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Q. Use the following scenario to answer the next 2 questions: Ye' Olde Barrel Shop sells oak barrels to a local winery. The Master Cooper would like to reduce her oak lumber inventory by determining the optimal number of oak boards to order. The Yearly demand averages 10,125 boards and the order cost is $24.00 per order. Holding cost is estimated to be 15%. The purchase cost of each board is $8.00. The standard deviation of daily demand is 10 boards. The standard deviation of lead time is 1.5 days. Assume 260 days in the year and an average lead-time of 6 days. Illustrate what is the EOQ?
Compute the productivity ratios for the old also the new production systems. You have to report to the Operations Manager on the impact to productivity of your new process. Elucidate what will you report.
Analyze the ways in which the U.S. government regulates product safety and make at least one recommendation for how the regulatory approach of one of the agencies discussed
Discuss the use of PERT/CPM techniques for managing projects. Describe what PERT/CPM does. Discuss advantages and disadvantages of using it.
The shop has enough brewing capacity to brew 30 gallons of these 2 coffee blends every day. The manager wants to know Explain how many cups of every blend to sell every day in order to maximize sales.
Do you throw out a lot of milk because of spoilage). Describe how might the ideas change your way of managing these SKUs.
Based first on your analysis of the survey data also then on your analysis of the crossover charts, give a justification for every location. Give a complete list of reasons for not selecting every of the 3 sites.
This solution describes cultural influence on multinational negotiations. Culture has been referred to as the "silent language of overseas business." Discuss how the languages of time, space, things, friendship, and agreements influence negotiating..
Illustrate what is the probability that the supply of circuit boards will be exhausted before the order is received if boards are reordered when the amount on hand drops to 625 boards.
Elucidate what are the major internal variables to consider in the scanning process. Discuss the levels of internal monitoring which should be conducted. Describe how well you think management conduct environmental assessment.
Explain the elements of valid contract, and describe how consumers and banks each have a duty of good faith and fair dealing in the banking relationship.
Assume that you work for a New Zealander company exporting a container of kiwis to Azerbaijan or Haiti. The customs official informs you that there is a delay in clearing your container through customs, and it may last a month
Decide whether the supply chain represents a low-cost, rapid response or differentiation strategy. Are the supply-chain characteristics significantly different from one product to another.
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