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A manager receives a forecast for next year. Demand is projected to be 580 units for the first half of the year and 930 units for the second half. The monthly holding cost is $2 per unit, and it costs an estimated $55 to process an order. a. Assuming that monthly demand will be level during each of the six-month periods covered by the forecast (e.g., 100 per month for each of the first six months), determine an order size that will minimize the sum of ordering and carrying costs for each of the six-month periods. (Round your answers to the nearest whole number.) Period Order Size 1 - 6 months units 7 - 12 months units c. If the vendor is willing to offer a discount of $10 per order for ordering in multiples of 50 units (e.g., 50, 100, 150), would you advise the manager to take advantage of the offer in either period? If so, what order size would you recommend?
What behavioural predictions might you make if you know that an employee had an external locus of control? If an employee had a high need for achievement? If an employee had a low
1. Look at the above table and list the interesting gaps which you observe in the 'scripts' between consumer and service provider. Answer: 1. The starting point of the servic
#question.Opration system of the garments manufacture of bangladesh.
how a firm could attain a competitive advantage through operation management
What are some of the possible biases and points of error that may arise in team communication systems? Use relevant research and citations. Please provide relevant work or project
What is Diversification? Ans: Diversification is guiding activities into different lines of business.
1. Given: a block addressable disk drive with 4,200 bytes per track and overhead 50 bytes per block. A le contains 50 byte records. How many records can be stored per track if the
During busy periods, a new customer walks into LHS every 15 mins. (with a standard deviation of 15 mins). At SHC, a customer walks in every hour (with a standard deviation of 1 hou
Buckeye Manufacturing expects to generate additional revenue from its recently won government contract. Buckeye forecasts that the revenue will be $40 million in the first year, bu
Analytical Estimating This technique of work measurement is used to determine the time values for jobs having long and non repetitive operations. The time values ar
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