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1. Garden Variety Flower Shop uses 1000 clay pots a month. The pots are purchased at $3 each. Annual carrying costs per pot are estimated to be 25% of cost, and ordering costs are $25 per order. a. Determine the economic order quantity. b. Compute the total cost of ordering and carrying clay pots. c. If the manager has been using an order size of 2,000 pots, how much can be saved per year by improving the inventory policy?
18 carpets were observed colsely and the number of defects in their texture was noted.Draw a control chart for the number of defects no.of.defects: 0 1 2 3 4 5 6 no.of carpets: 0 1
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This case study will be discussed and reviewed in the Case Study discussion question for the week. Post your responses to the questions at the end in the Case Study discussion ques
Westside Printing Limited was incorporated on 1 July 200A to take over the existing business of Bob's Printing. Net assets (other than cash) were taken over at fair value. The tota
What is Prime Cost? The sum of Direct Labour Cost, Direct Expenses and Direct Material Cost is Prime Cost.
The American Red Cross has been asked to oversee the clean-up efforts in Japan after the earthquake and tsunami that occurred in March 2011. Analyze the management principles appli
The current order quantity for Paul's Pasta Pinwheels is 200 boxes. The order cost is $4 per order, the holding cost is $0.40 per box per year, and the annual demand is 500 boxes p
which of the following has been cited as a recommendation for changing structure and perfection to address the leakingipeline/1.create origination culture more satiating to women//
According to Elyahu Goldratt, the TOC system uses a scheduling approach called _____. drum-buffer-rope drum-buffer-string drum-rope-buffer drum-buffer-line
1. Productivity is considered by many to be the essence of operations management - suggest reasons to support this assertion. 2. Using the figures in the table, if we use 2000
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