OM (with OM Online, 1 term (6 months) Printed Access Card)
6th Edition
ISBN: 9781305664791
Author: David Alan Collier, James R. Evans
Publisher: Cengage Learning
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Chapter 17, Problem 4DQ
Summary Introduction
Interpretation: Whether applying operation management concepts and techniques might reduce the US health care costs along with the example that shows it can help the US health care industry.
Concept Introduction:
Lean manufacturing refers to the approach used by the organizations to remove the waste in their operations.Six sigma refers to the technique that provides organizations tools to enhance the capability of their business operations.Anything that does not add any value to the organization is considered as waste.
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IM.54 A growing online retailer sells thousands of items yet has has one specialty product category with just 30 items. They want to classify these thirty items according to the annual dollar volume (revenue) generated by each item. The table below lists each item number, Annual Sales (in units), and Price per unit:
Item #
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4,168
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1,881
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2,417
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14
5,207
$36.41
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1,381
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9,635
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17,406
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1,573
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433
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IM.84 An outdoor equipment manufacturer sells a rugged water bottle to complement its product line. They sell this item to a variety of sporting goods stores and other retailers. The manufacturer offers quantity discounts per the following discount schedule:
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Please provide detailed solutions to the following problems/exercises (4 problems/exercises x 9 points each):
1) View the video ON Unveils ‘Lightspray’ Technology (4.55 mins, Ctrl+Click in the link), and The Secret of Lightspray (8.27 mins, Ctrl+Click in the link), answer the following questions: https://www.youtube.com/watch?v=wjmeaC-wlZs
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Chapter 17 Solutions
OM (with OM Online, 1 term (6 months) Printed Access Card)
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