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The demand for a certain item is 16 units per period. Unsatisfied demand causes a shortage cost of Rs.0.75 per unit per short period. The cost of initiating purchasing action is Rs. 15.00 per purchase and the holding cost is 15% of average inventory valuation per period. Item cost is Rs. 8.00 per unit. Find the minimum cost and purchase quantity.
Use the following scenario to answer all discussion module questions in this course. Scenario: A young man has decided to open his own auto repair shop. He will need a management information system and he has asked you for help.
You work for the residential mortgage lending division of a leading financial institution. This institution also separately operates a division specializing in commercial space rental loans. Based on your observation make a detailed argument to the C..
Digital marketing options for your division: Discuss the decision to shift all or a portion of a division's promotional budget to digital marketing. Consider factors including B2B verses B2C considerations in digital media, target market coverage, ex..
You have been hired as a new procurement and supply manager at a company that manufactures and assembles construction equipment. The management team is not satisfied with the cost to manufacture and assemble the construction equipment as well as the ..
Supply chain management is the integration of activities that procure materials and services, transform them into intermediate goods and final products, and deliver them to customers.
Provide a thorough explanation of the importance of leadership development. You may include responses to the following: Why is leadership development important to organizations? Why is leadership development important to members of an organization wi..
Each system component has a backup with a probability of .90 and a switch that is 100 percent reliable. Backups with .90 probability and a switch that is 99 percent reliable.
Let's assume you are an HR manager at a worldwide mobile communication company and you are in charge of measuring employees' potential to grow and to remain in the organization. How would you measure a candidate 1) for her potential to grow as a mana..
How could a business use information technology to increase switching costs and lock in its customers and suppliers? Use business examples to support your answers.
How do ERP and CRM help a company. What are the drawbacks to setting up those different types of systems in a business. What direct effects do these systems have on customers.
Analyze the opportunities or needs for IS/ IT implementation in the firm by identifying the functional areas affected, the specific business processes involved, and the decision level that might be impacted. ( Case study Telemedicine an opportunity o..
Chicago's Hard Rock Hotel distributes a mean of 1000 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 100 towels per day, based on occupancy.
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