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Howard Electronics, a small manufacturer of electronic research equipment, has approximately 7,000 items in its inventory and has hired Joan Blasco-Paul to manage its inventory. Joan has determined that 10% of the items in inventory are A items, 35% are B items, and 55% are C items. She would like to setup a system in which all A items are counted monthly (every 20 days), all B items are counted quarterly (every 60 working days), and all C items are counted semiannually (every 120 working days). Question: How many items need to be counted each day?
Ordering larger quantity would increase safety stock. Ordering more frequently would reduce safety stock and increase the chance of stock outs.
You would like to construct an aggregate production plan for product X341 for the next four quarters. Suppose that you want to use a chase strategy that increases and decreases production level to meet the quarter demand.
assuming a 90% target CSR labor utilization rate, how many telephone calls can these 3 CSRs handle during this time period.
Construct the appropriate decision tree to help the oil company make the appropriate decisions. This tree must be constructed in logical order with labels and net payoffs. It also includes the revised probabilities
Each year firm, on a random basis, uses about 2,000 of item X, which costs $25 each. Storage costs, which include insurance also cost of capital, amount to $5 per unit of average inventory. Illustrate what is annual cost for ordering item X.
While running to help his son on farm property, Arvid tripped on a wire also broke his ankle. Joneses sue Morrisons for their injuries. Explain whether Morrisons owe a duty of care to Andrew also Arvid. "
How many gas and electric trimmers should Weedwacker make, and how many should it buy in order to fulfill its contract in the least costly manner?
How do norms affect the behavior of team members?
Multiple models are often used in supporting business decision making. Why might this be the case and what factors may dictate the need for multiple models?
Businesses are advised to price products according to the value the products provide the customer. but rarely do business customers come right out and tell a selling firm what the value is to them.
As the HR manager, the CEO has asked you to create a staffing plan to bring in talented job candidates who can help get the company back on a growth trajectory.
What is the difference between line personnel and staff personnel? Why are the two groups so often in conflict? Do you think this would also be true in a virtual organization?
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