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Sam’s Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The shop operates fifty-two weeks per year and weekly demand is 156 filters. Sam estimates that it costs $18 to place an order and his annual holding cost rate is $3 per oil filter. Currently, Sam orders in quantities of 666 filters.
Calculate the total annual costs associated with Sam’s current ordering policy.
Calculate economic order quantity. units (Round your answer to 2 decimal places, the tolerance is +/-0.01.) LINK TO TEXT
Calculate total annual costs using the EOQ ordering policy. $ (Round your answer to 2 decimal places, the tolerance is +/-0.02.) LINK TO TEXT
Calculate penalty costs Sam is incurring by using his current policy. $ (Round your answer to 2 decimal places, the tolerance is +/-0.04.)
What are some of the changes to variable costs that could affect the final price? How does the target market you select affect setting prices for products? What is dynamic pricing? Why is it especially prevalent online? Is it legal?
Find the MAD based on the 2-year moving average forecast in part (a) (Hint: You will have only 3 years of matched data.)
Sears Holdings Company has had continuous earnings decline since its creation in 2005 from a merger of Sears and Kmart. Do an internal and external analysis of the company and address the following within your discussion board post; What are the stre..
Describe internal factors affecting a movie theaters pricing strategy - costs, policies, etc. Describe external factors affecting a movie theaters pricing strategy - macro-environmental forces, competition, etc.
A bakery buys flour in 25-pound bags. the bakery uses 1,215 bags a year. ordering cost is $10 per order. annual carrying cost is $75 per bag. a. what is the average number of bags on hand?
The part in question, 3079, is used in two different subassemblies: no. 435, which is used in the Gemini TV stand, and no. 257, which is used in the Saturn microwave stand. One of part 3079 is used in each subassembly, and one of each subassembly ..
Based on the learning curve from (1), calculate the total time requires to produce the first 400 units, and the average time of the first 200 units.
They are different names for possibly the same thing. These are very different topics. Compare and contrast project management, program management, and project portfolio management.
Compute the takt time for a system where the total time per shift is 400 minutes, there is one shift, and workers are given two 20-minute breaks and 30 minutes for lunch.
Joe Henry's machine shop uses 2480 brackets during the course of a year. these brackets are purchased from a supplier 90 miles away. The following information is known about the brackets
Describe the type of information that needs to be exchanged between the partners in each pair of partners. What 15 each organization looking for in its information systems?
What trade-offs are involved in each of these aspects of inventory management? Buying additional amounts to take advantage of quantity discounts. Treating holding cost as a percentage of unit prices instead of as a constant amount.
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