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Management report based on quantitative method of analysis
This report based on quantitative method of analysis to examine manufacturing figures and to find solutions to fulfil the contract at minimum cost.
1. Minimise the cost: How much to buy in - how much to produce?
Both vats of type A and type B take 2 hours to dye a quantity of fibre that can eventually be turned sufficient fibre into yarn to make a metre of standard width cloth. We can choose between produce yarns using our available resources, which causes manufacturing cost be £15 per metre, or buy in from other factory with the cost of £21…
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