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An office supply store open 5 days a week must determine the best inventor) policy for boxes of copier paper. Weekly demand is nearly constant at 250 boxes and when orders are placed, then entire shipment arrives at once. The cost per box is S22 and the inventory holding cost is 30%. Orders are placed at a cost of S40 each, including preparation time and communication charges, and the lead time is 2 days.
Find the optimal order quantity.
How often should an order be placed?
How many orders will be placed in a year?
What is the total annual cost?
Think of all the examples of forecasting you experience on a regular basis; such as the weatherman on TV each night. Now, considering the technology we have at our disposal today, why can't we get a "Perfect" forecast?
Identify each stage of the decision-making process. Describe an example of a strategy used by an organization to influence a purchase decision at each stage. Use examples from one or more products or services to support your answers.
You are an IMF official who will be soon visiting a country whose export earnings are not able to pay for imports. The government has requested a loan from the IMF
The Unique Boutique makes a variety of custom jewelry. It's most popular item, a stylish necklace, has a demand of 60 units per day. Each necklace takes 20 minutes to produce. Since this is a small shop, they only produce 2 hours per day. What is the..
Discuss the possible alternatives for loading and hauling that the contractor may consider for the project.
Create an organizational chart for the firm, including position titles, brief responsibilities/duties, and proposed salaries for the individuals.This milestone is not graded separately, but as part of the Milestone Submission element of the Final ..
Specify as a whole number by rounding. Do not round the EOQ that you obtain in the process of determining the number of orders.
Imagine you represent a person who claims to have been the victim of a breach of contract. Determine the information that you would need to know to best determine if there was a contract. How would you present a case to a court to show your client wa..
Explain how an organization communicates its corporate citizenship practices and manifests its attention to the balanced scorecard and triple bottom line approaches.
Supermarket customers load their carts with goods totaling between $5 and $200 uniformly (continuously) distributed; call this the raw order amount. Assume that customers purchase independently of each other. At checkout 63% of customers have a loyal..
What amount of safety stock is appropriate? When should this item be reordered? What risk of stockout would result from a decision not to have any safety stock?
To the degree job growth (and increased car sales that come from more competitive labor costs) is based on two tier wage structures, how sustainable is this approach? What are the potential drawbacks of a tow tier structure?
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