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Wang Distributors has an annual demand for an airport metal detector of 1,400 units. The cost of a typical detector to Wang is $400. Carrying cost is estimated to be 18% of the unit costs, and the ordering is $27 per order. If Ping Wang, the owner, orders in quantities of 300 or more, he can get a 5% discount on the cost of the detectors. Should Wang take the quantity discount?
What is the EOQ without the discount?
You are the CEO for a radiology imagining center that has seen a 10 percent drop in utilization over the past year. Utilization is expected to drop another 10 percent for each of the next two years, but in the third year your forecasted demand will i..
Are State Run Lotteries Ethical? (post is to be no less than 150 words in length or 2-3 substantive paragraphs. In your posts make at least one reference to the textbook(Hooker, J) or other course materials ,and provide in-text citations, if appropri..
Potential Problems in Multicultural Teams
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Demand for an item is Normally distributed with a mean of 1,000 units a month and a standard deviation of 100 units. Currently they check stock every three months and lead time is constant at one month. They wish to maintain a 98% service level and t..
This case explores some issues related to entering a new foreign market and describes the strategies that one UK firm is using to find success in the North American market for medium-distance intercity transport.
Minimal-spanning tree technique and Shortest-route technique
The apparent option of not using a model (for diagnosis) is not a real option; the choice is whether we use one that is explicit or one that is implicit. Would the image of change chosen affect the diagnostic model used? Explain why and how, or why n..
For one or more of the sources of waste identified in part a) write a one paragraph description of what you would do as Operations Manager to reduce or eliminate this waste.
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