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Jim is a CFO of a mid-sized construction company. One of his key tasks is to ensure that the company has sufficient cash to pay its daily and hourly workers who are hired whenever need arises. The company operates all 365 days a year and Jim estimates that on any day his payroll is Normally distributed with mean $25,000 and standard deviation $7,000. Jim manages his cash reserves using the order-up-to model: each morning he places an order for cash with the bank and the armored vehicle arrives 2 days later with the money. It is company's policy to pay all workers on the same day, but in rare cases when the company runs out of cash it pays workers as soon as possible while increasing their paycheck by 1% for each day of delay. For each dollar carried the company incurs 15% cost annually which includes cost of capital and insurance.
What is the profit-maximizing order-up-to level for cash? (do not include $ sign)
No securities that are offered for sale in the U.S. are exempt from the registration requirements of the Securities Act of 1933.
Categorize different scheduling procedures for various types of service operations, such as restaurants, hospitals, and airlines.
"Internal Selection Factors" Please respond to the following: Choose three (3) internal selection factors that you believe would be most reliable for promoting employees within an organization. Next, describe two (2) reasons why an individual should ..
write down a 3-7 page double spaced reflective essay discussing your philosophy of healthcare management budgeting
The Budd Gear Co. specializes in heat-treating gears for automobile companies. At 8:00 a.m., when Budd's shop opened today, five orders (listed in order of arrival) were waiting to be processed.
Review the advantages of the work cell concept and how to integrate lean manufacturing concepts to the design.
The production manager advises the manufacturer that the factory should go for manufacturing instead of procuring them from the open market.
How would you assess whether or not you should negotiate? Identify the factors you would consider and the overall rule you would apply.
Form a group in which each member represents a different functional area of a firm. Provide a priority list of the information that could be generated from an MPS
List and briefly describe the two reasons given in your textbook for why developing software for wireless devices is challenging. Include and describe five (5) of the major software components associated with mobile computing in your response.
As is explained on both the Help screens for the Branded Sales Report and the Private-Label Sales Report, when exchange rate shifts result in a weaker US$ and a stronger Singapore $,
Share your thoughts about whether “complexity” is a waste or not? Explain your logic for your answer. Also explain how can you deal with complexity within and outside your organization and what would be the outcome of dealing with it the way you are ..
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