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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 sizeb) The total inventory costc) The length of time to receive an orderd) The number of orders per yeare) The maximum inventory level.
Analyze key elements of training and development geared toward improving the performance of the specific small business for which you are consulting.
Determine which activities are non-critical and their respective slack times. How long will the project take to accomplish?
Analyze the concept of "a dollar today is worth more than a dollar in the future," to define a capital project in terms of future and present values.
How can Boreki use this information? Boreki reviews the classification and then places item A2 into the A category. Why might he do so?
Given the series of demand data alculate the forecasts for periods 7 through 11 using moving average models with n = 2, n = 4, and n = 6 and Calculate the bias and MAD for each set of forecasts.
The target value for the mean of the process is 10 units, and the standard deviation of the process is 6.
Despite great strides in our country, are re still issues that divide us along racial or cultural lines. If so, illustrate what can organizations do to change this. Illustrate what is our personal responsibility in making positive changes and redu..
While the ReadyMade magazine was still in the design stages, very little research was done to determine whether an interested market existed.Explain whether and how this adversely affected the magazine as it moved forward to publication.
The effective capacity also efficiency of a fast Lube is service bay are known to be 5.5 also 0.880 respectfully. Illustrate what is the minimum number of service bays Fast Lube requires to achieve an anticipated production of 200 cars per 8-hour ..
The organization needs to describe the number of chairs also table to produce each day in order to maximize profit. Formulate a linear programming model for this problem.
A medical facility does MRIs for sports injuries. Occasionally a test yields inconclusive results and must be repeated. Using the following sample data and n = 195.
A telephone customer service center wants to ensure that the majority of customer calls are answered within a reasonable amount of wait time. Based on customer feedback, the company has determined that this wait time is between 10 and 45 seconds
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