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Q. A produce distributor uses 760 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an Yearly carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once a month.
Explain how much could the firm save Yearly in ordering and carrying costs by using the EOQ? (Round intermediate calculations and final answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)
Why positive ratio specifies reduced from present resource also negative ratio specifies increased from present resource.
PERT Method of project scheduling - PERT requires three time estimates for scheduling a given activity. PERT assumes that the actual activity times are distributed according to the beta probability distribution.
Since the deregulation of the airline industry, fierce competition has forced Global Airlines to re-examine their operations for efficiency also economy. Describe how many agents should Global staff.
Ten samples of a process measuring number of returns per 100 receipts were taken for a local retail store. Find out his standard deviation of sampling distribution.
she fears which the supervisors will be biased towards making the component in house, as they tend to favour retaining more work for their people. Elucidate what should Nancy Bush do.
Operations Management problem relating to an organisation with which you are familiar and undertake a critical review
The problem deals with discussing the differences between constrain and objective function under linear programming.
different standards for different products or services (e.g., 1.00, 1.20, 1.33 also 1.40). Elucidate what reasons might there be for using a single measure also Elucidate what reasons might there be for using multiple standards.
Explain the elements of valid contract, and describe how consumers and banks each have a duty of good faith and fair dealing in the banking relationship.
What steps in research process do you find most valuable? What are the benefits of the conducting research and analyzing sources?
X and Y are foreign exchange traders in Germany. X agrees to sell 100 million Mexican pesos to Y for delivery within 1 week at an agreed price in German marks.
This solution describes key aspects of corporate social responsibility. Explain the five areas of CSR which you would deem important to change in any organization in order to make an emerging paradigm with regard to social responsibility.
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