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Assume you have a product with the following parameters: Demand= 360, Holding cost per year=$1.00 per unit, Ordering Cost= $100 per order
What is the EOQ?
Given the data from Problem 5, and assuming a 300-day work year; how many orders should be processed per year? What is the expected time between orders?
What is the total cost for the inventory policy used in Problem 5?
Assume that the demand was actually higher than estimated (i.e., 500 units instead of 360 units). What will be the actual annual total cost?
Illustrate what is a problem identification formulation style for the private security sector. Explain how much could the industry save annually in ordering also carrying costs by utilizing the EOQ.
A.C. Markkula, Jr., a co-founder of Apple, takes the position that access to the internet is a privilege and not a right. To curb some of the abuses and harmful effects Markkula suggests (perhaps tongue in cheek or perhaps seriously?) a drivers licen..
Defend your answers. You may not simply say that they all the same. Give at least one example of each one that tends to make it more or less of a challenge.
Pine and Acorn's human resources manager Harry informed Laura that she had evaluated most of her subordinates similarly as doing average or above-average work.
Examine arbitration as a quasi judicial process in which parties agree to submit unresolved disputes to a neutral third party for binding settlement.
Define and discuss profit-sharing plans and also the advantages. Additionally, critics of profit sharing plans maintain that these plans do not motivate employees to perform at higher levels. Under what conditions are profit sharing plans not likely ..
Is the "heavyweight" project teams an approach that you would recommend to Lilly for commercialization of the Evista product?
Define and explain the term authority, and discuss the bases of authority. How does authority differ from power? Explain how people or departments within organizations can gain power through control of resources and through solving key organizatio..
What can a front-runner business do to foil the assaults of second movers? Is the second-mover advantage always a good business strategy?
Illustrate what lead time in weeks in need to respond to a customer order for product A, assuming no existing inventories or scheduled receipts.
Who should be part of the planning process? What problems could arise due to the changes? How will you measure the success of the change management plan?
Below is a table of data collected over a six month period in a local grocery store. Construct a pareto analysis of the data and determine the percentage of total complaints represented by the two most common categories.
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