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A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The carrying cost is $0.75 per yard and the demand is 10,000 yards per year. The production facility operates the same days as the retail store is open (i.e. 311 days) and produces 150 yards of the denim cloth per day. Determine
a) The optimal order size
b) The total inventory cost
c) The length of time to receive an order
d) The number of orders per year
e) The maximum inventory level
The probability of Event 1 is P and the probability of Event 2 is (1-p),for what values of P would you choose A?B?C? Values in the table are payoffs. Choice /Event Event 1 Event2
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What is meant by Direct Cost? Ans: Direct Cost is Direct Material cost and Labour cost.
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Of the four commonly held rationalizations for unethical behaviour proposed by Saul Gellerman, which one do you thing gets use most often? Why?
Write a detailed history of operations management
Trade off Between Delivery and Flexibility Pagell et al (2000) argue that the trade-off concept is based on Skinner's quandary that a manufacturing plant could not be configur
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