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Company A uses an unstable chemical compound that must be kept in an environment where both temperature and humidity can be controlled. Company A uses 800 pounds per month of the chemical, estimates the holding cost to be 50% of the purchase price (because of spoilage), and estimates order costs to be $50 per order. The cost schedule of 2 suppliers are as follows: VENDOR 1 VENDOR 2 QUANTITY PRICE/LB QUANTITY PRICE/LB 1-499 $17.00 1-399 $17.10 500-999 16.75 400-799 19.85 1000 + 16.50 800-1,199 16.60 1200 + 16.25 a) What is the economic order quantity for each supplier? b) What quantity should be ordered, and which supplier should be used? c) what is the total cost for the most economic order size? d) what factor(s) should be considered besides total cost?
What are the characteristics of a self-organizing system? How can self-organize principles be utilized to interface with a marketplace? What are the benefits of doing so?
As per Mr. Mackey, some of statements attributed to Rahodeb did not match his personal beliefs. Why do you think there is this conflict between attitudes also behaviour.
Identify five main points you plan to make about the values of having a diverse workforce, and present a detailed sample agenda for your meeting.
What is the optimal production run size? How many production runs must be made each year?
How do marketers use the resultant data? What roles do "big data" and "data mining" play in gathering and analyzing marketing research data?
You are probably so used to seeing Starbucks coffee shops everywhere that you might not realize the company went from just 11 stores in 1987 to 2,600 in the year 2000.
What is the optimal solution? You should be able to determine this by inspection. If the linear program has multiple optimal solutions, identify the optimal solution set.
Jason Trevor owns a commercial bakery in Blakely, Georgia, that produces a variety of goods sold in grocery stores. Trevor is required by law to perform internal tests on food produced at his plant to check for contamination.
The classified department of a monthly magazine has use a combination of qualitative and quantitative methods to forecast sales of advertising space.
Are you concerned that this might be a crisis situation-akin to an employee going "postal" in the workplace-waiting to happen? If so, what would you do? Why?
Formulate the linear programming (LP) model for this problem by stating the decision variables, writing the objective function, and all the relevant constraints.
Using the Theory of Constraints, develop a checklist you can use to evaluate Dell Inc. product. Using the Kaizen Five-Step Plan, evaluate your product.
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