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In a cake factory, daily demand is 12.50 units and daily production is 50 units, Co = $125 and Cc = $5 per unit per year. What is the maximum inventory level? (Assume that the facility is open 360 days per year.)
Do the following:
1. Write the key parameters needed for calculating the EOQ.
2. Write the formulas for and determine the following:
a) How many days are required for delivery of the EOQ .
b) The Total Annual Carrying Cost.
MT is a manufacturer of small camping and snowmobile trailers. The demand for camping trailers occurs between January and June of each year (mostly in April and May). MT makes camping trailers during January to June, shuts down in July, and then make..
A wide variety of channel options exists today. Generally, the goal of the channel arrangement is to maximize the efficiencies of distribution.
Identify the top two leadership points you would want to share at the workshop, and discuss why you selected those points.
What were the Dawes Act and the Curtis Act and how did they impact the settlement of the American West?
Discuss the implications of a stakeholder perspective on society and on business practices.
Give an example of how a P chart could be used to improve quality at a University. Explain how you would implement this process. How could Professors use control charts to improve the quality of their teaching? How students could use control charts t..
Suppose that the output of a bottle filling process is normally distributed with the natural variability of sigma = .10. The process center has been fixed at 10 ounces. The USL = 10.1 ounces and the LSL= 9.8 ounces. The liquid cost $0.35 per ounce an..
Explain the basic functions of material requirements planning
You are preparing to write an article for a professional magazine regarding the value of diversity in teams. Diversity can include any of the following:
What is the relationship between social responsibility, sustainability, service-dominant logic, and the global business environment?
You are the project manager of a large, virtual HR project. You want to improve the functioning of the project team. Which of the techniques below would not likely improve the effectiveness and efficiency of the project team?
What are the apparent advantages and potential disadvantages of focusing your self-development on achieving excellence in a specific technical
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