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Garden Variety Flower Shop uses 740 clay pots a month. The pots are purchased at $2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs are $20 per order. The manager has been using an order size of 1,500 flower pots. What additional annual cost is the shop incurring by staying with this order size?
Christian runs a small chocolate shop. He manages his chocolate raw material using a periodic review system. Daily demand has a mean of 100 pounds and standard deviation of 10 poun
Why is there so much poor planning and organizing in organizations? How could the planning process be improved where you work? Has anyone considered using flow process charts
Public sector unions now account for more than half of union members, while the private sector accounts for less than half. Why has this change occurred?
Cunningham Performance Auto, Inc. modifies 375 autos per year. The manager, Peter Cunningham, is interested in obtaining a measure of overall performance. He has asked you to provi
I am brainstorming ideas and topics for possible use to launch my dissertation for my PhD in management. My current topic under consideration is: Multinational business and the rol
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 pe
Responsiveness - Customers Needs for a Product How quickly the operations system reacts to changes in customer demand. This may be considered as customisation but in terms of
Backward scheduling - Scheduling Techniques Backward scheduling is another way of scheduling which is based on the as late possible approach with the condition that the jobs
A small computer firm orders monitors for sale. The annual demand is 1300 per year. The holding cost is 10 percent of the value of the monitors on hand. Each time they order it cos
Discuss the differences between utilization and efficiency as measures of system performance. Which (if any) is the most useful measure for an operations manager? Why?
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