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I need to write a memo to the financial aid director(random name) of a college. Write a memo as a student to the director of the financial aid and scholarship at a random college. Suggest ways to inform students of certain financial aid availability and scholarships.

Present the best ways of explaining this information.

Show the benefits of informing students about scholarships and financial aid.

Explain to the reader of the major benefits.

It will need 4 paragraphs total. Paragraph 1- Purpose for this memo. Paragraph 2- What are the benefits of informing students about scholarships and financial aid. Paragraph 3- Present the best ways of explaining the information. Paragraph 4- Remind the reader of the benefits and positive benefits.

 
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1) A company produces drinks in liters (33.8 oz.) and single serving (16.9 oz.) containers that utilize three resources of soda, plastic for the containers, and manufacturing time.

The liter requires 2 ounces of plastic and the single-serving container requires 1.5 ounces of plastic, while the liter requires a total of 2 minutes of manufacturing time and a single serving requires 1 minute 30 seconds of manufacturing time.

Each week, the company has 55,000 ounces of soda available, 5,000 ounces of plastic, and 80 hours of manufacturing time. Each liter has a profit of $0.70 and each single serving has a profit of $0.50. a. Write the Linear Program.

b. Solve the problem using the corner point method, being sure to include the graph and write the strategy.
 
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In the PlastiPharm clean room, where production of the medical device bags occurs, one of the floor technicians questioned a step in the process and suggested another approach that she said would shave off some production time. The shift supervisor organized a process review with all personnel involved and reviewed the process map. Which of the following statements best explains why expending so much effort was worthwhile?

  • Reviewing the process gave everyone a chance to understand the process better, ask questions, and share ideas for improvement.
  • Taking time to review the process map allowed the shift supervisor to observe which employees were most engaged and identify those with the most potential for advancement.
  • Working together to review the process was an expensive venture, but the employees were able to identify problems with the equipment and operators
  • Spending time together allows people to get to know one another and improved the work culture, an important aspect of continuous improvement.
 
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Base Stock Models Jet WithUs, a private jet charter provider, keeps critical spare parts for maintenance of its aircraft fleet at various airports. There is a particular part that they are concerned about because it is expensive ($10,000) but critical for the safe operation of the aircraft. The demand for this part is low, just 12 per year, and quite variable (can be assumed to be Poisson). The part is ordered from a supplier that delivers the part at no additional cost with a lead time of one month. d) What type of inventory model would be the most suitable here and why? c) Compute and describe the optimal inventory policy if management wants to guarantee a desired fill rate of 99%. What are the associated average backorders and inventory in the system? 1) Is 99% the correct fill rate in this case? The inventory carrying rate is estimated to be of 25%. The cost associated with having the aircraft down for a day is estimated to be $1000. What should the “optimal” fill rate and associated inventory policy be? What would be the solution if you approximated the demand distribution by a normal with mean 0 and standard deviation ?

 
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