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Given the following data for a particular inventory item: Usage 500 units/week Ordering $40 per order Carrying Cost $.01 per unit per week Lead Time 3 weeks Price $.50 per unit a. What is the economic order quantity for this item? b. For the economic order quantity, what is the length of an order cycle? c. For the economic order quantity, what is the reorder point? d. For the economic order quantity, what is the average inventory level? e. For the economic order quantity, what are average weekly ordering costs? f. For the economic order quantity, what are average weekly carrying costs? g. For the economic order quantity, what are average weekly total costs, including the cost of the inventory item?
briefly explain vendor relations in lean systems- a. Why are they important? b. how are they different from adversarial relations of the past? c. why are suppliers hesitan
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Think of an organization with which you are personally familiar (best), or of which you are aware through word of mouth or reading. Identify one underlying value, belief, or assump
integrated systems
what are the different steps in quantitative forecasting in manufacturing
1) Discuss why businesses set plans, how they set plans, and how short and long-term objectives work together. 2) Define and discuss the role of a company's vision and mission in
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A diet is being prepared for the University of Arizona dorms. The objective is to feed the students at the least cost, but the diet must have between 1,800 and 3,600 calories. No m
Medical Solutions, Inc. has the following claims it must complete in the next week (40 hours). The jobs are as follows: Claim Type Number of Claims to Process Setup (Changeover) Ti
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