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A shop that makes candles offers a scented candle, which has a monthly demand of 360 boxes. Candles can be produced at a rate of 36 boxes per day. The shop operates 20 days a month. Assume that demand is uniform throughout the month. Setup cost is $60 for a run, and holding cost is $2 per box on a monthly basis. Assume usage rate of 10 boxes per day. Find: a- The optimal production order quantity b- The average monthly cost of the inventory. c- The number of days in a run and days between runs.
What is meant by capacity in chunks, and why is that a factor in capacity planning? 8.
What factors should be considered when selecting the appropriate capacity cushion? How does the choice of capacity cushion relate to other decisions in operations management? To other functional areas?
Find out the best country to construct the new facility in also the expected value of perfect information.
Identify and discuss the many challenges of being ethical and socially responsible. Focus on challenges at both the individual (employee) level and the managerial level.
prepare a graph that shows total weekly cost for each plan versus daytime call minutes if the agent will use the service for daytime calls, over what range of call minutes will each plan be optimal?
Based on your examples, evaluate the 4 functions approach as a model for the study and practice of management. What are the strengths and limits of the 4 functions approach. Do you see any important elements of management that the 4 functions appr..
What are the employer payroll taxes for a New Jersey based business? What are the insurance requirements?
Quick Loans has outstanding bonds that have 16.5 years to maturity. The YTM is 7.2 percent and the current price is $935. These bonds make semiannual payments. Calculate the coupon rate of these bonds.
What are the different types of dependencies. There are four different types of dependencies, including
How has the Internet changed the way that marketers collect both primary and secondary data? Give some specific examples.
Discuss the importance of each of the following Matching supply and demand Managing a supply chain
Discribe Raelin's work-based learning model, and discribe three techniques used to stimulate work-based learning.
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