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The catering manager of LaVista? Hotel, Lisa? Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday? night, when her crew tried to set up for a banquet for 500? people, they did not have enough knives. She decides she needs to order some more? silverware, but wants to take advantage of any quantity discounts her vendor will offer. followsFor a small order ?(2 comma 000 pieces or? less) her vendor quotes a price of ?$1.80?/piece. followsIf she orders 2 comma 001 to 5 comma 000 ?pieces, the price drops to ?$1.60?/piece. follows5 comma 001 to 10 comma 000 pieces brings the price to ?$1.40?/piece, and follows10 comma 001 and above reduces the price to ?$1.25?/piece. ?Lisa's order costs are ?$195 per? order, her annual holding costs are 5?%, and the annual demand is 46 comma 600 pieces. For the best option? (the best option is the price level that results in an EOQ within the acceptable? range): A) What is the optimum ordering quantity? B) What is the annual holding cost? C) What is the annual ordering cost? D) What are the annual cost of the silverware with an optimal order quantity? E) What is the total annual cost, including ordering, holding, and purchasing the silverware?
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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