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A manufacturing operation must periodically purchase bulk quantities of machine screws. The operation expects to consume 18,200 boxes of screws over the coming year. Each box costs $400, the annual holding cost per box is $29, and the cost of placing an order is $50 (regardless of the quantity ordered). For the following questions, use the basic economic order quantity model (without quantity discounts).
1. What is the economic order quantity?
2. Calculate the annual inventory holding costs based on the average inventory level and annual holding cost per box.
3. Calculate the annual inventory ordering costs based on the number of orders expected to be placed during the coming year.
decide the average time in system, number of passengers completing check-in and the average length of the check-in queue.
To which the Corporation gets the best talent available, the compensation management department uses the information obtained from the market pay survey to compare its compensation policies with those used by the competitors. In this example, KCM ..
Illustrate what ways can design of a firm's logistics/supply chain network affect its ability to create value for customers through efficiency, effectiveness and differentiation.
Keep in mind which every warehouse does not have to be used. Formulate an LP program also solve this problem.
Given that an activity's normal time also cost are ten days also $400 also its crash time also cost are five days also $800, illustrate what is the activity's slope.
Any equipment which is in need of repair or replacement is removed for off-site service (or replacement) prior to the next day. Illustrate what Principles of Operations Management are supported by this policy.
Customers arrive at Paul Harrold's Styling Shop at a rate of 3 per hour, distributed in a Poisson fashion. Paul can perform haircuts at a rate of 5 per hour, distributed exp1ntially. Find out average number of customers waiting for haircuts.
After a trial run on this machine, C-Spec has decided that the machine has a sample mean of 4.001 inches with a standard deviation of 0.002 inch. Should C-Spec use this machine to produce this part. Why.
Illustrate what strategy decisions are needed in personal selling area. Explain why should marketing manager make se strategy decisions.
Claire also Jerry sued restaurant, claiming that restaurant was a bailee of coats also had a duty to return them. Are they both correct. Use principles of law discussed in this week's reading to form a foundation for your response.
Describe the effects of an unmotivated workforce on a company. Explain how does Tesco benefit from ensuring that its workforce is motivated.
Conduct research on organizations that rate companies on a specific facet of social responsibility. Explain how do they assess the companies they rate.
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