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Q. The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order has been estimated to be $12.00. The store uses an inventory carrying charge of 27% per year. Decide the optimal order quantity, order frequency and the Yearly cost of inventory management. If, during automation of the purchasing process, the ordering cost can be cut to $4.00, illustrate what will be the new economic order quantity, order frequency and Yearly inventory management cost? Explain these results.
Using Johnson's rule, illustrate what order should these occupation be done. Select one of the following answers.
Suppose that management of Mytrle Air express believes that the probability of weak demand is 0.70. and the probability of weak demand is 0.3. Use the expected value approach to determine an optimal decision.
Suppose which Always Rain Irrigation's marketing department will undertake an intense ad campaign for the bronze sprinklers which are more expensive however also more durable than the plastic ones. Forecast demand for the next four years.
This solution explains some of the risks that are inherent with doing business in China. For many global companies, China represents a highly attractive market in terms of size and growth rate.
Virtual organizations located on the student website. An organization with which you are familiar. Write a 700- to 1,050-word paper in which you explain operation management's role in business today. Comprise the following:
Think about one of your previous places of employment. Using the contingency approach, explain illustrate what your managers do, "the way they coordinate and integrate work activities." Illustrate what does their management style depend on.
explain how has government reacted on the federal, state, and/or local level to counter various global and domestic threats.
Nancy also revealed a problem with her right wrist. Elucidate what is causing or contributing to the delays in release of information requests.
Describe how can delta airlines improve its sky miles program to be more efficient, more attractive also give greater rewards for their customers.
Formulate linear programming model for this problem. Mention the objective function (minimize or maximize) and all model constraints. Solve this model graphically. Identify the following: each constraint line, feasible solution area, x1, x2 and Z..
Recognize a problem in your organization, or a challenge from your simulation experience, and apply the four stages of Martin's decision-making model to it.
Discuss any similar or opposing perspectives you have, with at least 2 of your peers. Take care to be professional and polite even if your beliefs or viewpoints differ.
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