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A jewelry store buys semiprecious stones to make bracelets. The supplier quotes the following:
Number of Stones Price per Stone (P)
1-399 $10
400-599 $9
600+ $8
The supplier charges $48 for each order. Assuming the store's annual demand of 5000 stones, and the annual holding/carrying cost 30% of unit cost, what is the optimum order size (decide based on total cost)?
Show the strengths and weaknesses of the following methods for establishing base pay in international contexts: home country-based pay, headquarters-based pay, and host country-based pay.
A small shop sells a variety of smartphones. Suppose we know that the battery life of Smartphone A is normally distributed with a mean of 15 hours and a standard deviation of 6.4.
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