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A grocery store carries a particular brand of tea that has the following characteristics:
Sales = 8 cases per week
Ordering cost = $10 per order
Carrying charge = 20 percent per year
Item cost = $80 per case
a. How many cases should be ordered at a time?
b. How often will tea be ordered?
c. What is the annual cost of ordering and carrying tea?
d. What factors might cause the firm to order a larger or smaller amount than the EOQ?
Zip Games purchases blank 3.5-inch disks onto which it copies its software for sale through its mail order operation. A disk costs Zip $.20. Processing an order for more disks cost $15. Zip uses 60000 disks annually, and the company has a 25% cost..
As part of project management curriculum, you will frequently participate in project teams as a team member. These teams have often selected their own team project and used that project throughout the course. As an instructor, I have seen student tea..
Prepare a master schedule given this information: It is now the end of week 1; customer orders are 25 for week 2, 16 for week 3, 11 for week 4, 8 for week 5, and 3 for week 6. Use the MPS rule of ordering production when projected on-hand inventory w..
An important part of a project is to identify the key process input variables (KPIV) and key process output variables (KPOV). Suppose that you are in charge of a hospital emergency room. Discuss the KPIVs and KPOVs for this business. How do they r..
How many prospective customers would have to be queried for Luxor to be 90 percent certain that its estimated proportion was within five percent of the true value?
A key issue in international labor relations is the degree to which organized labor can limit a firm's ability to pursue a global or a transnational strategy
It was strong and flexible. Their first products were fish hooks which were made from the flexible wire that they were able to produce.
Compare and contrast the theories of scientific management with that of the human relations management approach.
Beginning inventory in May is 403 complete (a complete two-piece includes both top and bottom) bathing suits. Bathing suits cost $40 to produce and carrying cost is 24 percent per year.
What is the average time a customer is in the shop?
What variables might be used to segment these consumer markets?
1. Which of the following is considered a major process flow structure?
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