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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, 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.>For a small order (2,000 pieces or less) her vendor quotes a price of $1.80/piece.>If she orders 2,001 to 5,000 pieces, the price drops to $1.60/piece.>5,001 to 10,000 pieces brings the price to $1.40/piece, and>10,001 and above reduces the price to $1.25/piece.Lisa's order costs of $205 per order, her annual holding costs are 5%, and the annual demand is 47,000 pieces. For the best option, (the best option is the price leve 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?
give a brief example of how a balanced scorecard could be developed and applied to some aspect of marketing. For my personal clarification, how is the balanced scorecard related to contingency planning?
The sampling distribution can be assumed to be approximately normal even when the underlying process distribution is not normally distributed.
Assume you are a manager of a large heavy equipment manufacturing company. Your company currently outsources the manufacturing of a specialized piece of equipment to a firm in another country.
evaluation criteria during the procurement phase or after they have submitted their proposals/bids. Please answer in 120 words or less also cites url or references used.
Are there any personality types that leaders should avoid recruiting among organizational members? Please provide reference sources for information provided.
What is the current multifactor productivity? Charles Lackey operates a bakery in Idaho Falls, Idaho. Currently, the bakery has 4 employees, each one working 160 hours per month. Because of its excellent product and excellent location,
What would you do if you were in a position at Nike to decide whether to continue or revise your labor practices in a foreign country?
NOP Bicycle Parts uses a periodic review inventory control system for one of its stock items. The review interval is 6 weeks, and the lead-time for receiving the materials ordered from its wholesaler is 3 weeks.
Assess the performance measures by which senior management will evaluate the effectiveness of the planning and consulting department regarding the department's role in the justification of the new hospital.
Riverside oil company in eastern Kentucky produces 3 different grades of gasoline. They are regular, premium, and supreme grades. Each barrel of regular grade sells for $82 while premium grade sells for $88 per barrel and supreme grade sells for $89 ..
Discuss an ineffective health-care policy that you personally experienced in your practice, and describe the issues that you feel made it unsuccessful.
The marketing department at State University is working on a project with the following information. The Activity Time is also referred to as the Normal Activity Time and is the time it takes to complete the activity based on the normal times.
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