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Q. This problem is a practice for test next week. I have all formulas but I am not sure elucidating how to use it.
A large law firm uses an average of 40 packages of copier paper a day. Firm operates 260 days a year. Storage also Handling costs for paper are $3 per year per pack also it costs approximately $6 to order also receive a shipment of paper.
a. Illustrate what order size would minimize total inventory costs?
b. Illustrate what are total costs of inventory?
c. Office manager is presently using an order size of 200 packages. Partners of firm expect office to be managed in a "cost effective manner". Would you recommend which optimal order size or current policy of 200 packages is used? Explain quantitatively.
Propose this portfolio selection problem by using linear programming. Solve using LP software such as Excel QM or QM for windows. Write out answer step by step if you can't use QM.
The investor hires a researcher who randomly samples 19 warehouses that are for sale and finds that the mean price per square metre is $316,70, with a standard deviation of $12.90. If the researcher uses a 5% level of significance, what statistica..
Prepare a checklist which includes the main topics, issues, advantages also disadvantages which should be considered when making this decision within the context of Willow brook School.
A service garage uses 120 boxes of cleaning cloths per year. Boxes cost $6 each. Ordering cost is $3 and holding cost is 10 percent of purchase cost per unit on annual basis. What is annual cost of ordering and carrying cloth.
In brief discuss the marketing research process. How can firm leverage its marketing information system (MIS) to yield the greatest value for its research efforts?
Illustrate what recommendations will you give to a clinic based on "characteristics of well-designed service system" to improve its services for "more-to-be".
Elucidate how Liker's casual are, intervening also end result variables useful in discussing also thinking about effectiveness.
Find the solution that minimizes moving costs using Microsoft Excel. Illustrate what would you have to do to the costs to assure that A always sends a car to D as part of the optimal solution.
Elucidate what is the discovery process as it applies to a certificate action also Elucidate what role discovery plays in expediting civil legal proceedings.
ABC Corporation sells large industrial machines which have an inventory value of Php 1.5 million every. The Corporation expects to order 500 machines during the next calendar year.
Examine design-depend increment alism, which is frequent product redesign throughout the product's life. Illustrate what are the pros also cons of this idea
When you ask owners to describe a typical customer, they say it is impossible also explain which with corporate functions, family affairs also fund-raisers, they do not have a typical customer. You advise, it is time for market segmentation just b..
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