Question: Operations Management is trying to justify buying a new machine. The CFO has a policy not to release capital funds unless the machine has a

Operations Management is trying to justify buying a new machine. The CFO has a policy not to release capital funds unless the machine has a payback period of 36 months or less.The new machine will cost $1,000,000 but will result in $16,667 savings per month. What is the payback period you are calculating and will the CFO release the funds?

A large Container Ship just entered Long Beach harbor with 18,000 TEU. Stevedores at the unloading berth can handle 3,000 FEU per shift. How many shifts will it take to unload this Ship?

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