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The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost. Currently, the purchase cost is $40 per unit. There are 250 working days per year. Whenever an order is placed, it is known that the entire order will arrive on a truck in 6 days. Currently, the company is ordering 500 units each time an order is placed. What should be the reorder point (excluding any safety stock) under the current policy?A) 48B) 100C) 6D) 24
Determine optimal quantities of decision variables. Which resources are not completely used by your solution. Elucidate how much of each resource is unused.
The presenting problem or specific request for help. Any other problems or concerns that might need to be addressed if an ongoing relationship were to occur
Compare or contrast managing conflict resolutions using the instrumental-oriented conflict approach and the expressive-oriented conflict approach
Elucidate however, there is not enough money for a full-blown, cross-functional enterprise application, also you will need to limit first step to a single functional area or constituency. Illustrate what will you choose, also why.
Illustrate what is the difference between the two. Explain how would you resolve this dilemma if you were Jack or Jenny.
Samuelsson Industries can produce its own motors for a $60,000 fixed monthly cost and a $50 variable cost per unit. Illustrate what option should be chosen if monthly demand is 1200 units.
Explain why ethical and cultural factors should be an important consideration in analyzing and choosing among alternative strategies
Has any aspect of the different levels approach been negative to the customer, or to the organization? Describe some of the best practices that leading companies using unique approaches to customer service have embraced.
The manager is reluctant to specify a backorder cost because she feels that substantial goodwill is also lost. She is willing to state that 98 percent of the customer demand should be satisfied immediately.
Some cases may be life-threatening, while others are inconsequential. Elucidate how the basic dispatch rules fall short in this situation?
Discuss the ethical violations concerning CVS Pharmacy banning tabacco products in their stores. Does this make sense from a "market system" perspective.
An oil refinery produces two products: jet fuel and gasoline. The profit for the refinery is $0.10 per barrel for jet fuel and $0.20 per barrel for gasoline.
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