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Garden Variety Flower shop uses 1440 clay pots a month. The pots are purchased at $16 each. Annual carrying costs per pot are estimated to be 25 percent of cost, and ordering costs are $320 per order. The manager has been using an order size of 800 flower pots. There are 4 weeks in each month, 12 months a year. a. What is the Economic order quantity (EOQ)? What is the total cost associated with EOQ? b. What is the average number of clay pots on hand using EOQ? c. What is the total number of orders per year using EOQ? What is the time-between-orders (TBO) in weeks if using EOQ? d. What additional annual cost is the shop incurring by staying with the order size of 800? (as opposed to using EOQ) e. If order lead-time is three weeks, what is the reorder point? (ROP)
Alpha Appliances, Inc. is a major distributor of household appliances. Its customer base consists of local retailers who stock a variety of products including appliances. Alpha purchases bulk of its products from China, Mexico, India, and Thailand. T..
Identify the stages of group development in Tuckman's 5 stage model, an.d briefly discuss the differences between the 5 stage model and Gersick's punctuated equilibrium model.
Which of the following are two doctrines that generally prevent an offer from being revoked?
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Which of the following is a major aid in communicating tacit knowledge?
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Maxwell Manufacturing makes two models of felt tip marking pens. Requirements for each lot of pens are given below.
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Illustrate what is change in productivity of non-defective units for Aztec using new assembly process? Note: list answer in three decimal place format.
As you read the article, consider the following questions: How could the topic of this article apply to your personal or professional life, and how could it apply to an organization you have observed?
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