Reference no: EM131434331
Consider a version of the EOQ model where ordering is restricted to power of 2 intervals. That is, the order interval T (length of an ordering cycle) is restricted to be either 1, 2, 4, 8, … . In other words, T = 2i for some positive integer i. The decision of the inventory manager is then to identify the optimal i.
a) Reformulate the EOQ model so that the decision is now the length of the order interval T and T is restricted to be of the form 2i.
b) Show that the optimal value of i corresponds to the smallest integer i that satisfies sqrt(A / Dh) ≤ 2i.
c) Show that the above inequality is equivalent to T* / sqrt(2) ≤ 2i , where T* is the optimal order interval under the standard EOQ model.
d) Show that the optimal value of i also corresponds to the largest integer i that satisfies sqrt(2)T* ≥ 2i.
e) Show that total cost is the same under T* / sqrt(2) and sqrt(2)T*.
f) Use the above fact to show that using the optimal power of two ordering interval increases cost (relative to the true ordering interval) by at most 6%.
|
Define what it means to be a charismatic leader
: “Charismatic Leaders”. Define what it means to be a “Charismatic Leader”. Explain/Describe how being a charismatic leader can be a very positive, beneficial leadership style; or very negative, detrimental (dark side) leadership style.
|
|
Different types of personal power
: Different types of “Personal Power”. Identify and explain the four primary sources of personal power. In your experience/opinion, which of these four sources is most important and why? Identify a real-life leader that you highly respect. What do yo..
|
|
Emotional intelligence is important predictor of job success
: What suggestions do you have for recruiters to minimize “faking” on personality tests and do you think emotional intelligence is an important predictor of job success? Why or why not?
|
|
Assess customer satisfaction with the shopping experience
: A retail consultant studies local Walmart stores to try to assess customer satisfaction with the shopping experience. She begins by examining the ACSI scores for retailers. In the late 2000s, Walmart instituted a policy of increasing the width of the..
|
|
Consider version of the eoq model
: Consider a version of the EOQ model where ordering is restricted to power of 2 intervals. That is, the order interval T (length of an ordering cycle) is restricted to be either 1, 2, 4, 8, … . In other words, T = 2i for some positive integer i. The d..
|
|
Explain your plan to reduce youth violence
: Explain your plan to reduce youth violence. What are the four categories of conflict in project management?
|
|
What are the benefits and costs of planning
: What are the benefits and costs of planning? Do you always make plans for your work? Please explain the flexibility about the plans. And how can you build flexibility into your plans?
|
|
Principle of selling class
: List and compare the probable functional, situational, psychological, social, and knowledge needs of (a) a large financial investment office and (b) a college student, both of whom are looking to purchase a new computer print
|
|
What about the regulation and deregulation of trucking
: Can one explain why the railroad industry was regulated and then deregulated almost a century later? What about the regulation and deregulation of trucking?
|