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Use EOQ model to solve following problem. The item is demanded 50 weeks a year.
Item cost: $10
Fixed Order cost: $250
Annual holding cost: 33% of item cost
Average demand: 515 per week, constant rate
a. Calculate the optimal order quantity and the total inventory cost.
b. If your purchase quantity is equal to or above 2000, the fixed ordering cost is reduced to $200. Would you take advantage of it? How much would you save annually?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
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An analysis of the holding costs, including the appropriate annual holding cost rate.
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A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
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Ccompare the effectiveness of different leadership styles in different organizations
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