Statistical process control involving R-chart & x-bar chart

See attachment for charts. Need help with problems on statistical process control involving R-chart & x-bar chart. Questions: What happened at different times during this shift? Why did management change the UCL in the R chart just after 10 a.m.? Why did it change the LCL in the R chart after 2 p.m.? Why did it ...continues

Operations management - inventory management

In a typical week, the ZYX Company uses 10 cartridges for its printers (all the same model). It estimates that the cost of placing each order (including shipment) amounts to $ 45 per order, and that the cost of keeping a cartridge in stock (including the cost of capital) is $1 per week. The office manager orders 30 cartridges ...continues

Operations management - supply chain management & the bullwhip effect

See attached file also. Question 1: IF: THEN (all else equal, it is likely that): a) We aim to increase “inventory velocity” We must produce and push work-in-process faster to next operation/ wait and produce only what is pulled by next operation. EXPLAIN WHY b) We install an expensive machine that requires ...continues

What is the implied "shortage cost" for a part that costs $1000 under this policy? What is it for a part that costs $20?

Question : The policy in a military base is to have 99.7% "service level" for vehicle spare parts. If the base is short of any part, it can get it from a central warehouse in one week. Assume it costs 1 % of value of the part to carry it in inventory for a week. (For example, if a part costs $200, its inventory carrying cost ...continues

Power Toys: bottleneck in processing times, reassign duties, new capacity

See attached file for the table. Questions: Power Toys Inc produces small remote controlled toy trucks on a conveyor belt with nine stations. Each station has , under the current process layout, one worker assigned to it. Stations and processing times are summarized in the attached table. a) What is the bottleneck in ...continues

Operations management - inventory management

I'm probably overcomplicating the solution to this problem, but I'm stuck. Millennium Liquors is a wholesale of sparking wines. Their most popular product is the French Bete Noire 1989. Weekly demand is 45 cases. Assume demand occurs over 50 weeks per year. The wine is shipped directly from France. Millennium's annual co ...continues

Operations management - the bullwhip effect in the supply chain

Are my answers succint enough so as to get my point (i.e. the answers) across effectively? Questions (see attachment for solutions) 1. IF ... THEN questions - see attachment. 2. A plant makes four different models of DeskJet printers. Up to now, it has been producing each model only once every week (for example, Mo ...continues

Create Memo to outline objectives to secure financing for a distance learning company

I have been meeting with a distance learning investment company's CEO as well as a few other ranking officers. I am trying to obtain a loan for a distance learning company that I would like to start. ( I have been given a mentor to whom I can turn to for help) What I need is an elaboration on a 2 page email in which address ...continues

Compensation: Baseline Pay or Incentives and Benefits

Comment on the following: Most job candidates are concerned with baseline pay. Incentives and benefits do very little to persuade a candidate to accept an organization's employment offer if baseline compensation is slightly below the candidate's expectations.

COMPENSATION II

James Richards has an electrical engineering degree from a United States' accredited university. Upon graduation he was offered, and he accepted, an entry-level engineering position at a firm in San Antonio, Texas. He has been gainfully employed with this firm for the last five years. Recently he interviewed with your firm which ...continues