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A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8 per stone for quantities of 600 stones or more, $9 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. The jewelry firm operates 200 days per year. Usage rate is 25 stones per day, and ordering costs are $48. If annual carrying costs are 30 percent of unit cost, what is the optimal order size?
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.
What is the current multifactor productivity?
McDonald's Corporation, the world's largest fast-food restaurant chain, with 2010 revenues of $24 billion, has recently been on a roll.
why dose the effective management of diversity make good business senes ?
With the growth of Hard Rock Cafe - from one pub in London in 1971 to more than 110 restaurants in more than 40 countries today - came a corporate wide demand for better forecasting.
Using at least two different quality tools, analyze data also present your conclusions. Elucidate how could survey have been more useful. Illustrate what is next step.
Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores. Johnson's expected demand for the display cases is 1,000 units, and average daily demand is 3 units.
What is the Role of Inventory Management in the automotive industry. How does it benefit productivity
(a) Formulate an LP to maximise Dinoco's daily profit. You must list any assumption(s) you have made in your formulation. And, use Management Scientist to find the optimal solution.
What performs all arithmetic operations (for example, addition and subtraction) and all logic operations?
Oil Blending . An oil company produces 3 brands of oil regular multigrade and supreme each brand of oil is composed of one or more of 4 crude stocks each having a different viscocity index the relevent data concering the crude stocks are
Make at least three recommendations for improving the use of information systems steering committees in making strategic and budgetary decisions. Explain your rationale for each recommendation.
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