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In February, Wally Wade, owner of Bama Fan Supplies, Inc., must place an order with Nike for the new Alabama football shirts for the coming season. The long lead time is required for the contract manufacturers in Asia to order the necessary materials and to begin production in April. The shirts will be delivered to Wally in early-August just in time for the new season. Nike will charge Wally $50 for each shirt he orders, and he will sell each shirt for $75 during the season. There will not be another opportunity for Wally to order any more shirts if he runs out. At the end of the season Wally will sell all the shirts that are left at a price of $15. Obviously, Wally doesn’t know exactly what the demand for these shirts will be, but during the past couple of years he has sold an average of 500 shirts each season. a. Draw an influence chart for this problem. b. Construct a spreadsheet model to analyze Wally’s decision. Use an order quantity of 600 and a demand of 525 for your base case values
A successful franchise owner of a prestigious sporting goods chain is feeling the effects of technology, with more and more online sales and less and less customers in the shops. Using your HR planning expertise, forecast the demand of labour in the ..
Some organizations have formed crisis management teams comprised of both hourly workers and supervisors to conduct risk assessments, develop action plans, and perform crisis interventions. Are you concerned that this might be a crisis situation—akin ..
Write a two to three page paper responding to the following questions regarding protected group employees: Who are classified as protected group employees? In what ways must these employees be treated differently than non-protected group employees?
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Define the standards and parameters that health care professionals must have in order to work within their scope of practice. Describe the responsibility health care professionals must have in order to work within their scope of practice. Explain th..
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Given the network plan that follows, compute the early, late, and slack times answer the following: What is the project duration?
estimate the average number of pizza restaurants in Bloomington. (b) What fraction of the time will there be more than 20 pizza restaurants in Bloomington?
Suppose your company is interested in introducing a new women's facial care product. What secondary data would be useful in helping you to make the decision whether or not to introduce the product
Has there ever been a time when the external benchmarking was not beneficial? Why or why not? How does the financial institution determine if the benchmarking is needed? Can anyone think of a company that would act as an industry leader? Why
A real estate agent is considering changing her cell phone plan. There are three plans to choose from, all of which involve a monthly service charge of $20. Plan A has a cost of $.42 a minute for daytime calls and $.17 a minute for evening calls. Sup..
Explain how much could the firm save Yearly in ordering and carrying costs by using the EOQ.
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