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M. Cotteleer Electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. One of the components has an annual demand of 245 units, and this is constant throughout the year. Carrying cost is estimated to be $1.00 per unit per year, and the ordering cost is $19 per order.
a) To minimize cost, how many units should be ordered each time an order is placed?
b) How many orders per year are needed with the optimal policy?
c) What is the average inventory if costs are minimized?
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ed sloan wants to withdraw 25000 including principal from an investment fund at the end of each year for five years.
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Your supervisors have come to you and told you that they want to have a better understanding of Maslow's Hierarchy of Needs. Their reasoning is to have a better understanding of where the workers who report to them are coming from in this hierarchy.
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