Practical Management Science
Practical Management Science
5th Edition
ISBN: 9781305250901
Author: Wayne L. Winston, S. Christian Albright
Publisher: Cengage Learning
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Chapter 12, Problem 54P
Summary Introduction

To show: The sum of the annual ordering cost and the annual holding cost increases by 2.5%.

Inventory and supply chain models:

The functions of inventory and supply chain are one of the most important business decision areas for an organization. The first important aspect of these concepts is to have adequate inventory on hand. The second important aspect is to carry a little amount of inventory as possible.

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a) Select all of the correct impacts the maturing of a product might have on OM strategy below. (Check all that apply.) A. Cost cutting is instituted. B. Inventory needs to be revised. C. Labor skills decrease. D. Product design needs to be revised. E. Design compromises are instituted. F. New human resources skills.
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Klassen Toy Company, Inc., assembles two parts (parts 1 and 2): Part 1 is first processed at workstation A for 10 minutes per unit and then processed at workstation B for 20 minutes per unit. Part 2 is simultaneously processed at workstation C for 12 minutes per unit. Work stations B and C feed the parts to an assembler at workstation D, where the two parts are assembled. The time at workstation D is 15 minutes. a) The bottleneck of this process is at minutes per unit (enter your response as a whole number).
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Inventory Management | Concepts, Examples and Solved Problems; Author: Dr. Bharatendra Rai;https://www.youtube.com/watch?v=2n9NLZTIlz8;License: Standard YouTube License, CC-BY