Operations Management
13th Edition
ISBN: 9781259667473
Author: William J Stevenson
Publisher: McGraw-Hill Education
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Chapter 16, Problem 11DRQ
Summary Introduction
To define: The term “Makespan”
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1. explain operational risks and examples of such risk faced by management at financial institutions
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3. what is the rold of the core principles of effective bank supervision as it relates to operational risk, in the effective management of financial institutions.
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IM.82 A distributor of industrial equipment purchases specialized compressors for use in air conditioners. The regular price is $50, however, the manufacturer of this compressor offers quantity discounts per the following discount schedule:
Option Plan Quantity Discount
A 1 - 299 0%
B 300 - 1,199 0.50%
C 1,200+ 1.50%
The distributor pays $56 each time it places an order with the manufacturer. Holding costs are negligible (none) but they do earn 10% annual interest on all cash balances (meaning there will be a financial opportunity cost when they put cash into inventory). Annual demand is expected to be 10,750 units.
When there is no quantity discount (Option Plan A, the first row of the schedule listed above), what is the adjusted order quantity? (Display your answer to the nearest whole number.)
491
Based on your answer to the previous question, and based on the annual demand as stated above, what will be the annual ordering costs? (Display your answer to the…
Chapter 16 Solutions
Operations Management
Ch. 16 - Why is scheduling fairly simple for repetitive...Ch. 16 - Prob. 2DRQCh. 16 - What are Gantt charts? How are they used in...Ch. 16 - Prob. 4DRQCh. 16 - Briefly describe each of these priority rules: a....Ch. 16 - Why are priority rules needed?Ch. 16 - What problems not generally found in manufacturing...Ch. 16 - Explain forward and backward schedulings and each...Ch. 16 - Prob. 9DRQCh. 16 - Prob. 10DRQ
Ch. 16 - Prob. 11DRQCh. 16 - What general trade-offs are involved in sequencing...Ch. 16 - Prob. 2TSCh. 16 - Prob. 3TSCh. 16 - One approach that can be effective in reducing the...Ch. 16 - Doctors and dentists offices frequently schedule...Ch. 16 - Prob. 3CTECh. 16 - Use the assignment method to determine the best...Ch. 16 - Rework Problem 1, treating the numbers in the...Ch. 16 - Assign trucks to delivery routes so that total...Ch. 16 - Develop an assignment plan that will minimize...Ch. 16 - Use the assignment method to obtain a plan that...Ch. 16 - The following table contains information...Ch. 16 - Using the information presented in the following...Ch. 16 - The following table shows orders to be processed...Ch. 16 - A wholesale grocery distribution center uses a...Ch. 16 - The times required to complete each of eight jobs...Ch. 16 - Prob. 11PCh. 16 - A shoe repair operation uses a two-step sequence...Ch. 16 - The following schedule was prepared by the...Ch. 16 - The production manager must determine the...Ch. 16 - A foreman has determined processing times at a...Ch. 16 - Given the information in the following table,...Ch. 16 - Given the following information on job times and...Ch. 16 - Prob. 18PCh. 16 - The following table contains order-dependent setup...Ch. 16 - The following table contains order-dependent setup...Ch. 16 - Prob. 21PCh. 16 - Given this information on planned and actual...Ch. 16 - Given the following data on inputs and outputs at...Ch. 16 - Determine the minimum number of workers needed,...Ch. 16 - Determine the minimum number of workers needed,...Ch. 16 - Determine the minimum number of workers needed,...Ch. 16 - Prob. 1CQ
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