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Roscoe’s Maple bar sells frozen maple bars purchased from a vendor that remain as fresh as they have ever been for essentially an unlimited time in the freezer. They are open 365 days of the year with average daily demand of 100 (standard deviation 25). Including cost of capital and cost of freezer space, the estimate that each bar costs about $4 per year per bar for inventory. They estimate that it costs about $50 each time they receive a shipment of bars to unload the truck, sign the paperwork, etc. What is the economic order quantity? The boss says “I would be willing to live with about one stockout per year .” Given that the lead time is 2 days (standard deviation 1 day), what should the reorder point be for an (R,Q) inventory system?
What are some of the consumer behavior-related concepts you are aware of? Briefly describe each one, and identify two concepts or principles of consumer behavior that you feel could help you improve your own business (if you are a business owner) or ..
The same bakery also makes gourmet chocolate-chip cookies by the dozen to sell to local grocers. The bakery is contracted to supply 30 dozen cookies a day to the grocers.
Project costs can be affected by many factors such as inflation, change requests or the need to maintain a reserve. Explain any one factor and how you will act on it. Narrate an example of an ethical dilemma that project managers may have to contend ..
SPL Family is preparing to initiate a program whereby employees may participate in a telework program. We anticipate that implementation of the program will begin sometime next quarter. SPL Family Enterprises is pleased to offer this new program to i..
A video store (AVS) runs a series of fairly standard video stores. Before a video can be put on the shelf , it must be catalogued and entered into the video database. Every customer must have a valid AVS customer card in order to rent a video. Draw a..
The line managers in the production department have heard a lot of good things about value chain management. They heard that you have done considerable research on this topic. They have come to your office today to discuss value chain management wi..
what would point some possible conflicts among the key stakeholders interests and what steps would you recommend that he takes to best deal with them?
Under what conditions are quantitative tools useful in analyzing data? Qualitative tools?
What experiences and qualifications are important in preparing managers for "fact-based" decision making?
A retailer sells handmade teak folding deck chairs at an average rate of 2 per week. The lead time from the craftsman is 8 weeks. a) What is the average demand during the replenishment lead time? Suppose that the standard deviation of demand during t..
Compute covariance between returns of Stock A also Stock B. For convenience, assume that expected returns of Stock A also Stock B are 11.75 percent also 18 percent, respectively.
A fast food restraint manager is trying to determine how to have customers wait in line. There are two options under consideration: (i) a separate line for each of the three tellers, or (ii) a single line that will feed into the three tellers as they..
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