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A specialty coffeehouse sells Colombian coffee at a fairly steady rate of 72 pounds per week. The beans are purchased from a local supplier for $5 per pound. The coffeehouse estimates that it costs $65 in paperwork and labor to place an order for the coffee, and the annual unit holding cost is 25% of the purchasing price per pound. (Use 52 weeks/year) a) What is the economic order quantity (EOQ) for Colombian coffee? b) What is the optimal number of orders per year? c) What is the optimal interval (in weeks) between the orders?
The following table provides the Dow Jones Industrial Average (DJIA) opening index. Develop a trend line and use it to predict the opening DJIA index value for years. Compare the MSE for this technique with the MSE for the Trends line and comment on..
Discuss three issues that can deter high performance when outsourcing a project.
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A food company is attempting to set the customer service level (in-stock probability in its warehouse) for a particular product line item.
The operations manager is monitoring the mean time by using a sample of 6 customers. Calculate the upper control limit for the operations manager if z = 1.96,
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a describe how the management functions of planning organizing leading and controlling relate to the engineering design
The two shift supervisors are at each other's throats, and you have to do something to correct the situation. What is the basic problem causing this conflict? What could you do to solve it?
please discuss how supply and demand drive the transportation industry? in your opinion how does the transportation
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