827April 1,620May 1,440June 1,179July 1,611August 2,115September 2,637October 2,502November 3,150December 3,231January 2,826February 2,331arrow_forwardPlease answer fastarrow_forwardQUESTION 9 Consider a SKU with 276 picks forecasted during the planning horizon and an annual flow of 2000 ft. Suppose that: • the cost of picking from the forward fast-pick area is 1 minute per pick • the cost of picking from the reserve area is 4 minutes per pick • the cost of restocking the fast-pick area from reserve is 5 minutes per restock What is the labor efficiency of this SKU? Provide your answer to the nearest single decimal point.arrow_forward
- Question 4 If 10 pallets are received each 8-hour day, what is the average number of pallets in the system on any given day a. 10 pallets b. 4.713 pallets c. 4.375 pallets d. 1.25 pallets e. Impossible to determinearrow_forwardQUESTION 2 With quantity competition, horizontal mergers might be socially efficient but not profitable for the firms. O True O Falsearrow_forwardQUESTION 20 Integrating transaction processing systems (TPS) with ERP allows organizations to streamline services but does not reduce labor costs. Ⓒ True O False QUESTION 21 Organizations are using artificial intelligence in their data and network security policies to deal with the increase in cybersecurity threats and the decrease of the effectiveness of traditional security means. True False QUESTION 22 Project management software systems integrate the management of nearly all aspects of an organization. Ⓒ True False QUESTION 23 Project scheduling and financial transaction analysis are two functions provided by project management (PM) software. True O Falsearrow_forward
- a) Distinguish time related system and piece rate system.arrow_forwardQUESTION: How to perform simple calculations involving supply ordering, inventory control and budget control? Reminder for the expert: Please include the source of the informations (references) by APA format. This is related to Laboratory Management Subject.arrow_forwardHow to communicate requirement for a projectarrow_forward
- Question 2 What is the throughput time of a typical pallet? a. 222 minutes b. 90 minutes c. 10 minutes d. 210 minutes e. Impossible to determinearrow_forwardQuestion 5arrow_forwardQ. "You are also trying to convince Super Sweets owner to incorporate an ERP system to integrate the business processes of the organization. In this activity, you are producing a paper illustrating how the problems and/or challenges that may occur during the production planning process can be best solved by integrated ERP systems." Identify the use of any necessary resources: 1) At least ten problems that may emerge in the preparation processes for sales and operational activities (SOPs) and material specifications (MRPs); 2) The way an integrated ERP framework can be used to solve your perceived problems/challenges.arrow_forward
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