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Gentle Ben's Bar and Restaurant uses 6,400 quart bottles of an imported wine each year. The effervescent wine costs $4 per bottle and is served only in whole bottles because it loses its bubbles quickly. Ben figures that it costs $30 each time an order is placed, and holding costs are 35 percent of the purchase price. It takes two weeks for an order to arrive. Weekly demand is 50 bottles (closed two weeks per year) with a standard deviation of 45 bottles. Ben would like to use an inventory system that minimizes inventory cost and will provide a 95 percent service probability. What is the economic quantity for Ben to order? (Round your answer to the nearest whole number.) At what inventory level should he place an order? (Round your answer to the nearest whole number.)
Explain how might principles of scientific management be useful to Springs Industries. Explain how about the quantitative approach.
Suppose the firm in this example considers a second product that has a unit profit of $5 and requires 2 hours for each unit produced. Assume total production capacity remains 40. Use y as the number of product 2 produced.
What are main competitive advantages of using aggregate planning at Frito-Lay? Provide at least three of them.
Prepare a 700- to 1,050-word paper in which you define the four functions of management (planning, organizing, leading, and controlling). In your paper, include an explanation of how each function relates to your own organization.
Compare and contrast Deming's approach to Juran's approach to quality improvement.
Discuss some (at least two) of the consumer protection laws that exist in the United States. What areas do the Department for Consumer Protection cover and discuss the pros and cons for the establishment of this agency.
Arthur Meiners is the production manager of Wheel-Rite, a small producer of metal parts. Wheel-Rite supplies Cal-Tex, a larger assembly company, with 10,600 wheel barings each year.
What is vertical integration? Give examples of backward and forward integration.
Explain the company's decision environment, risk management, and how the organization resolves conflict through the strategic negotiation process.
It would save you money and you're sure no one would miss them. What do you think is the ethical thing to do, and why? Please
Stan fawcetts company is considering producing a gear assembly that it now purchases from salt lake supply. Decide the number of units where either choice has same cost.
Suppose that AlwaysRain Irrigations marketing department will undertake an intense ad campaign for the bronze sprinklers, which are more expensive but also more durable than the plastic ones.
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