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Joe Birra needs to purchase malt for his micro-brew production. His supplier charges $35 per delivery (no matter how much is delivered) and $1.3 per gallon. Joe’s annual holding cost is 30% of the price per gallon. Joe uses 200 gallons of malt per week. a. Suppose Joe orders 125 gallons each time. What is his average inventory? gallons (Round your answer to 2 decimal places.) b. Suppose Joe orders 1250 gallons each time. How many orders does he place with his supplier each year? orders c. How many gallons should Joe order from his supplier with each order to minimize the sum of ordering and holding costs? gallons (Round your answer to 3 decimal places.) d. Suppose Joe orders 2250 gallons each time he places an order with the supplier. What is the sum of ordering and holding costs per gallon? per gallon (Round your answer to 2 decimal places.) e. Suppose Joe orders the quantity from part (c) that minimizes the sum of the ordering and holding costs each time he places an order with the supplier. What is the annual cost of the EOQ expressed as a percentage of the annual purchase cost? % f. If Joe’s supplier only accepts orders that are an integer multiple of 1,000 gallons, how much should Joe order to minimize ordering and holding costs per gallon? gallons g. Joe’s supplier offers a 3.00% discount if Joe is willing to purchase 8000 gallons or more. What would Joe’s total annual cost (purchasing, ordering and holding) be if he were to take advantage of the discount?
Use the five-step decision-making process discussed in Chapter 1 of Ethics in Information Technology (book) to analyze the following situations and recommend a course of action. You have been asked by the manager of software development to lead a sma..
Chapters 5 of Mastering Strategic Management, four generic strategies are outlined! Research a company that exercises one of the four strategies. Explain how the organization operationalizes the strategy. Attach the article (ensure the link works) as..
Know How Management Concepts Relate "Managing History and Current Thinking." How will you be able to use the classical approach to management in your job as a manager? How does Henri Fayol's contribution to management differ from the contribution to ..
In The Art and Science of Leadership, Nahavandi writes about the dark side of power. Provide an example. What organizational factors contributed to the leader's behavior? What were consequences of the behavior?
1 what is the corporate university model approach to organizing training.2 explain the business embedded model.3
A pharmaceutical company is working to introduce a new drug to cure a disease. The drug trials are taking longer than expected, and the marketing team wants to start advertising the drug within 2 weeks. As the project manager, you are under pressu..
Which one of the following is NOT a technical security control employed by electronic health record systems?
Choose a case study of your choice (British Airways) from those used in the lectures, analyse the service delivery process or the manufacturing process identifying what should be done to improve the processes and discuss why the case study company..
Develop a 5-6 slide PowerPoint presentation. Explain the nature of project management, the role of the project manager, and the 3 factors that affect the success of a project.
Discuss the components of an effective sales ethics program and how a sales manager would go about creating one. Explain why an ethics program for a sales force might be more important than for other departments.
Explain how teachers nurture young children's language development.
Conduct research using the Argosy online library, your text book and the Internet regarding the differences in culture, management styles, and communication strategies between the U.S. and Cambodia. Analyze at least three potential management con..
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