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The Wallace Stationery Company purchases paper from the Seaboard Paper Company. Wallace produces stationery that require 1,415,000 sq. yards of stationery per year. The cost per order for the company is $2,200; the cost of holding 1 yard of paper in inventory is $0.08 per year. Determine the following:
Economic order quantityMinimum total annual costOptimal number of orders per yearOptimal time between orders
The Colonial House Furniture Company manufactures two-drawer oak file cabinets that are sold unassembled through catalogues. The company initiates production of 150 cabinet packages each week. The percentage of good-quality cabinets averages 83% per week, and the percentage of poor-quality cabinets that can be reworked is 60%.
Determine the weekly product yield of file cabinets.
If the company desires a product yield of 145 units per week, what increase in the percentage of good-quality products must result?
This solution describes the concepts of shadow price and maximization problem, differences between graphical and computer-based methods of solving LP problems differ, and sensitivity analysis in decision making process.
Find out replacement chips for its product lines here is demand over past 12 quarters. Use decomposition technique to forecast 4 quarters of 2010.
Illustrate what is the probability which the supply of circuit boards will be exhausted before an order is received if boards were ordered when the amount drops to 625 boards.
nternal customers in organizations, Distribution resource planning (DRP), Electronic data interchange (EDI), Stocktaking, inventory policy, Shelf life of products, Limited storage space
Illustrate what are some of primary goals of legislation. Name at least two ways this law revised bankruptcy proceedings. Do you think these changes are for better. Explain why or explain why not.
Describe how much of every type of sugar will be purchased. Describe how would your answer change if the price of store-brand sugar was $2 per pound also the price of producer-brand sugar was $1 per pound.
Grounded in your analysis also the identified problems, analyse also examine how the capabilities in B-A & H could be better cultivated. Use all four farms but emphasize the most relevant ones.
who can produce an average of 30 also 50 devices of 1st also 2nd types per day. Workers receive $10 per day also machine also overhead cost is $120 also $100 per day respectively. a. Compute Labour, material, machine also overhead productivity.
Find out the optimal solution by using the graphical solution procedure. How many tons of each product must be produced and what is the project total profit contribution?
the expected benefit of selecting machine B is $80,000 with a probability of 50percent also the expected benefit of selecting machine C is $60,000 with a probability of 75percent.
Dell Computer's use of information systems to improve efficiency also implement "mass customization" techniques to maintain consistent profitability also an industry lead illustrates which business objective.
Suppose your boss asked you to develop a scheduling plan for a project. Describe what approach you would take also the steps you would follow to develop the plan.
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