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A computer-supply mail order house has a memory chip in inventory that it sells to customers around the country. A Japanese manufacturer supplies the item using airfreight. It has the following characteristics: Average annual demand = 3,200 Replenishment lead time = 1.5 weeks Carrying cost = 15% per year Purchase price, delivered = $55 per unit Procurement ordering cost = $35 per order a. Design a reorder point method of control for this item. b. What are the annual ordering and annual carrying costs if your design is used? c. Suppose that the lead time stretches to three weeks, so that the ROP>Q*. What adjustments would you suggest making in the control policy?
If a marketing research firm has decided to photograph people within the lobby of a movie theatre over a two- to three-day period, what qualitative measure approach will most likel
Class, on the final exam you may be asked the difference between an entrepreneur and a "small business manager" (Hatten, 2009, p. 29) so let's practice with it here. What is the di
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List and describe (in two or three sentences each) three IT projects that should be a part of Bill's IT Plan - one project to support each area and/or process identified in above
Q1. What recommendations can you offer Dick Enrico to improve his chances of staying successful for the rest of his career? Normal 0 false fal
Describe what challenges has the European Union Consortium faced in the last 2-3 years
1 To ensure that its supply chain can handle a surge in demand, MitiTech should: a. hire additional manufacturing employees b. modify its design to speed up production time
Consider the cutting stock problem that arises when a company manufactures sheets of standard width 100 and has commitments to supply 40 sections of width 40, 60 sections of width
Describe the importance of learning curves in a services-based operation and how they can be used to increase organization efficiency. Please provide a specific example.
What will be the duration of a management conference duration?
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