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A small shop makes candles. Monthly demand is 360 boxes. Raw materials can be produced (supplied) at a rate of 36 boxes per day. Daily usage rate is 18 boxes per day. Assume that demand is uniform throughout the month. Setup cost is $60 for a run (order), and holding cost is $2 per box per month. Hint 1: Setup cost should be treated as ordering cost. Hint 2: Larger time unit is the month and smaller time unit is the day.
1. What is the economic order quantity?
2. What is the maximum inventory level?
China recently revalued their currency. What was the impact of the currency change? How do you explain those impacts?
Logistics comprises a relatively large number of managerial activities. Discuss five of these activities and why they are important to logistics system.
One Hour Loan offers customized loans. Customers call a toll free number with a specific loan request, and obtain a response within an hour. One Hour Loan's business process includes five activities which must be conducted in the sequence described b..
Select a topic for your feature story and podcast and begin your research on that topic. Find an example of each of these types of sources and provide the URL. Submit your list of sources by the end of the class.
We know physicians are very busy but one mistake can make them regret it. They have to listen to patients who are now more educated than ever. How can we balance the two and ensure the relationship is aimed to take care of the patient? What needs to ..
Find an example of a company that has a "values-based" culture and provide examples of how their corporate culture meets the definition of "values-based."
Describe the steps in making sure that flights take off on time for an airline. Describe the different steps that must occur for an on-time plane departure. For example, how does the airline make sure that the plane is properly fueled on a timely ..
Discuss the Steps in Civil Litigation. Millie mows her own yard to save money. Her neighbour Paul, however, hires a lawn service to mow his yard. One day Millie is looking out the window and sees Paul's lawn service drive up. Discuss, when and how an..
What component of the project plan will help you determine how to manage this request for new requirements? Explain how this component is used to manage project changes.
You have been asked by your supervisor to speak at the next manager meeting about the following topic- What are the advantages and disadvantages of the electronic medical record for patients and for providers
1. long-term averagesa local hospital needs to determine the size and staffing levels for its maternity ward. from
The process engineer at Strowbridge Metal works has the choice of machining a particular part on either of two machines. Orders for this part re received regularly, but the order size varies.. Which machine is preferred if the order size is 100 units..
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