Evaluating Cherone Equipment's Risky Plans for Increasing Its Production Capacity

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  ...Pitfalls in Evaluating Risky Projects James E. Hodder and Henry E. Riggs In recent years, the leaders of American companies have been barraged with attacks on their investment policies. Critics accuse American executives of shortsightedness and point out that managers in Japan and Europe often fix their vision on more dis¬tant horizons. Here, it is claimed, managers pay too much attention to quarterly earnings reports and not enough to such basic elements of industrial strength as research and development. Some analysts see the root of this problem in the tendency of American companies to rely on discounted cash flow tech¬niques in weighing long-term investments.1 These critics argue that DCF techniques have inherent weaknesses that make them inappropriate for evalu¬ating projects whose payoffs will come years down the road. We disagree with the contention that DCF tech¬niques are inappropriate for evaluating long-term or strategic investment proposals. We do believe, how- Mr. Hodder is assistant professor of industrial engineering and engineering management at Stanford University. His teaching and research have focused on capital budgeting and international hedging decisions. Mr. Riggs is professor of industrial engineering and engineering management and vice president for development at Stanford University. Before joining the university in 1974, he worked for 15 years in industry in various financial positions. Riggs is the...

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• Essay about capacity plan

  ...CAPACITY PLANNING Capacity planning: Capacity planning is the process of determining the production capacity needed by an organization to meet changing demands for its products.[1] In the context of capacity planning, "design capacity" is the maximum amount of work that an organization is capable of completing in a given period, "effective capacity" is the maximum amount of work that an organization is capable of completing in a given period due to constraints such as quality problems, delays, material handling, etc. The phrase is also used in business computing as a synonym for Capacity Management. Capacity Planning Classification: Capacity planning based on the timeline is classified into three main categories long range, medium range and short range. (a). Long Term Capacity: Long range capacity of an organization is dependent on various other capacities like design capacity, production capacity, sustainable capacity and effective capacity. Design capacity is the maximum output possible as indicated by equipment manufacturer under ideal working condition. Production capacity is the maximum output possible from equipment under normal working condition or day....

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• Essay on Production plan

  ... Main Weekly Topics Here WEEK 2 GROUP Organizational and Production Assignments: Sous Chef: Casey Dodd ORGANIZATIONAL: Table of contents and cover sheet COOKING: Insalata di seppie, Calamari, e Gamberi and Tunnu a Palirmitana Student #1: Greta Shmidt ORGANIZATIONAL: Menu COOKING: Peperonata and Orechietti pasta with artichokes Student #2: Vanessa Mijares ORGANIZATIONAL: Costed Recipes COOKING: Focaccia Bread and Torta Caprese Student #3: Juan ORGANIZATIONAL: Food Requisition COOKING: Braciole Calabresi and Action Plan Components 1. Cover sheet 2. Table of contents 3. Descriptive Copy MENU – MUST include salable descriptions of menu items. (Prepare a second copy for framed presentation.) 4. Requisition 5. Daily Preplist and Transfer Task List – one per student per day with a time line (Great detail required) Or a threaded production list with timeline 6. Daily prep lists cont. 7. Daily prep lists cont. 8. Daily prep lists cont. 9. Written Recipe Cards on 3X 5 or 4 X 6 Notecards – 1 per recipe Daily Preplist and Transfer Task List Weekly Topic: Southern Italy Student: Vanessa Mijares Team Members:Cassey Dodd, Greta Schmidt, Juan Vasquez DISHES ON WHICH I’M WORKING Focaccia Bread Torta Caprese TASKS Start Time: Completion Time: Make sponge...

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• Production Plan Essay

  ...PRODUCTION PLAN The major raw materials required for our jute made products are jute yarn and cotton fiber. Auxilary materials include cloth, colors, cotton ropes, rings, cane handle, braid, bamboo, chain, zipper, button, frame, finished soft leather, shoe sole etc. Akij Jute Mills Ltd Akij Jute Mills Ltd, the one of the biggest jute mills at Nawapara industrial area in Jessore, which is a unit of Akij Group is a 100% export oriented Jute yarn Industry catering to the need to carpet manufacturers and other end users of jute yarn all over the world. Apart from being a member of a leading industrial group of Bangladesh, the mill is run by a team of qualified and highly experienced professionals whose principle objective is customer satisfaction. In respect of production the mill is one of the largest in Bangladesh producing about 20,000 Metric Tons of Jute yarn annually. Specialty: They supply the oil treated jute yarn, which is totally different from other mills. Most importantly they use the strict delivery schedules and high number of doubling in drawing and computerized feeding in the spreader for excellent regularity of yarn. It will be very beneficial for us to get the assurance of high quality raw materials in specified time. Cotheeka Jute Industry Another processed jute supplier is Cotheeka Jute Industry which is one of the leading manufacturer and exporter of high quality Jute products in Bangladesh. Cotheeka...

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• Essay about Production plan

  ... I. Introduction Production of Smoked Fish is a form of business. Its primary product is smoked fish (tinapa) which is with an exceptional variety of fish. The business offers not just the typical kind of smoked fish rather an smoked fish that would not just satisfy the appetite of the consumers but will also provide numerous benefits. The smoked fish they produced will offer several product with different kinds (bangus, tulingan, and buraao, ). The production will also have a salted egg and tomato so the consumer will be attracted. The production will be capitalized by the couple who will take part as the managers or the maker of the product. The couples have agreed that if they have excess money they will use it for the production contribution. The managers have decided to sell or locate their channel of distribution inside the people’s market and people residing near the police station. To be able to create a good relation with the target market, the production will implement various strategies such as encourage the consumers to buy and try availing the product being offered. In maintaining good standard of quality of the product, the business evaluate from the estimate of the maker. The couple has also employ that they should have a 10 pesos increase of their goods (patong) as a means of pricing the product to be offered. The price will be reasonable enough compared to the other competitors....

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• Lexus and Production Capacity Essay

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• Developing an Aggregate Capacity Plan Essay

  ...Southwestern University With the rising demands of a successful football pro gram, the campus police chief at Southwestern Uni versity, John Swearingen, wants to develop a 2-year plan that involves a request for additional resources. The SWU department currently has 26 sworn offi cers. The size of the force has not changed over the past 15 years, but the following changes have prompted the chief to seek more resources: · The size of the athletic program, especially foot ball, has increased. · The college has expanded geographically, with some new research facilities and laboratories now miles away from the main campus. · Traffic and parking problems have increased. · More portable, expensive computers with high theft potential are dispersed across the campus. · Alcohol and drug problems have increased . · The size of the surrounding community has dou bled. · The police need to spend more time on education and prevention programs. The college is located in Stephenville, Texas, a small town about 30 miles southwest of the Dallas/Forth Worth metroplex. During the summer months, the stu dent population is around 5,000. This number swells to 20,000 during fall and spring semesters. Thus demand for police and other services is significantly lower dur ing the summer months. Demand for police services also varies by · · · to Time of day (peak time is between 10 P.M. and 2 A.M.). Day of the week (weekends are the busiest) . Weekend of the year (on football weekends,...

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• Essay on Riordan Manufacturing Production Plan

  ...Riordan Manufacturing Production Plan Riordan Manufacturing Production Plan Riordan Manufacturing, Incorporated has become a leader within the industry of plastic molding. An eclectic array of state-of-the art design products (plastic beverage containers, custom plastic parts, and plastic fan parts), and attention to detail pertaining to quality control, are some of the main factors contributing to the company’s success (Riordan, 2008). Each specialized plastic is in a different location: plastic fan parts in Hangzhou, China; custom plastic parts in Pontiac, Michigan; and plastic containers in Albany, Georgia. Difficulties in forecasting and managing the supply chain at Riordan’s China facilities have become a concern. The following will depict the issues with the current process and provide suggestions to improve the process management through lean principles. Riordan’s manufacturing plant in China has developed relationships with local businesses, customers and the Chinese government to supply labor, purchase materials, and communicate on regulations. The local company, from which Riordan purchases its electrical motors used in the fans, is on schedule only 93% of the time. Plastic polymers are other components bought locally, and an essential portion of the fan. After all the components are together, the fans are assembled and individually packaged. Riordan currently uses...

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