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Office Supreme, Inc., a local retailer of office supplies, faces demand for one of its inventory items at a constant rate of 240,000 units per year. It costs Office Supreme $38 to process an order to replenish stock and $2.5 per unit per year to carry the item in stock. Stock is received 5 working days after an order is placed. Assume 250 working days a year. a. What is Office Supreme's optimal ordering quantity? b. What is the reorder point? c. What is the annual number of orders? d. What is the optimal interval (in working days) between orders? e. What are the annual carrying cost, ordering cost and total cost?
Dick Holliday is not sure illustrating what he should do. Illustrate what is your advice to Holliday. Illustrate what is expected value of perfect information.
Groups mature over time, increasing their effectiveness and productivity. How would you describe the stages of group development, and what do you feel is the responsibility of a project team leader in fostering group development
Assume that you are about to deposit $1,000 in a passbook savings account that pays an annual interest of 4 percent.
Supposed the objective function is changed to, do you need to re-graph the feasible region of this LP. Why. Illustrate what is the solution for the new LP.
The Carbondale Hospital is considering the purchase of a new ambulance. The decision will rest partly on the anticipated mileage to be driven next year. The miles driven during the past 5 years are as follows
explain how Ishikawa has influenced quality practices throughout world; explain how his ideas fit into total quality management; also implications of Ishikawa's ideas for future of quality.
What do you think is the purpose of the accident investigation? Explain how the NTSB can be a reactive organization in terms of accident/incident investigation (after the fact) yet, still be a proactive safety organization.
oneses sue Morrisons for their injuries. Explain whether Morrisons owe a duty of care to Andrew also Arvid.
You are probably so used to seeing Starbucks coffee shops everywhere that you might not realize the company went from just 11 stores in 1987 to 2,600 in the year 2000.
Explain whether these responses have been effective or not. Explain your answer and share with the class.
What is the forecast for the Period 7 using a 3-period weighted moving average technique (use a weight of 3 for last period's value, a weight of 2 for the period before
Your project should state your product choice also provide some background on illustrate what it is, company information, etc. Once you have established product, then you can break project into five environments also research also report.
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