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The Heavy Duty Company produces a variety of industrial machinery. One of its vendors is Fine Bearings, which supplies Heavy Duty with all of its ball bearings — approximately 52,000 per year. Since Fine Bearings is a small company, it fills large orders gradually rather than in a single delivery. Each time Keith Graham, Heavy Duty's inventory manager, places an order for ball bearings, Fine Bearings begins delivering them a week later at the rate of 2,000 per week. Keith estimates that, in addition to the purchase cost, the cost of placing each order (including shipping costs, the cost of processing and paying for the order, and the cost of inspecting the deliveries and putting them into storage) is $1,000. He also estimates that the cost of holding each ball bearing in inventory is $13 per year.
1. Using EOQ with gradual replenishment, what is the optimal quantity size?
2. What is the total annual setup cost?
3. What is the total annual holding cost?
4. What is the total variable cost (TVC)?
How do self-driving trucks impact the (transportation and distribution) supply chain?
What controls or limitations would you impose on RFID tags and use to minimize the fears of invasion of privacy?
Discuss the differences between fraud and abuse. During your discussion, provide examples of each and how health care managers might deal with them.
Katrina is complaining to her landlord about the six-inch long cockroaches in her apartment. The landlord scoffs, saying: “Cockroaches don’t get that big! I’ll pay $10,000 to anyone who can show me a six-inch cockroach.” Will, a bug collector, overhe..
Assignment On Describe Information Management and Quantitative Research Techniques
There are currently three cashiers with dedicated lines (single channel system). The customer arrival rate for a line is 10/hr and the service rate is 12/hr. A newly hired manager decides to merge all the times to create a multichannel system.
What is the "best" kind of research: qualitative or quantitative?
What percentage of the patients requiring trauma bays end up being sent to another hospital? How many patients are treated in the trauma bays on an average 24 hour day?
What is the required return? (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
What is the importance of diversification in determining the right mix for your investments? Do you actually believe in the value of diversification as a strategy in your portfolio management? Why?
What has quality meant in the organization where you have worked? How is it measured? Be sure to thoroughly explain your answer.
How important are ethical concerns in their marketing strategy?
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