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Q. Everett Mann's Dream Store sells waterbeds and supplies. The best selling bed in the store has a Yearly demand of 400 units. The ordering cost is $40, while the holding cost is $5 per unit per year. There are 250 working days per year and the lead-time is 6 days.
(a) To minimize total cost, explain how many units should be ordered each time an order is placed?
(b) If the holding cost per unit was $6 instead of $5, illustrate what would the optimal order quantity be?
The line graph for projected monthly sales at Juan's Records shows a steady increase or 5 albums per month during the year. In January, 100 albums were sold. Describe how many are expected to be sold during the year.
On their farm, the Friendly family grows apples that they harvest each fall and make into three products-apple butter, applesauce, and apple jelly. Propose a linear programming model for this problem. Solve the model by using the computer either ex..
Modern Clothing, Inc., and National Denim Corporation use the mark "Made by Members of the U.S. Textile Workers Union" on the tags of their products to indicate the participation of the union in the manufacture. Modern and National are not in busi..
In this 350 word response with references, circumstances in which objective function is more significant than constraints is discussed. The opposite is also discussed.
f you were to be sent to another country to work for a period of time, where the cultural ethical standards were very different from yours. Explain how willing would you be to "go along" with the ethical standards of which culture.
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Compare and contrast the regulatory alternatives of the text in terms of the efficiency and efficacy these alternatives might provide to businesses and consumers.
Standard selling price is $125 per unit. Overhead is charged weekly at the rate of $1,500 plus .5 times direct labour cost. Suppose a 40-hour week also an hourly wage of $16. Material cost is $10 per foot. Elucidate what is the average multifactor..
Design a program that asks for the price of each item and then displays the subtotal of the sale, the amount of the sales tax and the total.
Determine the number of units that should be manufactured each month on regular time and on overtime to minimize total production and storage costs.
Imagine you are the marketing manager responsible for developing marketing strategy for a bicycle company. Propose the strategic marketing process you will use being sure the name the stages, the activities included in the stages and stage specifi..
Describe the key characteristics and differences of the qualitative, quantitative, mixed, and action research methodologies.
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