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An artist's supply shop stocks a variety of different items to satisfy the needs of both amateur and professional artists. In each case described below, what is the appropraite inventory control model that the store should use to manage the replenishment of the item described below? Explain your choice and determine the data needed to solve the model selected.
a) A highly volatile paint thinner is ordered once every three months from the supplier. Cans not sold during the three month period are discarded. The demand for the paint thinner exhibits considerable variation from one three month period to the next.
b) A white oil base paint sells at a fairly regular rate of 600 tubes per month and required a six week order lead time. The paint store buys the paint for $1.20 per tube.
c) Burnt sienna oil paint does not sell as regularly or as heavily as white. Sales of the burnt sienna vary considerably (and randomly) from one month to the next. The useful lifetime of the paint is about two years, but the store sells almost all of the paint prior to the two year limit. Fixed order placement costs for low volume items such as burnt sienna oil paint are significant.
Two estimating methods we have studied are parametric estimating and 3-point estimates. Explain how these could be used to mitigate risks in two of the RBS heading areas: “project management” and“technical” risks.(4 points = 2 points per clear two pa..
What sense of ownership should be encouraged within the maintenance shops to preserve the life-cycle of the aircraft fleet? As management, how would you motivate technicians to produce quality workmanship? Please be specific with your response and sh..
In a two- to three-page report, identify the reasons Apple has been successful and explain how other companies can apply Apple’s strategies and tactics to improve their business results.
Given Porter’s arguments, will countries with the toughest environmental laws ultimately become the most competitive? Is the U.S. destined to lose competitiveness if it fails to adopt tougher standards (or has this happened already- you may wish to r..
This discussion helps you develop the skills to master the following course competencies:
under what conditions would a project manager make changes to a baseline? Be sure to give at least 1 example for each condition.
your views on the role of epidemiology. include informative content about health care in general and public health in
Based on the (expected) times, what's the critical path? What's the length of the critical path? The first task on the critical path slips by one day
Garden Variety Flower Shop uses 890 clay pots a month. The pots are purchased at $3.70 each. Annual carrying costs per pot are estimated to be 50 percent of cost, and ordering costs are $30 per order. The manager has been using an order size of 1,000..
SBA loan apply for a commercial loan, structured in compliance with the SBA requirements? Also, do the SBA just a guarantee between financial institutions? Who is one of the largest SBA lenders for 7(a) loan programs?
What are the information needs at Ikon and what alternatives does Ikon have to meet these needs and what are the advantages and disadvantages of ERP software in meeting these needs?
How are the new scholars of the subject. The literature review, the purpose of the study and the mythology should be summarized and bounded together
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