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A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The carrying cost is $0.75 per yard and the demand is 10,000 yards per year. The production facility operates the same days as the retail store is open (i.e. 311 days) and produces 150 yards of the denim cloth per day. Determine:
a) The optimal order size
b) The total inventory cost
c) The length of time to receive an order
d) The number of orders per year
e) The maximum inventory level.
If all the assumptions of perfect competition hold, why would firms in such an industry have little incentive to carry out technological change or much research and development?
Draw a decision tree showing the decisions, chance events, and their probabilities, as well as the profitability of outcomes, and solve the decision tree EVsmall expansion = $, EVlarge expansion = $
Your company owns a piece of land and is in the middle of purchasing this property to expand their footprint in the community. At the last minute
The foreman states that he spends twice as much time supervising A and half as much time supervising B,compared with the average time spent supervising his other subordinates.
Managers at Acme Explosives supervise workers closely also use rewards also punishment to control their behaviour. Acme is a (n) Elucidate what kind of organization.
Combined, that is 7-13 years which outlasts even the best economic cycles. How would you treat that reality
Explain why have OSHA's ergonomic requirements been a source of controversy. Illustrate what position do you think OSHA should take on ergonomics.
calculate the dividend yield, the capital-gain yield, and the total return to the stock. Express your calculations in percentage terms.
Determine the number of units that should be manufactured each month on regular time and on overtime to minimize total production and storage costs.
Minimal-spanning tree technique and Shortest-route technique
Discuss the use of PERT/CPM techniques for managing projects. Describe what PERT/CPM does. Discuss advantages and disadvantages of using it.
Explain the BEST strategic planning and implementation/execution you have observed. Discuss fully. (2) Explain the WORST strategic planning and implementation?
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