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Lila Battle has determined that the annual demand for number 6 screws is 100,000 screws. Lila, who works in her brother's hardware store, is in charge of purchasing. She estimates that it costs $10 every time an order is placed. This cost includes her wages, the cost of the forms used in placing the order, and so on. Furthermore, she estimates that the cost of carrying one screw in inventory for a year is one-half of 1 cent. Assume that the demand is constant throughout the year (a) How many number 6 screws should Lila order at a time if she wishes to minimize total inventory cost? (b) How many orders per year would be placed? What would the annual ordering cost be? (c) What would the average inventory be? What would the annual holding cost be
Beverly has estimated that, during the 3 years of the lease, there is a 40% chance she will drive an average of 12,000 miles per year, a 30% chance she will drive an average of 15,000 miles per year, and a 30% chance that she will drive 18,000 mil..
At what business stage is Emma's Parlor? At what stage is her Web-based organic tea business?
What are some of the key issues facing businesses today in terms of continuing to offer a competitive benefits package?
Create a presentation based on the Week Four Persuasive Messages Part I assignment. Apply the principles of designing effective slides discussed in the textbook as you develop your presentation.
Your assistant operations manager, Ken, is truly a great guy. Everybody loves him. He’s funny, very social and good-looking. He also seems to be a great source of support for other employees. What steps should you take to deal with Ken’s sub-par perf..
Which of the following is considered a major process flow structure? ISO audits result in certifications that are done by first, second, or third parties. Which of the following result in the best certification of a firm?
Forecast how the chosen area(s) of technology will develop in the next five years, supporting his or her work by the application of appropriate forecasting methods and data gathered from online or other research.
Participants become conditioned to seek expedient, rather than effective, solutions. You are probably using which approach to resolve conflict?
A rural post office has one clerk servicing the office. Demand is about 11 customers per hour during lunch hour (ca = 1) and the time it takes to serve a customer is about 5 minutes (cp = 1). What is the utilization of the clerk? How long will the cu..
Describe the four kinds of problems, that your text describes, that usually come up during international business negotiations. Do you agree? Also, can you think of any other issues that might impact international business negotiations?
the annual demand for a product is 16400 units. the weekly demand is 315 units with a standard deviation of 90 units.
There are three equally likely states of nature (High, Medium, and Low demand). If the Build a large factory option will post profits of $90,000, $30,000, and - $30,000, respectively, in the three states of nature, what is the EMV of the option? Find..
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