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My School Notebook Company uses 110,000 pounds of plastic pellets per year in the production of their custom 3-ring school binders.
They buy the pellets at a cost of $0.75/lb delivered. They estimate that it costs them $60 to place and put away an order of pellets.
They use an inventory holding rate of 10% of the cost of an item. Calculate the economic order quantity for plastic pellets for My School Notebook.
Describe and explain three (3) types of data and documentations needed for creating a supply strategy plan or for updating an existing supply strategic plan.
What is the international quality management standard for quality management and assurance that is primarily concerned with quality of air, water, and soil
Describe a sole proprietorship and discuss its advantages and disadvantages. Describe a partnership and discuss its advantages and disadvantages. Describe a corporation and discuss its advantages and disadvantages. Describe an S corporation and discu..
Decision Making The rational model of decision making is an easy to follow, four step process to make a decision. It includes identifying the problem, generating solutions, selecting a solution, and implementing and evaluating the solution. Is this s..
In a paragraph or two, try to describe one kind of behavior that may have been shaped by natural selection. What might have been the forces of natural selection? How was the behavior adaptive?
You are being contracted to design and build a theme park for a leading entertainment franchise. The following is a list of needs for the theme park, supplied by the customer: The theme park should prominently feature each of our five central charact..
What are some of the possible negative outcomes for employers and/or employees regarding alternative work arrangements? Please explain your answer.
What would you have done differently? Be specific. NOTE: Do not name the organization. Just use the XYZ as the name.
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor at $7 each or to produce them in-house.
Bradley Architectural, a primarily residential architectural firm, was just notified of an urgent request for a development proposal on a property. They are almost certain that the proposal will go to a competitor, who has been involved with the proj..
What cycle time would match capacity and demand if demand is 110 units a day, there are two shifts of 383 minutes each, and workers are given three half-hour breaks during each shift
Suppose that a production system consists of four stations in tandem. The processing time at each station is exponentially distributed with a mean of 30 mins. Jobs arrive according to a Poisson stream. What is the WIP level required to achieve a thro..
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