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A manufacturing operation must periodically purchase bulk quantities of machine screws. The operation expects to consume 18,200 boxes of screws over the coming year. Each box costs $400, the annual holding cost per box is $29, and the cost of placing an order is $50 (regardless of the quantity ordered). For the following questions, use the basic economic order quantity model (without quantity discounts).1. What is the economic order quantity?2. Calculate the annual inventory holding costs based on the average inventory level and annual holding cost per box.3. Calculate the annual inventory ordering costs based on the number of orders expected to be placed during the coming year.
At a recent seminar on managing the human resource function, you overheard two people speaking about the value of personal selling, sales promotion, and relationship marketing strategies.
Analyze the different development approaches and discuss which approach (or which combination of approaches) would be most appropriate to you in your current position and state why.
Explain why have OSHA's ergonomic requirements been a source of controversy. Illustrate what position do you think OSHA should take on ergonomics.
During busy periods, a new customer walks into LHS every 15 minutes. At SHC, a customer walks in every hour
Explain the differences between hard technology and soft technology. Give some examples.
What term is used by the Federal Government to denote ultra high security prisons?
Discuss elucidate how conflict regarding definition of public also private space influences relationship between private also public police.
Assume that Valentine's Day (February 14th) is approaching! As the owner of Dream Flower Florists, you want to increase your share of local business by advertising on the radio.
What advancements in operations management in other countries have affected the way companies in the United States operate?
What are the different types of organizational strategies? What are the differences among these strategies? How do you determine which type of strategy is most appropriate for your organization?
Forecast sales of jeans for March through June using the naïve method, a two-period moving average also exponential smoothing with an ?= .02. Compare the forecasts using MAD also decide which is best.
What can top managers do to maximize chances for success here? Cisco went live with ERP in a big bang fashion, which is inherently risky. How did Cisco mitigate this risk?
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