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The Andy Dandy Candy Company has asked you to recommend an EOQ quantity for their jelly bean product. The only costs involved are the cost of ordering and the cost of holding inventory, which is equal to the average amount of capital times the interest rate. Backorders are not allowed and there are no other costs. When a shipment arrives, the company sells the jelly beans at a certain price until half of the shipment is sold at which time the company raises its price. Assume that the prices charged at both parts of a cycle are known, which implies that there are two known, continuous, constant rates of demand D1 and D2, D1 being the rate at the first part of a cycle with D1 >D2. As a consultant, you are requested to present the following: a) A graphical representation of the inventory process. (What is the fraction of time spent at rate D1?) b) A total cost equation, defining the terms c) Obtain the optimal order quantity. d) Find the solution for k=$20, vr=$2, D1=30, D2=15 e) Compare the above solution with the case when a single price is charged throughout the whole cycle with a demand rate of D1=D2=30. Compare the profits in both cases.
How does Williamson define opportunism? How does he relate this opportunism to the concept of bounded rationality and to the behavior of managers in organizations? If the locus of moral sensitivity in organizations resides in individuals working with..
sources must be cited in apa format. your response should be a minimum of one 1 single-spaced page to a maximum of two
Organizational climate is the hallmark of integrated purpose, strong focus on the advancement of the individual, and respect for all members. Discuss any situations you have encountered in your vocational experiences where this cohesiveness was evide..
Explain the types of forecasting methods we can use in each one of the time horizons?
Describe the process internal to the company that you wish to analyze. Identify an appropriate design approach for the process you have chosen.
Referring to Woodward’s research on manufacturing technology and structure, how would you categorize Honest Tea’s production? In what ways has this probably influenced the company’s structure?
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The Mayor of a large city was given a free membership in an exclusive golf club by people who have received several city contracts. He also accepted gifts from organizations that have not done business with the City but might in the future. What are ..
The fixed cost of producing a product at location is estimated as $40,000 per year. The variable production is estimated as $20 per unit. The product can be sold at a price of $60 per unit. What should be the minimum demand for this location to at le..
Continuous improvements will often require new organizational capabilities. Identify two areas relating to information processing where continuous transformations will be needed to implement lean manufacturing. Explain why.
Research on Safexpress and map their transportation network in india. Describe the No. of Hubs & Spokes used by them and how a small parcel will move from Chandigarh to Pune in their system
Kelly and David have lived in a home inherited from his parents. Their son James lives with them. David and Kelly obtain a divorce during the current year. Under the terms of the divorce, Kelly receives possession of the home for a period of 5 years ..
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