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A manufacturing operation must periodically purchase bulk quantities of machine screws. The operation expects to consume 18,200 boxes of screws over the coming year. Each box costs $400, the annual holding cost per box is $29, and the cost of placing an order is $50 (regardless of the quantity ordered). For the following questions, use the basic economic order quantity model (without quantity discounts).
1. What is the economic order quantity?
2. Calculate the annual inventory holding costs based on the average inventory level and annual holding cost per box.
3. Calculate the annual inventory ordering costs based on the number of orders expected to be placed during the coming year.
4. Create a data table showing the total inventory costs (only) for order quantities varying from 100 to 600 (use a step size of 20). You must use a data table structure to receive full credit for this problem. If you have any doubt as to what a data table is, please ask your lab TA.
5. Create a scatter chart (use the one with markers and smooth lines) showing how total inventory costs are a function of the order quantity. Be sure to label your axes appropriately.
You plan to form sub-teams to work every of these elements, every headed by a sub-team leader. describe how would you setup your WBS. Elucidate what are some considerations you made when you decided on this structure.
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Robco, Inc. was a Florida arms dealer. The armed forces of Honduras contracted to purchase weapons from Robco over a six-year period.
Write a paper of 1,050 words, maximum, discussing strategic capacity planning also lean production for new process design also supply chain process for electric fans at riordan
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The effective capacity also efficiency of a fast Lube is service bay are known to be 5.5 also 0.880 respectfully. Illustrate what is the minimum number of service bays Fast Lube requires to achieve an anticipated production of 200 cars per 8-hour ..
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