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A large medical clinic uses 500 cases of floor polish per year. Purchases are made at an ordering cost of $15 per order. Inventory carrying cost is 20% per year. The price schedule, which includes the transportation cost, shows that orders of less than 50 cases will cost $49.95 per case; between 50-79 cases will cost $44.95 per case; and 80+ cases will cost $39.95 per case. Prices apply inclusively to all units bought. What is the optimum purchase order size that should be placed, and what is the total cost?
You depend on committee members to return to their respective departments and implement decisions made by committee. You are glad that most members appear to be sincerely interested in improving coordination among departments.
What benefits can be gained from case studies? What dangers, if any, are there in using case studies? In what ways are they useful? Support your answers.
In the past few years, the traffic problems in Lynn McKell's hometown have gotten worse. Now, Broad Street is congested about half the time. The normal travel time to work for Lynn is only 15 minutes when Broad Street is used and there is no congesti..
Define and explain the term authority, and discuss the bases of authority. How does authority differ from power?
How does the product type influence what marketing communication mix the company will use? Do you believe these companies used the best promotional tool? If yes, explain why. If not, share what promotional tool you feel would be better and why.
Considerable success has been achieved by companies practicing TQM. What are the major hurdles to continuing quality improvements that manufactures
Develop, in equation form, linear programming model that will determine the optimal number of pickup trucks and moving vans Bay City Movers should purchase.
The production manager at company XYZ needs to prepare forecasts of product demand in order to plan for appropriate production quantities. In the past, demand for the product has been strongly dependent on the effort put in advertising and promoting ..
Each deluxe pizza uses 1 pound of dough mix and 8 ounces of topping mix. Determine the number of regular and deluxe pizzas the company should make to maximize net income. Create a linear optimization Model
The laundry firm that has the contract requires a 4-day lead time. the hotel expects a 98% service level to satisfy high guest expectations.
Who makes the strategic decisions for most organizations?
Must linear programming be employed under conditions of certainty? This solution discusses the usefulness of LP even under the degree of uncertainty in 241 words.
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