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Explain the facts on which Economic Order Quantity is depend
Economic Order Quantity depends on two costs:
(i) Inventory procurement costs which consists of expenditure connected with
* Obtaining quotations
* Processing Purchase Requisitions
* Expediting and Following up Purchase order
* Receiving materials and after that inspecting them Processing Invoices Procurement costs of seller reduce as the order quantity raises.
(ii) Carrying Costs that vary with quantity ordered contains
* Interest on capital investment
* Cost of storage services
* Cost including deterioration and obsolescence
* Cost of insurance and property tax etc.
Carrying costs are approximately directly proportional to the order size or lot size quantity.
Marie wrote Ray a check for landscaping her front lawn. Marie paid Ray in advance. The check was dated for five days later than the date of issuance. Ray was supposed to start land
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Relationship between process Planning and Other Operations Figure below shows that process planning is the basis for the design buildings layout of facilities and selection
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which of the following statement is correct concern condition/1.operant condition was polarize by ivanpavlov/2.classical condition is extension of operant condition/3.in operant co
What unions / unionization does Southwest Airlines have?
A local nursery, Greens, uses 2184 bags of plant food annually. Greens works 52 weeks per year. It costs $8 to place an order for plant food. The annual holding cost rate is $2 per
1. The monthly sales for Telco Batteries, Inc., were as follows: Month Sales Jan 20 Feb 21 Mar 15 Apr 14 May 13 Jun 16 Jul 17 Aug 18 Sep 20 Oct 20
Tahiti Manufacturing recently purchased a new machine. The maintenance contractor recommended that this model should receive maintenance every 3,000 - 6,000 hours of operation. If
steps involved in strategy formulation
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