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A produce distributor uses 730 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once a month.
How much could the firm save annually in ordering and carrying costs by using the EOQ? (Round intermediate calculations and final answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)
Formulate the linear programming problem to maximize the profit during the coming month. Write all of the constraints that are indicated by the above description of the problem.
What is the expected number of airplanes circling the airport, waiting in queue for clearance to land? A new ground-approach radar system approved by the Federal Aviation Administration is being considered as a means of reducing congestion
Illustrate what are ways that management can recognize the existence of fear in an organization. Illustrate what strategies might managers use to deal with also eliminate fear.
Small Wonder, an amusement park, experiences seasonal attendance. It has collected 2 years of quarterly attendance and made a forecast of annual attendance for coming year. Compute seasonal index for four quarters.
Considering the total cost, composed of the holding cost and ordering cost and including the acquisition cost of the knives, how many should she buy per order to realize the lowest total cost?
find the stadium (seat) utilization. Can you think of one or two other assets that have such a low resource utilization?
Briefly discuss the sequence of construction for this project, including the rolling sequence for the hot-mixed asphalt pavement portion of the project
Why is it important for human resources to see the organization and its employees as internal customers, and those internal customers as co-producers of the services delivered by human resources?
There is no word count. Illustrate what are some of things that might restrict transportation on our highways. Illustrate what level of government agency normally controls restriction.
Describe how would waiting time change if the Corporation decides to limit all rentals to exactly 72 hours. Suppose which if such a restriction is imposed, the number of customers requesting a phone would be reduced to 20 customers per day
Johnson was asked to bid on a follow-on contract for another dozen receiver/transmitter units. Ignoring any forgetting factor effects, illustrate what should Johnson estimate time also parts costs to be for the dozen units.
If you were the leader of one of the new cross-functional teams, which style of leadership, people or task-centred, would you adopt also Explain why.
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