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A large hospital's nursery uses disposable diapers for its newborn babies at a rate of 60 cases per day. Ordering costs have been estimated at $50 per order. The hospital's Accounting Department has assigned a holding costs fraction of 0.15 to the nursery supplies. All the assumptions of the basic EOQ model, such as zero lead time, are applicable. The purchasing agent for the hospital has an opportunity to take advantage of one of several quantity discounts. The pricing schedule is listed below. Quanity Ordered Unit Price ($) 0-1,999 2.50 2,000-4999 2.45 5000-10,000 2.40 Over 10,000 2.35 *(One year= 300 days, 52 weeks, Month= 25 days), Annual Demand What quality do you recommend? NOTE: SHOW ALL COMPUTATIONS Please can you explain in detail
Create an X bar Control Chart for these data. Provide an appropriate graph title & series labels (legends) - Complete the data chart, filling in all highlighted cells correctly and adding your CL, LCL and UCL values to the data you will plot.
Discuss the use of safety stock and how that relates to customer satisfaction. Would you error on having more inventory and higher carrying costs or less inventory and less carrying costs? Justify your answer.
What role does perception play in communication? What causes conflict? How might individuals’ cultural values in the workplace be used to resolve conflict?
Illustrate what impact might the ant kickback issue have on the working relationship between Stryker also the surgeons who use its orthopaedic hip implants.
Due to a recent increase in business, a law firm secretary must now word-process an average of 20 letters a day (assume a Poisson distribution). Assume a second secretary is hired that type at the same rate as the first one. What is the probability t..
Henrique Correa's bakery prepares all its cakes between 4am and 6am so they will be fresh when customers arrive. Day-old cakes are virtually always sold, but at a 50% discount off the regular $10 price. The cost of baking a cake is $6, and demand is ..
Think of a leader you admire. What traits does this person have? Are they consistent with the traits discussed in this chapter? If not, why is this person effective despite the presence of different traits
Trojan Café is a small on-campus coffee shop that operates from 7am until 10am during the morning rush, with no customers arriving after 10am. The store is thinking of streamlining its operation, and it is interested in understanding how this will im..
From your accounting statements, how would you determine whether your firm is making positive economic profits or not?
Identify all the ways you have communicated, using media or technology, in the past week to collaborate virtually with someone. Identify how the presence of anonymity, physical appearance, distance, and time have had an effect on your virtual communi..
Explain why adding as much contingency reserve as needed to fully cover every risk to its fullest would or would not be a good idea. Think of an example to determine how much contingency reserve is needed for a project and why.
Describe how a company would implement each of these components of technology. Explain the purpose and how it would be utilized within the company. Explain any other considerations that should be taken into account.
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