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Assume that company XYZ sells metal racks. The company estimates that the demand for metal racks is approximately 20 units per week. The unit cost of the racks is $350, but the metalworking shop charges a fixed cost of 8500 per order to cover the cost of setup for the XYZ's order. The XYZ company estimates that the cost of carrying one dollar worth of item over one year is $0.1. Given above
Please plot (using Excel) the total fixed order costs, total inventory' carrying costs and total relevant costs {i.e., the sum of total fixed costs and total inventory carrying costs) as a function of replenishment order quantity. And indicate the minimum of the total relevant cost function and the replenishment quantity corresponding to that minimum cost.
Use the EOQ formula and find optimal replenishment quantity to verify your results in part a.
Briefly description of what the company does: What is the value that it creates to its customers? How do they make money out of that value they create? What are the major resources / capabilities of the company? What are the major threats to Sustaina..
George Ritzer notes that William Kowinski chooses the mall as the most powerful emblem for the transformations of American society, in that it embodies the best and worst of American dreams. Ritzer argues that he finds the fast-food chain a stronger ..
Imagine you just started your own business and you have 20 employees. You are the manager/owner of the business. Please select a process that you learned this week and explain how this process will be used for your business.
You are the project manager for a large software development project. You have concerns that one of the components of the Iron Triangle is slipping. Your project sponsor, Jim Bob, is not familiar with the Iron Triangle, so you explain the concept to ..
Has OSHA been successful in cases where companies have been cited for ergonomic hazards under the General Duty Clause? Why or why not? What are industry concerns or benefits from each method? What areas should OSHA address in further guideline develo..
Steve is renting a property from billy, one evening steve tripped and fell down the stairs. the issue is that one of the stairs in the common area was faulty. Billy knew about the stair, but he had never got around to fixing it. What causes of action..
When a person is charged with a crime, as opposed to being sued civilly for causing harm to another, there is a moral condemnation, or “stigma,” that attaches to that person. what factors should be considered before a prosecutor makes the decision to..
In your first Learning Activity for week 1 you discussed some things that come to mind when you think of the word “ethics”. Over the course of the past, your view or conception of ethics changed in any way? If yes, is there a specific moment you can ..
Defining computer crimes is a difficult task. List the four main categories of computer crimes and give an example of each one. Draw from personal experiences, news articles, the Internet, and the textbook.
personality or behavioral traits of entrepreneurs. What is your subject's business
Write a 350-word paragraph describing your experience with the organization. Did you enjoy working there? Explain your response.
What two dimensions of human behavior are used to identify communication style?
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