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Happy Pet, Inc., is a large pet store located in Long Beach Mall. Although the store specializes in dogs, it also sells fish, turtle, and bird supplies. The Everlast Leader, a leather lead for dogs, costs Happy Pet $7 each. There is an annual demand for 6,000 Everlast Leaders. The manager has determined that the ordering cost is $20 per order and the carrying cost, as a percentage of unit cost, is 15%. Happy Pet is now considering a new supplier of Everlast Leaders. Each lead would cost only $6.65; but in order to get this discount, Happy Pet would have to buy shipments of 3,000 at a time. Should Happy Pet use the new supplier and take this discount for quantity buying?
What is the total cost with the discount?
Suppose that you are in charge of a production line. What is expected of you as a process manager? Now suppose that you are assigned the task of making a radical change to the production process. What then would be expected of you as a project man..
List and explain some of the important factos to be considered when selecting a new location for a hospital to be built from some potential site.
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ABC distributors has an annual demand for an airport metal detector of 1,400 units. The cost of a typical detector to ABC is $400. Carrying cost is estimated to be 20% of the unit cost, and the ordering cost is $25 per order.
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The key points in Chapter 12 tell us that good inventory management is important for successful organizations. The key issues are when to order and how much to order.
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Describe differences in how McDonald's should handle information and planning for (1) regular food items, (2) nonfood items like wrappers or napkins, and (3) promotional or one-time items like Happy Meal toys.
At what volume of output would the two locations have the same total cost? For what range of output would location A be superior? For what range would B be superior?
Revise the diagram to capture this functionality. Also, express some common behavior among two use cases in the revised diagram by using "include" relationships.
The power at Ice Station Lion is supplied via solar cells. Once a year, a plane flies in and sells solar cells to the ice station at a price of $20 per cell. Because of uncertainty about future power needs,
Briefly describe when qualitative versus quantitative forecasting methods would be used? Describe what linear regression is and how it can be used.
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