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Louisiana Oil Refining buys crude oil on a long-term supply contract for $38 per barrel. When shipments of crude oil are made to the refinery, they arrive at the rate of 12,000 barrel per day. Louisiana Oil uses the oil at a rate of 5,000 barrels per day and plans to purchase 600,000 barrels of crude oil next year. If the carrying cost is 30 percent of acquisition cost per unit per year and the ordering cost is $11,600 per order:
a. What is the EOQ for the crude oil?
b. What is the Total Cost at the EOQ?
c. How many days’ worth demand are supported by each order of crude oil?
d. How much needed storage capacity is expected for the crude oil?
Conduct an Internet and literature search on the topic of the Challenger space shuttle disaster. Discuss how the decisions made that fateful day may have been influenced by framing on the part of both the NASA engineers and the engineers at Morton-Th..
The following are monthly actual and forecasted demand levels from May through December for units of a product manufactured in d company.
Facility Layout at Wheeled Coach Ambulance. Briefly describe how and where Wheeled Coach has incorporated the following psychological component of job design into its assembly line jobs:
Stock A has an expected return of 12% and a standard deviation of 40%. Stock B has an expected return of 18% and a standard deviation of 60%. The correlation coefficient between Stocks A and B is 0.2. What are the expected returns and standard deviat..
Assume that you are about to ask your supervisor for a raise. Which communication medium or channel would you use?
Discuss -Why are the non-validated tests so popular? what audience they might appeal to, whether there is a “danger” involved in this type of information, and how it might impact future relationships.
An Internet service provider supplies information to the Federal Trade Commission concerning possible unfair or deceptive conduct in foreign jurisdictions. For this disclosure, federal law gives internet service providers immunity from liability.
Determine the upper bound on the difference in their monthly compensations that would justify hiring X rather than Y.3
perform a search using the key word "health information technology." You will see a number of different topics displayed. Select a topic from the list and share with us what the government is doing or what they are concerned about regarding HIT. I..
Next, the need for professional public relations practice throughout the world is increasingly obvious, and those who are now studying public relations in colleges and universities will practice public relations at a time in history when public relat..
Suppose the revenue for a firm is $2,000,000. Its cost of goods sold is $85,000, and its average inventory value for the year is $50,000. What is the firm’s inventory turnover? Please include the formula, at least one step of calculation
Conflict Identification and Resolution, We live in a very complex and culturally diverse society. When we bring individuals together from diverse backgrounds in a work environment conflict can arise when expectations are not realized or met.
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