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A retail shop sells 500 pairs of shoes each year. Each pair of shoes is priced at $50. Suppose that the shop can get each pair of shoes from their supplier at $20 and the ordering cost, regardless of quantity, is $50. The lead time for each order is 7 calendar days. The annual holding cost of each pair of shoes is $2. Assuming that the demand is uniform across the year:
a) Compute the economic order quantity.
b) Compute the reorder point.
Project team is formed to solve a distribution problem; the team members are in position; the stakeholders are identified; the customer of the project must be determined.
A firm that has recently experienced an enormous growth rate is seeking to lease a small plant in Memphis, TN; Biloxi, MS; or Birmingham, AL. Prepare an economic analysis of the three locations given the following information: Annual costs for buildi..
Supply chain management is the integration of activities that procure materials and services, transform them into intermediate goods and final products, and deliver them to customers.
When do the formulas for EOQ and EPQ become the same?
What contrasts are there between what is shown in cash flow statements and the need for firms to borrow at high rates and firms' income statements
Select an organization such as a mid-sized manufacturing company, a familiar organization in the service sector such as a hospital or bank, or the company you work for. Arrange to meet with the IS manager (or other key IS person) and ask the question..
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Select and administer a formative assessment to students. Report the results of the formative assessment. Reflect on the experience. What did you learn about students' abilities? What did you learning about the process of administering the assessm..
How does Williamson define opportunism? How does he relate this opportunism to the concept of bounded rationality and to the behavior of managers in organizations? If the locus of moral sensitivity in organizations resides in individuals working with..
A technology dominance battle is not one product vs. another that is really the same technology, for example, two brands of smart phones. Do not choose product battles. Be sure to address the relevant factors, battle milestones, and key phases of ..
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