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Honeywell and Cootes law firm still uses pens and paper regularly rather than being a technology enabled company. They estimate that they use 8,000 high quality pens a year with a daily standard deviation of 10 pens. These high quality pens costs roughly $5 per pen. It is estimated that the holding cost is 4% of the value of a pen a year. The assistant manager places orders for pens from Office Supplies Inc., with an estimated ordering cost to be $40. From the time the assistant manager places an order, it takes 5 days for the order to arrive.
- Assume 365 days per year, 52 weeks a year, and 7 days in a week. Assume the office manager would like to have a 99% service level. What is the optimal replenishment order up to level?
Assuming a constant wage rate, illustrate and explain using a diagram, how a firm’s marginal cost of production are at minimum when it’s marginal product is at a maximum. Illustrate and explain using a diagram how a firm’s long run average cost curve..
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calculate the average number of customers waiting at LHS. Explain how you would decide the number of seats the LHS facility should have for waiting customers
planning is an important aspect of management. it is important for organizations to plan both strategically and
Elucidate how are organizations similar to living things. Illustrate what are organizational behaviour model also its focus. Why is it important to understand organizational behaviour.
Create a new business that you would like to operate. Would you select an LLC, an LLP, or a corporation to form your company? Provide a detailed explanation as to why that entity would be appropriate for you. Support your choice with the applicable l..
Would a U.S. MNC doing business in Germany find it easier to introduce these concepts into German operations, or would there be more receptivity to them back in the United States? Why? What if the U.S. multinational were introducing these ideas in..
How do foreign medical education programs for physicians compare to medical education programs in the United States. How do the differences impact the quality and cost of health care in the United States
The textbook provides an example of stakeholder attributes when it discusses the case of Home Depot, old growth wood, and environmental activists. Discuss this case in terms of the environmental group's legitimacy, power, and urgency. Please type you..
Categorize the following causes of complaints into a cause-and-effect diagram: tools, scheduling, defective parts, training, billing system, performance measures, diagnostic equipment, and communications.
faircloth financial specializes in home equity loans where customers can take out a loan against the equity they have
Compare the organizational structures of Google and Walmart. Explain what types of control processes might be found in each of the organizational structures.
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