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A shop makes candles. Monthly demand is 360 boxes. Raw materials can be produced (supplied) at a rate of 36 boxes per day. Daily usage rate is 18 boxes per day. Assume that demand is uniform throughout the month. Setup cost is $60 for a run, and holding cost is $2 per box per month.
Hint 1: Setup cost should be treated as ordering cost.
Hint 2: Larger time unit is the month and smaller time unit is the day.
Suppose that the economy is thought to be 2% above potential ( that is, output gap is 2%) when potential output grows 4% per year. Suppose also that the Fed is following the Taylor rule
Data collected on the monthly demand for lawn mower at Azaka Gaarden Supply are shown in the following table Period Demand for lawn mower January 10 February 12 March 18 April 16 May 19 June 23 July 26 August 30 September 28 October 20 Novem..
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Data collected on the yearly demand for 50-pound bags of fertilizer at Wallace Garden Supply are shown in the following table. Develop a 3-year moving average to forecast sales.
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The production process is most efficient when 12 units per day are produced at a cost of $119 per unit. Setup cost is $39. Inventory carrying cost at Johnson is determined to be 8 percent annually.
Will new competition for Redbox and digital content providers force blockbuster to alter its strategy? If yes, what are the offensive strategies for blockbuster?
Analyze the business-level strategies for MAC Cosmectics to determine the business-level strategy you think is most important to the long-term success of the firm and whether or not you judge this to be a good choice
An innovative restaurateur owns and operates a dozen "Ultimate Low-Carb" restaurants in northern Arkansas. His signature item is a cheese-encrusted beef medallion wrapped in lettuce.
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