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Chicago’s Treadway Tires Dealer must order tires from its national warehouse. It costs $10,000 to place an order and $400 to review the inventory level. Annual tire sales are N(20,000, 4,000,000). It costs $10 per year to hold a tire in inventory, and each order arrives two weeks after being placed (52 weeks 1 year). Assume that all shortages are backlogged.
a. Estimate R and the number of orders per year that should be placed.
b. Using the answer in part (a), determine the optimal (R, S) inventory policy. Assume that the shortage cost is $100 per tire.
Richard M. Hodgetts ("Leadership Techniques in the Project Organization," Academy of Management Journal, June 1968, pp. 211-219) conducted a survey on aerospace, chemical, construction, and state government workers as to whether they would rate the ..
NOT LONG AFTER Apple became the world’s most valuable company, signs of trouble emerged. Although Apple enforced its intellectual property in a legal dispute with Samsung, it entered into a licensing agreement with HTC, a Taiwanese maker of mobile ph..
You work for a consumer advocate agency and want to find the mean repair cost of a washing machine. As part of your study, you randomly select 45 repair costs and find the mean to be $115.
Decided to set up a small production facility in Sydney to sell to local restaurants that want to offer gelato on their dessert menu. To start simple, he would offer only three flavors of gelato: fragola (strawberry), Chocolato (chocolate), and bacio..
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Discuss what company you selected could have done differently in terms of capacity planning also how that proposed difference may have kept it in business. Explain your rationale.
Some people are more prone to be influenced by nutritional labels than others. Examine possible characteristics of these consumers. How might this information be used by the FDA in developing marketing campaigns related to nutrition?
Apple decides to reallocate resources by curtailing online ad budgets and investing heavily in scratch-resistant Sapphire, the material that differentiates iPhone from competitive brands. What is MOST LIKELY the reason for reallocation of resources?
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What are five methods to avoid a crisis situation in contract negotiations? Explain in what stage they are best utilized.
Write a 350- to 700-word essay comparing the similarities and differences between virtue theory, utilitarianism, and deontological ethics. Include the following in your essay: A description of the differences in how each theory addresses ethics and..
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