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An energy company orders railcar loads of coal at a rate of 62,500 tons per year. Delivery lead time is variable, but has averaged 5 days. The annual cost to hold inventory is $200 per ton and each order that is placed with the supplier costs $2,500 per ton. Since the usage of coal and arrival of the railcar are both variable, the plant manager has set a safety stock level of 5,000 tons. a) What is the economic order quantity (in metric tons)? b) What is the total holding cost for the year? c) What is the total ordering cost for the year? The next order should be placed when coal inventory drops to how many tons? (Assume 365 days in one year for converting annual demand to daily demand)
What strategic changes did HRM make? Provide an example of how HRM is a strategic partner in your current line of work.
Outline an employee motivational plan for your current employer or former employer. Provide a rationale for your response.
There is not a traditional answer to meet every problem in an organization. The latest theory could be outdated within a few years. Therefore, in many cases leaders must create their own strategy
Categorize different scheduling procedures for various types of service operations, such as restaurants, hospitals, and airlines. Your initial post should include explanations and examples and be 200-250 words.
Distinguish between individual barriers and organizational barriers to communication. Explain two examples of each beside those referenced in the textbook.
Discuss the advantages and disadvantages of long-term contracts. Do you think the advantages outweigh the disadvantages, or vice-versa? Why, and under what circumstances? Provide reference(s) if applicable
Determine the key benefits of creating such policies. Provide a rationale for your response. Speculate on the major ramifications if such policies are not created. Provide a rationale for your response.
Suppose 1-year T-bills currently yield 7% and the future inflation rate is expected to be constant at 3.2%per year. What is the real risk-free rate of return, r*? Disregard any cross product terms.
Line will operate for 450 minutes per day. Illustrate what is minimum number of workstation needed if maximum output rate is to be sought. Illustrate what range of output is theoretically possible for line.
Write a 3+ page, double-spaced essay: Explain the organizational archetypes as described by Mintzberg and discuss how organizational structure influences innovation.
In lean systems, compared to traditional systems
Define a quality problem in this organisation. (Hint: Use the approach of defining a problem statement as covered in Section 12.1: Project Charter).
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