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A manufacturing operation must periodically purchase bulk quantities of machine screws. The operation expects to consume 18,200 boxes of screws over the coming year. Each box costs $400, the annual holding cost per box is $29, and the cost of placing an order is $50 (regardless of the quantity ordered). For the following questions, use the basic economic order quantity model (without quantity discounts).
1. What is the economic order quantity?
2. Calculate the annual inventory holding costs based on the average inventory level and annual holding cost per box.
3. Calculate the annual inventory ordering costs based on the number of orders expected to be placed during the coming year.
4. Create a data table showing the total inventory costs (only) for order quantities varying from 100 to 600 (use a step size of 20). You must use a data table structure to receive full credit for this problem. If you have any doubt as to what a data table is, please ask your lab TA.
5. Create a scatter chart (use the one with markers and smooth lines) showing how total inventory costs are a function of the order quantity. Be sure to label your axes appropriately.
For each of the PM policies not selected in a), how much of a reduction in the PM cost (the total cost of performing a PM for all of the machines and not expressed in PM cost per machine per month) is required to have this PM policy equal to the PM p..
If the organization comprises both a backup light bulb also a backup battery with each flashlight, illustrate what is the probability which the flashlight will perform reliably for one hour.
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Illustrate what is the total tuition of all graduate students across these institutions. Illustrate what is the total dollar value paid of all text books purchased across all full time undergraduates across these institutions in the most recent on..
Flower shop uses 750 clay pots a month. Illustrate what additional annual cost is the shop incurring by staying with this order size.
Can you explain how an individual or company can participate in this price discrepancy and show an example of how a company can profit from it? Remember, in M&A arbitrage the investor in most cases will sell one of the two parties short and go lon..
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Assume a fixed price of $900, a variable price of $4.50 also a selling price of $5.50. Illustrate what is the break-even point. Explain how many units must be sold to make a profit of $500.00.
She also Tommy decided to use some of his inheritance to pay for an addition to house. He had some shares of stock transferred into Rose's name so that she could sell them when money was due to be paid. What Stocks are transfered.
How would you handle this as the marketing leader? What is your plan? How would you handle this as the director if HR? What is your plan?
Is it discrimination for a Chinese restaurant to only hire Chinese servers. Explain why or explain why not. Determine if benefits of free trade outweigh drawbacks also illustrate what could be done to address drawbacks.
In an overview of major operations planning activities in a typical service organization which of subsequent activities follows aggregate sales and operations planning.
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