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A manufacturer is sourcing a component for a new product. Expected monthly demand is 705 units. The component can be purchased from either supplier A or supplier B, with the following price breaks: SUPPLIER A SUPPLIER B Quantity Unit Price Quantity Unit Price 1–199 $14.00 1–149 $14.10 200–499 13.80 150–349 13.90 500 + 13.6 350 + 13.5 Ordering cost is $31 and annual holding cost is 25 percent of unit price per unit. a. Which supplier should be used? b. What order quantity is optimal if the intent is to minimize total annual costs? c. What is the minimum annual inventory cost?
Labor costs of an auto mechanic are seldom based on actual hours worked. (Many of us realize this when we have serviced our automobiles). Instead, the amount paid a mechanic is based on an industry average of time estimated to complete a repair job. ..
Two models of a product - Regular (X) and Deluxe (Y) - are produced by a company. A linear programming model is used to determine the production schedule. Which of these constraints is redundant?
you wish to show data on your companys sales for the preceding ten years. further you want your readers to see the
Analyze the manner in which job satisfaction impacts both individual performance and an organization's ability to meet its objectives. Give at least two (2) examples of the major organizational factors that contribute to job satisfaction.
How does the threat of a strike (or actual strike) affect the negotiating process and its tendency to bring about conditions necessary for agreement by union and management?
Choose a product (e.g., a tube of lipstick, 1 pound bag of coffee, 12 pack of beer) and find four brands that compete in this market space. The brands chosen should vary from low to high end. Determine the target market for each, how each brand posit..
Several tools that can be useful when assessing for project uncertainties. Compare and contrast risk mapping, FMEA, and the gut-feeling method. Which method do you feel is most productive? Why?
In 2008 in the financial institutions collapse and the 2008 recession, many financial institutions, who were involved in selling hiigh risk mortgages, were paying executives enormous sum of money (lehman) Consider the ethical and legal implications, ..
The market researchers claim their experience enables them to use Bayes’ theorem to make the following statements of probability. Develop a new decision tree for the medical professionals to reflect the options now open with the market study. Use the..
Manager Chris Channing of Fabric Mills, Inc., has developed the forecast shown in the table for bolts of cloth. The figures are in hundreds of bolts. The department has a normal capacity of 275(00) bolts per month, except for the seventh month, when ..
Think about a time when you were in a negotiation situation. This could be as a customer purchasing something, or as a seller. This also applies in social context with family, friends and coworkers. What type of "power" did you and the other party po..
Karl Murphy is preparing for a meeting with his banker. His business is finishing its fourth year of operations. In the first year, it had negative cash flows from operations. In the second and third years, cash flows from operations were positive. D..
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