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A computer-supply mail order house has a memory chip in inventory that it sells to customers around the country. A Japanese manufacturer supplies the item using airfreight. It has the following characteristics: Average annual demand = 3,200 Replenishment lead time = 1.5 weeks Carrying cost = 15% per year Purchase price, delivered = $55 per unit Procurement ordering cost = $35 per order a. Design a reorder point method of control for this item. b. What are the annual ordering and annual carrying costs if your design is used? c. Suppose that the lead time stretches to three weeks, so that the ROP>Q*. What adjustments would you suggest making in the control policy?
Take a position on the following statement from the textbook author: "Reducing the project duration increases the risk of being late." Support your position
Briefly discuss benchmarking as process improvement tool. Explain six types of benchmarking and give four reasons why some businesses have failed to derive maximum benefit from it.
Suppose you were conducting a marketing analysis for a new textbook about technology management. What would you need to know to identify a market segment? How would you make a need
what is the scope of O.R. in marketing,I.T, finance
Base on the case study: Weldon Hand Tools; how would the layout need to be adjusted as demand for this and similar products builds up?
Please give a detailed explanation for the following scenario: Your industry practices reporting "bookings" for contracted business. The level of bookings influences your company's
Explain the terms entity, relationship, and attributes. Describe how they are used in a database.
Garden Variety Flower Shop uses 740 clay pots a month. The pots are purchased at $2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs a
What is your perspective of the target audience for webcams?
Frame relay is a technology that does no error control. If a frame arrives garbled, it is dropped and frame relay does not inform the transmitter. Is this a reasonable approach?
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