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Suppose that you are the manager of a production department that uses 600 boxes of specific parts per year. The supplier quotes you a price of $8.50 per box for an order size of 299 boxes or less, a price of $8.00 per box for orders of 300 to 1499 boxes, and a price of $7.50 per box for an order of 1,500 or more boxes. You assign a holding cost of 25 percent of the price to this inventory. What order quantity would you use if the objective is to minimize total annual costs of holding, purchasing, and ordering? Assume ordering cost is $120/order. Draw a total cost graph to support your calculations
Summarize the strategic performance improvement measuring process and how this process would apply to the industrial setting. Can the process include quality, OSH, and environmental management system metrics?
Using the Internet or library sources, evaluate the quality of the corporation in terms of management, the board of directors, and shareholder activism. Are the issues you list favorable or unfavorable for cound corporate governance?
Describe your approach to tracking a project. What kinds of issues would you focus on if you were a project manager? Why?
write a 700- to 1050-word paper in which you explain how internal and external factors affect the four functions of
write a 200- to 300-word short-answer response to the following questionsbull what are the advantages and disadvantages
The overall average on a process you are attempting to monitor is 50 units. The average range is 4 units. The sample size is 5. What are the upper and lower control limits of a 3 sigma mean chart?
Describe a non-programmed decision you have made using the rational decision making model. At what point did bounded rationality kick in? What might have happened if you did not accept bounded rationality at some point?
An asset is purchased for $20,000. If it has a useful life of 10 years and salvage value of $5000. a) Use the DB and DDB methods to determine: the depreciation charges and book values for years 2, 4, 9, 10. b) What is the implied salvage value for th..
A consultant has estimated the net present value of Theme Park's 2 alternatives under each state of nature of the planning board's decision as shown below.
Identify two (2) specific aspects of the Athenian Acropolis and its Parthenon, and explain their significance to ancient Greek culture and the western heritage in the arts. Comment on one (1) feature of the ancient Greek theater that you find especia..
Suppose that a table lamp fails to light when turned on. Prepare a simple cause and effect diagram to analyze possible causes.
Propose the method you would use, if you were the hiring manager, to determine the compensation an employee deserves
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