Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Employees in a factory arrive at the tool crib at an average rate of one employee every five minutes. There are two cool crib clerks taking and filling employee's orders. The average time for a tool room clerk to fill an employee's request is six minutes. Assume that management has valued employee's waiting time at $18 per hour to reflect the cost of lost productivity. The cost for each clerk is $6 per hour. In addition, the two computers used by the clerks are rented at a cost of $20 each per day. If the tool room is open for business 9 hours per day, what is the daily cost of this operation?

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M92182292

Have any Question?


Related Questions in Operation Management

Case study 3i groups private equity investment in chinas

Case Study : 3i Group's Private Equity Investment in China's Little Sheep Read the case study titled, "Integrative Case 1: 3i Group's Private Equity Investment in China's Little Sheep," located on page 391 of your textbo ...

Your career has progressed even faster than you thought

Your career has progressed even faster than you thought possible. After graduating from college with an accounting degree, you passed your CPA exam and worked three years for a major accounting firm. Then you joined Gene ...

1 what are your experiences positive or negative

1. What are your experiences (positive or negative) participating in the recruitment and selection process as an associate or applicant? What was the scenario and what were the outcomes? How might it have been improved? ...

When microsoft an industry leader introduced xbox into the

When Microsoft, an industry leader, introduced Xbox into the market, it did so at an initial loss. This case looks at why Microsoft chose to do this and its long-term marketing strategy. The key to developing a marketing ...

Michaelrsquos had 32 stores each in illinois and arizona

Michael’s had 32 stores each in Illinois and Arizona and sourced its products from eight suppliers located in the Midwest. The company began in Illinois and its stores in the state enjoyed strong sales. Each Illinois sto ...

Assume that you have been tasked by your employer to

Assume that you have been tasked by your employer to develop an incident response plan. Create a list of stakeholders for the IR planning committee. For each type of stakeholder, provide the reasons for inclusion and the ...

1 discuss the following 4 types of business insurance and

1. Discuss the following 4 types of business insurance and why they are important. general liability insurance, product liability insurance, professional liability insurance, commercial liability insurance. 2. Which of t ...

Answer the following questions question 1 identify and

Answer the following Questions : QUESTION 1 : Identify and discuss the three building blocks of organizational structure. QUESTION 2 : What is the relationship between a company's corporate-level strategy and its busines ...

In the course scenario the following was stated the ceo

In the course scenario, the following was stated: The CEO has hired you as an external organizational development consultant to help him identify problem areas and to understand where changes should be made within the co ...

The king co makes product akua10 and skub10 and is

The King Co. makes product AKUA10 and SKUB10 and is preparing an aggregate plan for the next two quarters. SKUA10 takes one labor hour per unit to produce while SKUB takes two labor hours per unit to produce. At the begi ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As