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Jim Gilbert's Computer Store in Lake Mary sells a printer for $200. Demand is constant during the year, and annual demand is forecasted to be 600 units. Holding cost is $20 per unit per year, whereas the cost of ordering is $60 per order. Currently, the company is ordering 12 times per year (50 units each time). There are 250 working days per year, and lead time is 10 days.
What is the reorder point?
What was the most complex project that you have been involved in? Give examples of the following as they pertain to the project: the work breakdown structure, tasks, subtask, and work package. Were you on the critical path? Did it have a good project..
monique food processing company produces light snacks that can be heated in a microwave. the following steps are
How is capacity measured at your college or university? Identify a business system you are familiar with. Does it ever suffer from too little capacity? What are the value implications when its demand is greater than its capacity?
Grafton Metalworks Company produces metal alloys from six different ores it mines. The company has an order from a customer to produce an alloy that contains four metals according to the following specifications: Formulate a linear programming mod..
Southern Markets, Inc., is considering the use of ABC analysis to focus on the most critical SKUs in its inventory. Presently, there are approximately 20,000 different SKUs with a total dollar usage of $10,000,000 per year.
Sandra likes Bob about as much as Bill but likes them both about ve times as Ben. Formulate a binary program to model how the couples should pair up so that in the aggregate the girls are as happy as possible.
A company is deciding if it should design an advertising system for use on Twitter. The first option is to skip out on designing, with no net costs or gains.
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.
Describe how you could use the net present value of cooperative net income to gauge the health of a cooperative. How could you use the net present value of owner’s common stock to gauge the health of your cooperative. Will these two measures ever giv..
A chocolate maker has contracted to operate a small candy counter in a fashionable store. Formulate the LP model. Solve for the optimal values of the decision variables and the maximum profit.
Community Hospital expects to use 40,000 pairs of gloves per year. The delivery cost for gloves is $180 and the cost to hold a pair is $.18/year. What is the optimal order quantity for the hospital? What is the total inventory cost? What is the optim..
Evaluating environmental and industry influences that create strategic opportunities or issues. Using theories and models of strategy to increase knowledge of an organization's strategic position and direction.
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