Business, 15.10.2020 08:01 webbhlharryteach
Yu Amy Xia has developed a specialized airtight vacuum bag to extend the freshness of seafood shipped to restaurants. She has put together the following demand cost data:
QUARTER FORECAST (UNITS) REGULAR TIME OVERTIME SUB-CONTRACT
1 500 400 80 100
2 750 400 80 100
3 900 800 160 100
4 450 400 80 100
Initial inventory = 250 units
Regular time cost = $1.00/unit
Overtime cost = $1.50/unit
Subcontracting cost = $2.00/unit
Carrying cost = $0.20/unit/quarter
Back order cost = $0.50/unit/quarter
Yu decides that the initial inventory of 250 units will incur the 20C/unit cost from each prior quarter (unlike the situation in most other companies, where a 0 unit cost is assigned).
a. Find the optimal plan using the transportation method.
b. What is the cost of the plan?
c. Does any regular time capacity go unused? If so, how much in which periods?
d. What is the extent of backordering in units and dollars?
Answers: 1
Business, 22.06.2019 01:40
Suppose general motors demands labor according to the labor demand function 푤푤= 40−0. 5퐸퐸, where 푤푤 is the hourly wage and 퐸퐸 is the number of employees. the united auto workers union has a utility function given by 푈푈=푊푊∗퐸퐸. a.in 1984, the united auto workers union started negotiations with general motors by assuming that they were a monopoly union. find the wage and employment demands that the united auto workers union would have demanded before any bargaining began. b.if general motors and the united auto workers union both had excellent bargaining representatives, would this be the final labor contract? if not, then explain in words and graphically where they would end up after the bargaining process.
Answers: 1
Business, 22.06.2019 08:10
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Answers: 3
Business, 22.06.2019 12:50
Afirm’s production function is represented by q(m,r) = 4m 3/4r1/3, where q denotes output, m raw materials, and r robots. the firm is currently using 6 units of raw materials and 12 robots. according to the mrts, in order to maintain its output level the firm would need to give up 2 robots if it adds 9 units of raw materials. (a) true (b) false
Answers: 3
Yu Amy Xia has developed a specialized airtight vacuum bag to extend the freshness of seafood shippe...
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