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An electronics plant’s production function is Q = 5LK, where Q is its output

rate, L is the amount of labor it uses per period, and K is the amount of capital

it uses per period. The price of labor is $1 per unit of labor, and the price of

capital is $2 per unit of capital. The firm’s vice president for manufacturing

hires you to determine which combination of inputs the plant should use to

produce 20 units of output per period. a. What advice would you give him?

b. Suppose the price of labor increases to $2 per unit. What effect will this

have on output per unit of labor? c. Is this plant subject to decreasing returns to scale? Why or why not?

 

 
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Volvo A.B., the Swedish auto firm, operated a car assembly plant at Uddevalla

in 1988. The idea was to have a small team of highly skilled workers build an

entire car. According to the proponents, this would reduce the tedium associated

with the conventional assembly line and cut absenteeism and turnover

among workers. In 1991 there were reports that it took 50 hours of labor to

assemble a car at Uddevalla, in contrast to 25 hours at Volvo’s conventional

assembly plant at Ghent, Belgium. If you were Volvo’s chief executive officer,

what questions would you ask Uddevalla’s managers, and what steps would

you take?

 

 
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This activity will demonstrate how the five bases of power are manifest in behavior. Write the five bases of power on the board or put them on an overhead. Break students into five groups, and give each group a 3 3 5 card that lists one of the five bases of power. Give the group 10 minutes to plan and practice a 1-minute skit that will be presented to the rest of the class. The skit should demonstrate the base of power listed on the 3 3 5 card. After the skit is presented, the remaining groups should guess which base of power is being used in the skit. As an alternative, you might choose a project for out-of-class work. Another variation is to assign the groups the task of finding a 3- to 4-minute segment from a movie or video representing a base of power and bring that in to the class.

 

 
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You work for a company that manufactures lighting fixtures. From suppliers, all components are purchased, which the company then assembles into about 100 different luminaires. These are sold to various customers (retail chains, wholesalers, e-commerce companies) around Europe. The company’s management has now announced that due to problems with liquidity, capital must be released. Therefore, they have decided that the stock levels in all the company’s stocks must be reduced. The call is to reduce all sales and security inventories by 50%. The logistics manager has now asked you to investigate what consequences this will have on costs and delivery service.
a) How will the costs be affected by the current decision? Reason about which costs are affected, why they are affected, and whether they will increase or decrease.
b) How will the delivery service to the customer be affected by the current decision? Reason about which aspects of delivery service are affected, why they are affected, and ifthey are positively or negatively affected.
 
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