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Speedy Wheels is a wholesale distributor of bicycles. Its Inventory Manager, Ricky Sapolo, is currently reviewing the in- ventory policy for one popular model that is selling at the rate of 500 per month. The administrative cost for placing an order for this model from the manufacturer is $1,000 and the purchase price is $400 per bicycle. The annual cost of the capital tied up in inven- tory is 15 percent of the value (based on purchase price) of these bicycles. The additional cost of storing the bicycles—including leas- ing warehouse space, insurance, taxes, and so on—is $40 per bicycle per year. (a) UsethebasicEOQmodeltodeterminetheoptimalorderquan- tity and the total variable inventory cost per year. (b) Speedy Wheel’s customers (retail outlets) generally do not ob- ject to short delays in having their orders filled. Therefore, man- agement has agreed to a new policy of having small planned shortages occasionally to reduce the variable inventory cost. Af- ter consultations with management, Ricky estimates that the an- nual shortage cost (including lost future business) would be $150 times the average number of bicycles short throughout the year. Use the EOQ model with planned shortages to determine the new optimal inventory policy.
CAM theories and pratices are being used today by majority of people these days. These theories relate to the ethnomedical practices, which is the study of traditional branches of medicine which may or may not have related written text. These prac..
international business strategy and human resource managementexplain what is the link between an international
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Reading the email, you note a lack of civility, polarizing language, and other unethical language (given the context). Help Susan rewrite her email, so she can express her concerns over her poor grade politely and ask for help from the professor.
The role of the physician has evolved significantly over the past 10 years. There has been an introduction of new physical roles at the hospital level, and primary care physicians have become little more than strategic gatekeepers.
You will need to research various Fortune 500 companies and identity their best HRM practices. Be sure to identify and discuss the pros and cons of each functional area and state whether or not this practice will be one of your recommendations.
What are some of the possible effects if a leader fails to delegate responsibilities amongst other employees
There are two general types of job evaluation methods: those that investigate the job as a whole and those that investigate the job from a variety of components. Choosing one job evaluation method, examine how that method would be the preferable appr..
Choose one of two statements below and construct an argument supporting your position:
What, in your opinion, are the common aspects of servant leadership, ethical leadership, and moral intelligence? What does an organization need to do to accommodate these forms of leadership to ensure a fit between the organizational culture and lead..
Reflect on a situation in which a leader positively influenced your performance. Likewise, reflect on a situation in which a leader did not influence, or even hampered your performance. In the first case, highlight the specific strategies the lead..
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