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A produce distributor uses 1,200 packing crates a month, and each crate is purchased at a cost of $16. The manager has assigned an annual carrying cost of 20 percent of the purchase price per crate. Ordering costs are $40. Currently the manager orders once a month.
a) What is the Economic Order Quantity (EOQ) for this product?
b) How much could the firm save annually in total holding and ordering costs by ordering at the EOQ level? (Show the computations for the ordering, carrying and total holding and ordering costs in detail)
c) What would the net change (with its direction) in the ordering cost be by ordering at the EOQ level?
d) What would the net change (with its direction) in the carrying cost be by ordering at the EOQ level?
What are at least three main benefits of the just-in-time system? Present and explain them.
A firm stores data for other organizations. The company stores data across many states, providing backup data storage for state, municipal governments, and large corporations. The firm is deploying a new set of storage devices that are faster, denser..
he is likely to be optimistic about the others as well. For you simulation, this means that if on probability increases, the others are likely to increase. How might you incorporate this information into your simulation?
Draw the AON project network using Microsoft Project, Microsoft Visio, or some other tool capable of creating such a network. Perform a critical path analysis for the network and calculate the ES, EF, LS, and LF times. Calculate the slack time for..
This discussion will help you build skill in evaluating the interdependent variables that impact the value and trajectory of global leadership development programs in terms of their effectiveness in fostering deep self-awareness and growth as well..
Determine the shape and dimensions of the storage region that will minimize the expected rectilinear distance travelled between storage and the docks.
Healthy Plants Ltd. (HP) produces its premium plant food in 50-pound bags. Demand for the product is 100,000 pounds per week. HP operates fifty weeks per year and can produce 250,000 pounds per week. The setup cost is $200 and the annual holding cost..
Davis Instruments has two manufacturing plants in Atlanta, Georgia. Project demand varies considerably from month to month, causing Davis extreme difficulty in workforce scheduling. Recently Davis started hiring temporary workers supplied by WorkForc..
The “MARKETING CONCEPT” is best associated with companies INTENT on achieving a competitive advantage through:
Assuming the current trend continues, the loading volume will reach that level in approximately what week? (Round your intermediate calculations to 3 decimal places and final answer to the nearest whole number.) It would take approximately more we..
Illustrate what is the maximum number of flower pots which are held in inventory in a given ordering cycle. Depend on info below.
This company currently is in the travel and hotel support industry. As such, you supply support services to the travel and hotel industry such as linen services to cruise ships and major hotel chains in the Southeastern United States. Most of your..
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