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A flower shop uses 800 clay pots per month. The pots are purchased at $2 each. Annual carrying costs are estimated at $.60 per pot per year and ordering costs are $20 per order. The manager has currently been using an order size of 1600 flower pots per order. Considering this, please answer the following questions :
- What is the number of orders per year if the manager uses the current order quantity of 1600?- What is the number of orders per year if the manager uses the Economic Order Quantity?- What is the maximum number of flower pots that are held in inventory in a given ordering cycle?
The concept of competitive advantage is as important for a nonprofits organization as it is for profit organizations.' Do you agree or disagree with this statement. Explain, utilizing examples to make your case.
A worker-machine operation was found to involve 3.6 minutes of machine time per cycle in the course of 40 cycles of stopwatch study. The worker's time averaged 2.5 minutes per cycle
If the vendor is willing to offer a discount of $10 per order for ordering multiples of 50 units (e.g. 50, 100, 150), would you advise the manager to take advantage of the offer in either period?.If so, illustrate what order size would you recomme..
Set up the above problem appropriate for the transportation model. Find the starting solution using the NW corner method
Consider an EOQ model with shortages having demand rate a, setup cost K, holding cost h, and shortage cost p. Alternatively, consider a POQ model with demand rate a, setup cost K
This solution exemplifies how to select the correct constraint which is based upon the information given in linear programming problem. This is all addressed in under 50 words.
Compute the expected value of every alternative number of (dozens of) carnations which could be stocked also select the best decision. Construct the opportunity loss table also determine the best decision.
he criterion shipment methods take two days. Elucidate but for an additional charge of $500, the container can be sent overnight. The annual holding cost rate for this type of item has been estimated at 28percent. Illustrate what option is more ec..
Demand for chairs is limited to 6 per day. Each chair requires 8 hours of labor and 2 board-ft. of wood, whereas a table requires 10 hoursof labor and 6 board-ft. of wood.
Your best friend owns a small children's clothing store located in the downtown area of a community of 50,000 citizens. Business has been slow the past year due the construction of several new strip malls and a new Wal-Mart store
Line will operate for 450 minutes per day. Illustrate what is minimum number of workstation needed if maximum output rate is to be sought. Illustrate what range of output is theoretically possible for line.
Elucidate how to manage an organization manufacturing motor cars in a turbulent also dynamic environment. Briefly discuss vendor relations in lean systems in terms of subsequent issues. Why are they important.
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