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Consider the EOQ model. Order quantity is 20 units, daily demand is 4 units, and the lead time is 2 days. Holding a unit of the item in inventory for a full year costs 1.5 AED. Ordering cost is 1$. Assume a year to be 365 days. Also assume regular operations every day of the week.
a. What is the reorder point?
b. What is the average inventory level?
c. What is the length of an order cycle?
d. What is the annual cost of holding inventory?
Use the "Finding the Path to Operation Exellence at Zeni" Case to answer: What challenges did Patricio face in terms of current market trends?
Produce exponential smoothing forecasts for the series using a smoothing constant of 0.2 given that the forecast of week 3 is 98.
assume a firm has an average inventory of 50000 sales of 250000 gross profit of 100000 and net income of 25000. the
should it encourage its workers to focus on developing the kinds of skills that will make those workers more desirable to employers?
Oakton manufacturing makes two types of rocking chairs specifically designed for men and women known as the His and Hers models.
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Fraud and abuse in the healthcare industry has triggered changes and the creation of new laws.
Sequence the jobs shown below by using a Gantt chart. Assume that the move time between machines is one hour. Sequence the jobs in priority order 1, 2, 3, 4.
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Montegut Manufacturing estimated cost-minimizing quantity using production order model to be 500 units. Production averages 100 units per day, while demand is 20 units per day. Holding costs are $3.00 per unit per year, and setup cost is $60.00. If t..
What will you do in the near term to manage the uncertainty you face? How will you leverage partnerships with others?
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