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A supplier ships 100 units of a product every Monday. The purchase cost of product is Rs.60 per unit. The cost of ordering and transportation from the supplier is Rs.150 per order. The cost of carrying inventory is estimated at 15 % per year of the purchase cost. Find the lot-size that will minimize the cost of the system. Also determine the optimum cost.
A company that produces pleasure boats has decided to expand one of its lines. Current facilities are insufficient to handle the increased workload, so the company is considering three alternatives.
Describe the process of comparing and weighing alternatives and considering the effects of a decision on their own integrity and character.
Janice Dempsey has just started her own tax preparation firm. She has leased office space in a building, and she is incorperating her business as a Subchapetr S corperaton under the Internal revenue code.She has purshased desks, cahirs, computers, an..
How large of a role should the Federal and State governments have in educational standards? Give good detail and be informative in your response, answer should be at least a few paragraphs long, make sure to be persausive to why you answered the way ..
Describe normalization and the different normal forms. What are four advantages to normalization? What are the disadvantages of normalizing?
Tony and his team identified some risks during the first month of the Recreation and Wellness Intranet Project. However, all they did was document the risks in a list. They never ranked the risks or developed any response strategies. Create a risk r..
Lynch Associates, Inc., a property development firm, purchased an old house near the town square in Big Rines, where Country University is located. The old house was built in the mid-1800s, and Lynch Associates restored it. For almost a decade, Lynch..
Compare and contrast multi-domestic, global, and transnational strategies. What environmental factors influence a firm's international strategy? What are the benefits and risks of international diversification? What are the challenges of managing mul..
manager states that her process is really working well. Out of 5,000 parts, 3,885 were produced free of a particular defect and passed inspection. Based upon six-sigma theory, answer the following questions.
Which of subsequent production plans is better: Plan A-chase demand by hiring also firing; or Plan B-make at a constant rate of 1200 also obtain remainder from overtime.
Identify and describe at least three steps of the scope definition process. Why are these steps important to managers?
6 workers produce 30,000 chocolate bars per week. 450 pounds materials are used, The hourly wage is $12, material cost is $6 per pound, and overhead is 1.5 times weekly labor cost. Selling price is $140 per unit. Assume 40-hour weeks. What is the ove..
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