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ABC Corp uses EOQ Model to minimize its Total cost of Inventory Mgt. It wants to avoid Stock out 97% of the time. It has a delivery time of 5 days to get the supply of inventory. During the delivery period the Inventory Manager has calculated that it uses on average of 60+/-8 items daily. As a new hire with the ABC, the Inventory Manager has asked to calculate the Reorder Point (ROP) i.e. the reaming quantity of inventory when the order for the EOQ would be placed. According your calculation, the approximate ROP is:
Compute L and Lq for the number of trunk lines you determined.
Every four years, Blockbuster Publishers revises its textbooks. It has been three years since the best-selling book, The Joy of OR, has been revised.
You have recently been hired as the vice president for human resources in an advertising agency. One problem that has been brought to your attention is the fact that the creative departments at the agency have dysfunction ally high levels of conflict..
You have been part of the orthopedic center for 5 years. In that time, you have seen the center grow and the need for expansion. Write a paper of 2-3 pages discussing the external forces that can impact the decision-making process for growth.
Discuss that idea that a strong ethic encourages people and companies “do the right thing because it is right” and encourages them to act in ways that support “the common good.” What is the common good? Do businesses have an obligation to contribute..
Explain the concepts of empowerment, self-managed teams, and cross-functional teams, and develop an essay that argues for their inclusion in either a tall or flat organizational structure.
How do the changing technology and the falling barriers to trade and investment reflect the success of this company? How does the company show corporate social responsibility in terms of labor conditions, human rights, fair trade, and the environmen..
Consider the following constraints a two- variable liner program.
Geral, an employee of E'Land., makes a substantial mathematical error in totaling the estimated costs for a project for which World Corps.. is seeking bids. Consequently, E'Lands bid is significantly low.
Briefly define the bargaining power of buyers and identify the buyers in this particular industry. What type of companies or individuals buy from this industry
Discuss several advantages of using the M/M/1 waiting line queuing model. Clearly explain the reasons for your choices.
Applying sound ethical principles in marketing situations: a.is a losing battle. b.must be a continuous process. c.requires a major competitive fight.
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