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Given the following data for a particular inventory item: Usage 500 units/week Ordering $40 per order Carrying Cost $.01 per unit per week Lead Time 3 weeks Price $.50 per unit a. What is the economic order quantity for this item? b. For the economic order quantity, what is the length of an order cycle? c. For the economic order quantity, what is the reorder point? d. For the economic order quantity, what is the average inventory level? e. For the economic order quantity, what are average weekly ordering costs? f. For the economic order quantity, what are average weekly carrying costs? g. For the economic order quantity, what are average weekly total costs, including the cost of the inventory item?
Companies are now more and more interested in using intangible assets and human capital as a way to gain an advantage over competitors. True False
In Doc Sharing, you will find an Access database labelled Week 4 Discussion North wind. Save the database to your computer and open the database using Access. Answer the questions
The franchise fee is %u201Cthe one-time payment made to become a franchisee%u201D (Hatten, 2009, p. 142). Hatten also stated that %u201Csome agreements require you to have a percen
how to calculate the idle time
Remind yourself of the distinction between feasibility, acceptability and vulnerability discussed. Evaluate both technologies using these criteria.
An accounts receivable manager processes 200 checks per day with an average process time of 15 working days. What is the average number of accounts receivable checks being processe
How can risk management help any business situation?
Explain the concepts of empowerment, self-managed teams, and cross-functional teams, and develop an essay that argues for their inclusion in either a tall or flat organizational st
1. Jack, the owner and manager of Jack's Box Company, wants to monitor usage at Work Center 3, which is a bottleneck in the system. He has collected data on the planned and actual
Why is decreasing value a disadvantage of reducing project scope to accelerate a project?
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