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A large bakery buys flour in 25-pound bags. The bakery uses an average of 4600 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. a. Determine the economic order quantity. b. What is the average number of bags on hand? c. How many orders per year will there be? d. Compute the total cost of ordering and carrying flour e. If holding cost were to increase by $9 per year, how much would that affect the minimum total annual cost? Only need the answer to E. I can't figure out how to do it.
Identify three aspects of managing and using performance data so that it is useful to the organization. Provide an example of each aspect.
Determine the optimum efficiency and outfput for adding one, two, three, four, five, and six more machines.
day one 6, day two 4, day three 5, day four 7, day five 8, day six 3, day seven 4, day eight 5, day nine 3, day ten 11.
Solve the problem by rolling back the decision tree. In the second gamble, you have a 40% chance of receiving $80, a 40% chance of receiving $60 also a 20% chance of receiving $50. Draw a decision tree to represent the problem. Solve the problem b..
The time among arrivals of regular fliers is also exponentially distributed with a mean of 4 min. At the check in counter, travellers wait in a single line until one of the 5 agents is available to serve them. The check in time follows a regular d..
Define and describe the competitive and macroenvironments of a business, including some of the elements in each.
A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples, and carrying costs are $0.80 per box on an annual basis.
avoiding the "first mover disadvantages" associated with making early commitments to alternative technologies, wider product selection, different styling, or new distribution channels.
Just-in-Time as a continuous process improvement program details seven wastes that take away from the profitability and efficiency of a company. Discuss examples of each of these seven wastes.
How might mission and vision influence organizational design?
Evaluate your priority sequences in a) on average flow time from now, average lateness (with no credit for being early) and average days early (with zero days early for a job that is late).
A town's department of public works is concerned about adverse public reaction to a sewer project that is currently in progress. Because of this, the Commissioner of Public Works has authorized a weekly survey to be conducted of town residents
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