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Best Bikes produces bicycles and buys brakes from a supplier in Japan. The brake set for one bicycle costs $125, and it is $35 to process the order with the supplier. The company consistently sells 50 bicycles a week (for 52 weeks of the year) and holds an average of 1 week of brake sets in inventory to cover the constant lead time from Japan. The company uses a holding/carrying rate of 20%.
a) What is the average inventory carrying/holding cost for the brakes?
b) What is the EOQ for the brakes?
c) What is the ROP for the brakes?
d) What is the total annual inventory cost for the brakes?
e) What buying/purchasing strategy would be most appropriate for the brakes and why?
How is the project progressing in terms of cost and schedule. What activities have gone well. What activities have not gone well. What do the PCIB and PCIC indicate in terms of how much of the project has been accomplished to date
What are some of the most common indicators that an improvement is needed in a process? Without these indicators, how often should processes be reviewed for efficiency? How would you conduct such a review
An electronic device consists of 3 components. The 3 components are in series so that the failure of one component causes the failure of the device. Explain how should the device be constructed.
Choose an advertisement that exhibits the five elements of the Creative Pyramid (provide a page number or link for the class). Explain your choice. What is the big idea of this ad? Why do so many good ads lack one or more of the five elements?
Chuck Sox makes wooden boxes in which to ship motorcycles. Chuck and his three employees invest a total of 40 hours per day making the 120 boxes.
We have seen dramatic changes in society's view of HIV, AIDs and homosexuality. How does employment law impact long-term change? Would those who came after have it easier than the main character? Why? Does " familiarity breed contempt "or evolve into..
Describe your insights as a result of Reporting and Evaluating Research and how it is related to everyday encounters with research. What types of research findings do you see every day? What has been the impact of the time you have spent studying the..
Weekly demand for detergent at a Walmart store is normally distributed, with a mean of 3,000 and a standard dev of 700. The store manager continuously monitors detergent when there are 7,000 units in inventory. The supplier takes two weeks to supply ..
Please prepare a recurring cost estimate summary for your class project and submit this inputs via the mylmuconnect web-site for our class.
You are an independent consultant, and you have been approached by a company called Gerusa. Gerusa is a company of former Soviet scientists who have developed a method of killing cancer cells with light in a process called Photodynamic Therapy
The NTCP diamond of a project can be used to formulate the best approach to manage a project. Explain how Novelty characteristics can be used to determine how customer requirements should be managed. Explain how Technology characteristics can be used..
There is a hypothetical coffee cart named “Java Cart” at an open space in Anchorage. It has only one server, who works as a cashier and barista. Its coffee is so popular that once a customer arrives, he/she never gives up waiting in line until they o..
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