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Hayes Electronics stocks and sells a particular brand of personal computer. It costs the firm $450 each time it places an order with the manufacturer for the personal computers. The cost of carry-ing one PC in inventory for a year is $170. The store manager estimates that total annual demand for the computers will be 1,200 units, with a constant demand rate throughout the year. Orders are received within minutes after placement from a local warehouse maintained by the manufac-turer. The store policy is never to have stockouts of the PCs. The store is open for business every day of the year except Christmas Day. Determine the following:
a. The optimal order quantity per order
b. The minimum total annual inventory costs
c. The optimal number of orders per year
d. The optimal time between orders (in working days)
Waterfront Hotels Corporation in Boston offers a job to Carol, who lives in Denver. Carol orally agrees to work for Waterfront for two years. She moves her family to Boston and begins work. Three months later, she is fired for no stated cause. She fi..
From some organization(s) where you have worked (or someone else has worked), write 2 scenarios from the strategic perspective as follows, Explain the BEST strategic planning and implementation.
Learning curves show:
Defines the major tasks or work elements to be performed to accomplish and produce all projects Deliverables
Most of your supplies are purchased from just a few distributors that call on your store once every two weeks.
Companies use various methods to communicate their strategies and Balanced Scorecards to employees. Traditional methods such as newsletters, training programs and bulletin boards are commonly used tools. Identify and discuss the benefits of using a n..
Use carts per worker per hour as the measure of labor productivity. (Round your answers to 2 decimal places.) b. Compute the multifactor productivity under each system. Use carts per dollar cost (labor plus equipment) as the measure. (Round your a..
Imagine that you are beginning the very first social networking site, fast-food restaurant, or pizzeria, and develop a brief business plan that highlights the financial, marketing, and organizational aspects.
The Management Model (Planning, Organizing, Leading, Controlling ) is universal. In other words, managers at all levels of all departments in all kinds of organizations use this system
Stock is received 12 working days after an order has been placed. No backordering is allowed. Suppose 325 working days a yr. Illustrate what is Dotcom optimal order quantity.
What key operations decisions helped Crocs develop a competitive advantage over other shoe manufacturers. Briefly describe Crocs' supply chain. What innovative ideas did Crocs integrate into its supply chain model to reduce costs and improve effici..
Define and discuss quality management, the evolution of the quality improvement movement, and implications of public health for health care organizations to implement national quality initiatives.
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