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Company A uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Company A uses 800 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $50 per order. The cost schedule of 2 suppliers are as follows: VENDOR 1 VENDOR 2 QUANTITY PRICE/LB QUANTITY PRICE/LB 1-499 $17.00 1-399 $17.10 500-999 16.75 400-799 19.85 1000 + 16.50 800-1,199 16.60 1200 + 16.25. a) What is the economic order quantity for each supplier? b) What quantity should be ordered, and which supplier should be used? c) What is the total cost for the most economic order size? d) What factor(s) should be considered besides total cost?
What is modern management theory because are we not just working from the Scientific Management Theories of the 40s and 50? so what is more modern?
Bella, a single mother, worked for one of Casper's Burger King restaurants, where she had a record of perfect attendance. One Saturday, her three-year old son awoke with a high fev
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According to Porter, what determines the level of competitive intensity in an industry?
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What are the four basic phases of the innovative process? What is the importance of the design phase to the overall process?
What are the disadvantages of periodic systems for controlling inventory? The disadvantages of periodic while compared to continuous systems for controlling inventory are as fo
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