Please try to solve it within 1 hour 1. A manufacturing facility orders high-strength bolts from an outside supplier. The demand forbolts is high, since they are used in a variety of end products manufactured at the facility.Estimated demand (in thousands) over the next 10 weeks is:Week23457810Demand 2234321284454167630The bolts cost 65 cents each and the interest rate used to compute the holding cost is 0.5 percent perweek. The fixed order cost is estimated to be $200. (Hint: Express h as the holding cost per thousandunits.)a. What ordering policy is recommended by the Silver-Meal heuristic?b. What ordering policy is recommended by the part period balancing heuristic?c. What ordering policy is recommended by the least unit cost heuristic?d. Which method resulted in the lowest-cost policy for this problem?

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Answered: 1. A manufacturing facility orders…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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state whether or not each situation would be considered “compensable time” (and why or why not). An employee of a fast food chain has to arrive at work 15 minutes early to change into the“mascot” costume and it typically takes another 15 minutes at the end of the shift to change outof the costume and properly store it. Due to the cost of the costume, employees are notallowed to take the costume home. The “mascots” typically work from 10am – 2pm, to coverthe lunch rush periods. How much time would be “compensable” for the mascots, assumingthe conditions/schedule listed above?2) George is a Radiology Technician at a local hospital and when on call, is required to be nofurther than 30 minutes away from the facility. Is the “on call” time, compensable?
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Case: The Drop-In Visitor As the door closed behind her departing visitor, Jumanji Residential Supervisor Janet Mills glumly reflected that she had just lost an hour that she could ill afford to lose. She would either have to forego the schedule she was working on or be later for an upcoming meeting. The hour had been lost because of a visit from a pleasant but marginally aggressive sales representative trying to acquaint her with "the greatest little thing to come along". As was her practice, Janet consented to see the visitor although she resented the intrusion. This incident, occurring on a Friday, made Janet realize that she had lost time to four such drop-in visits this week alone. She did not like the idea of simply saying no or otherwise trying to avoid people who wanted to see her, but she was becoming more aware that her work was beginning to suffer because of such demands on her time. Questions: 1. Describe how stress can be both positive and negative.

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