What are some limitations of rule-based scheduling systems?
What will be an ideal response?
Three limitations are 1. Rules need to be revised to adjust to changes in orders, process, equipment, product mix, etc.; 2. Rules do not look upstream or downstream; idle resources and bottleneck resources in other departments may not be recognized, and 3 . Rules do not look beyond due dates.
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Mailing of a new offer to a handful of selected customers instead of all customers reduces the response rate to the offer
Indicate whether the statement is true or false
Which of the following is a quality framework that can be used as a diagnostic tool by organizations?
A) EFQM Excellence Model B) Deming Model C) ISO 70 Series D) None of these
______ is the process of identifying, measuring, managing, and developing the performance of the human resources in an organization.
A. Critical incidents method B. Performance management C. Performance appraisal D. Management by objectives (MBO) method
Division P of the Nyers Company makes a part that can either be sold to outside customers or transferred internally to Division Q for further processing. Annual data relating to this part are as follows: Annual production capacity 80,000unitsSelling price of the item to outside customers$35per unitVariable cost$23per unitAverage fixed cost$5per unit?Division Q of the Nyers Company requires 15,000 units per year and is currently paying an outside supplier $33 per unit. Consider each part below independently.?If outside customers demand 80,000 units, then according to the formula in the text, what is the lowest acceptable transfer price from the viewpoint of the selling division?
A. $28 per unit B. $23 per unit C. $35 per unit D. $33 per unit