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RAJ Company and LEE Company each annually order the exact same amount of an item from the same supplier (They each have the exact same annual demand from their customers for this item and the lead time from the supplier is the same for both companies). There is no variation at all for either company in either daily demand or lead time from the supplier. They pay the exact same price to the supplier for the item. They both figure that their ordering cost is $50 per order. However, RAJ has determined its annual inventory carrying cost is 20%, whereas LEE figures it is only 10%. Which of the following would be true? A) RAJs EOQ is higher than Lee's EOQ B) Lee's EOQ is higher tham RAJ's EOQ C) both have the same EOQ D) none of the above
The following table gives the average and range in kilograms for tensile tests on an improved plastic cord. The subgroup size is 4. Determine the trial central line and control limits. If any points are out of control, assume assignable causes and ca..
MHY Inc. is a small firm that produces two chemical-based products: fuel 1 and fuel 2 using three raw materials. the three raw materials will be blended to make the tow products as follows. the proportions of the materials used for each ton of the tw..
How could risk management have aided in the development of the Comet? Discuss the various types of risk (technical, financial, commercial, etc.) in relation to the Comet. Develop a qualitative risk matrix for these risk factors and assess them in ter..
Evaluate arguments for and against tort reform with a focus on why organizations leave the United States to avoid large tort damage awards. Use academic or legitimate news sources, such as The New York Times, the Los Angeles Times, The Washington Pos..
What are the key or essential factors you need to consider when presenting a business case to upper management and why? 2. Why is a Systems Development Life Cycle such a powerful tool in establishing a successful Information Systems project today
Your supervisor has placed you in charge of hiring a new, full-time administrative assistant for your department.
Your aunt sold her house on Dec 31, and to help close the sale she took a second mortgage in the amount of $10,000 as part of the payment. The mortgage has a quoted interest rate of 10%; it calls for payments every 6 months, beginning on June 30, and..
What is the price elasticity of demand
Analyze the five determinants of an investor's decisions and discuss which single determinant you believe is most important in the financial
You are a supervisor in a start-up medical supply company. You are charged with hiring new employees. You are looking for an IT person. Your boss asked you to put together a list of questions that you should ask. Then your boss asks whether there are..
To what extent do cultures undergo changes? Expound upon your statement with an example.
supplier selection is now a global concern with competition coming from countries all over the world. circumstances
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