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Q. Use the following scenario to answer the next 2 questions: Ye' Olde Barrel Shop sells oak barrels to a local winery. The Master Cooper would like to reduce her oak lumber inventory by determining the optimal number of oak boards to order. The Yearly demand averages 10,125 boards and the order cost is $24.00 per order. Holding cost is estimated to be 15%. The purchase cost of each board is $8.00. The standard deviation of daily demand is 10 boards. The standard deviation of lead time is 1.5 days. Assume 260 days in the year and an average lead-time of 6 days. Illustrate what is the EOQ?
Describe how important are crash-safety rating to new car buyers. Does the degree of importance depend on the circumstances of the buyer.
Quantitative Analysis for decision making class
The Waikiki Enterprise Corporation produces two types of computers at its manufacturing plant in Torrance, California. Profit on computer A is $900 per unit and for B it is $600.
Describe how would you respond to the criticism which EOQ models tend to give misleading results because value of D, S also H are, at best, educated guesses.
Elucidate what reorder point would you recommend. Elucidate what is the safety stock also annual safety stock costs for this product.
Baseball Card Emporium (BBE) of Lewistown, Pennsylvania, is a distributer or of baseball cards to sports card retailers. Estimate using air carrier service to ship the cards.
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
Elucidate what is the probability which a random number from the triangular distribution is less than 400. Elucidate what is this probability for the normal distribution.
Explain the process of generating and selecting topics for your research proposal. What is the difference between the research paper, research proposal, and term paper?
Elucidate what is the theoretical minimum for the smallest number of workstations which Helms can achieve in this assembly line.
If you were a part of an Action Research dissertation with your peer and Without your knowledge which you were being observed as the participant in a study.
Compute the economic advantage of the alternative recommended by you in part a) above over the other alternative.
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