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M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 245 units, and this is constant throughout the year. Carrying cost is estimated to be $1.00 per unit per year, and the ordering cost is $19 per order.
a) To minimize cost, how many units should be ordered each time an order is placed?
b) How many orders per year are needed with the optimal policy?
c) What is the average inventory if costs are minimized?
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Stoneware Pottery Company wants to determine how many bowls and mugs should be produced per day in order to maximize profit given the labor and material constraints.What is the optimal solution?
Consider three items with the following profiles in a warehouse: (Items, Annual Demand (units), Annual Requests, Unit Cube (ft3)), (X, 200, 20, 1), (Y, 100, 15, 0.5), (Z, 300, 10 , 2). What is the total demand in cube for all three items?
Hayes Electronics stocks and sells a particular brand of personal computer. It costs the firm $450 each time it places an order with the manufacturer for the personal computers. The cost of carry-ing one PC in inventory for a year is $170. The optim..
You have been asked to develop a new process for handling patient records. You’d like to convene a task force to design an ideal system. Based on the Hoy-Tarter Model of Shared Decision Making, you should seek out people who ___________________.
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Your responses should be well-rounded and analytical and should not just provide a conclusion or an opinion without explaining the reason for the choice.
Product A is assembled from two units of S1 and three units of S2. S1 is made of one unit of C1, four units of C2, and one unit of C3. S2 is made of three units of C2 and two units of C3. How many C3’s are needed to fill an order for 100 A’s? Assume ..
However, one carrier quoted a transportation cost of $20 per hundredweight for a consolidated shipment, with an additional charge of $200 for each stop on the delivery. Should Jones choose consolidated shipment alternative?
XYZ Company has had an effective capacity of 850 units per day and produces 800 units per day among all products. The company efficiency is what percentage____?
What are the annual cost of the silverware with an optimal order quantity? What is the total annual cost, including ordering, holding, and purchasing the silverware?
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