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ABC Aircraft uses 2,000 drill bits annually. Each drill bit costs $50 and each order ABC places costs $30. The annual carrying rate is 20% of unit cost. ABC has contracted with the supplier of the drill bits to use an order quantity of 200 by doing which they receive a 3% discount on purchase price. Compute the annual total cost (i.e. the Purchase cost + Ordering cost + Holding cost). (Please read the question more than once)
What is the critical path for this network? Show the activity schedule for this project. The park commissioner would like to open the park to the public within six months from the time the work on the project is started.
Illustrate what ways can design of a firm's logistics/supply chain network affect its ability to create value for customers through efficiency, effectiveness and differentiation.
Describe this problem by using a Markov chain and explain why it is a Markov chain? If the machine is in bad condition, it produces 60 tools per day. On the average, how many tools per day are produced?
what has been the impact of the law? Should Americans be asked to give up privacy for national security?
Use optimization theory to analyze the below statement and tell me whether-thinking as an economist-you would agree or disagree with them and why
Discuss the advantages and disadvantages of queuing theory for an organization in the service industry.
the following questions using the data relevant to Jollibee at the time of the case writing. Do not update the case information to current time. Analyze the structure of the global hamburger chain industry relevant to Jollibee.
Automobiles arrive at the drive through wind at the downtown Urbana, Illinois, post office at the rate of 4 every 10 minutes. The average service time is 2 minutes
prepare a graph that shows total weekly cost for each plan versus daytime call minutes if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal?
A cosmetics company hiring African-American models with light skin coloration, and not hiring those with much darker skin. This type of issue has become known as 'colorism.
Identify and describe the benefits that outsourcing logistics will bring to the organizations. List and describe the directives to consider the process of outsourcing if you are a senior manager
Illustrate what is the average number of people in line. Karen raises the price to $5 per cup and takes 60 seconds off the service time.
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