8. Stretch company is producing a molded rubber handle for motorcycle handlebar. To produce 1000 pieces per day rubber handle, the production will consume 120 hours at 90% efficiency. Based on history, due to improved production system, the efficiency increases by 5%. Production works 8 hours per day. Worker daily rate is P650 per day. If marketing department is requesting production department to produce 1800 pieces. Compute how much was saved from hiring employees based on improved method.

8. Stretch company is producing a molded rubber handle for motorcycle handlebar. To produce 1000 pieces per day rubber handle, the production will consume 120 hours at 90% efficiency. Based on history, due to improved production system, the efficiency increases by 5%. Production works 8 hours per day. Worker daily rate is P650 per day. If marketing department is requesting production department to produce 1800 pieces. Compute how much was saved from hiring employees based on improved method.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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JINNAH Hospital has been growing as it provides quality, quick-caring services to the patients. Dr. Aizaz, Administrator is a man with reasonably good medical acumen but lacks SKA involved in HRM. JINNAH Hospital has large stock of medicine, equipment, spare parts of important machines installed in the hospital. Hospital has employed a “storekeeper” with no previous experience of Hospital Stores. Mr. ZAHEER, the storekeeper was working earlier in manufacturing firm and had sufficient knowledge of such stores. Mr. ZAHEER reports to the purchase Executive whose job is to order requisite materials for requirements of the entire JINNAH Hospital, Dr. Aizaz has been receiving various complaints from the staff and doctors of non-availability of medicines, drugs, spares of equipment and other consumables required in the Hospital having 500 beds. Since the hospital so far did not employ a qualified Personnel Manager, the administrators are not aware of the job analysis procedures, nor do they…