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A manager of an inventory system believes that inventory models are important decision-making aids. The manager has experience with the EOQ policy, but has never considered a backorder model because of the assumption that backorders were “bad” and should be avoided. However, with upper management's continued pressure for cost reduction, you have been asked to analyze the economics of a backorder policy for some products that can possibly be backordered. For a specific product with D = 800 units per year, Co = $150, Ch = $3, and Cb = $20, what is the difference in total annual cost between the EOQ model and the planned shortage or backorder model? If the manager adds constraints that no more than 25% of the units can be backordered and that no customer will have to wait more than 15 days for an order, should the backorder inventory policy be adopted? Assume 250 working days per year.
Describe the Five Stages of Skill Acquisition and how it relates to knowledge creation and creating a learning organization.
Consider a project where Expected time is 43 days and standard deviation of the project is 8 days. The project manager has agreed to deliver the project by 41 days. What is the probability the project manager would be able to complete the project ..
The importance of behavior control in your restaurant organization. For example, how much of you and your managers' time is spentdirectly supervising employees
You are in a crowded conference room conducting an important business meeting when the ceiling springs a major leak and water falls from the ceiling tiles all over the conference table.
As an individual, develop an inspiring anecdote about something that actually happened, or might have happened, at a current or former employer.
You are the assistant manager of an appliance store. Next month you will order two types of stereo system. How many of each model should you order to maximize your profit?
Melissa Clare works for a software company as a technical support representative. Her duties include answering the telephone, providing information to customers, and troubleshooting technical problems.
Ryan is clearly in a difficult situation. She just started at a new company and is already contending with conflict. As she prepares for her difficult conversation with Gretchen, she is mindful of the fact that there will be a power differential betw..
What are some non-government organizations, and do they have the same international human resource management issues?
Explain the four basic management functions of planning, organising, leading and controling. Discuss how external environmental factors can impact on managerial and organisational. Identify and explain contemporary management challenges.
Select one of the "Big 3" automobile companies in the US, or another large US manufacturing firm that interests you. Identify one or more Strengths, Weaknesses, Opportunities and Threats for that firm.
Stephanie the CEO of XYZ Inc., is trying to increase the level of effort and therefore performance in her company. Based on expectancy theory on motivation she knows that effort does not lead directly to performance
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