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A local nursery, Greens, uses 2184 bags of plant food annually. Greens works 52 weeks per year. It costs $8 to place an order for plant food. The annual holding cost rate is $2 per bag. Lead time is two weeks.
a. Calculate the economic order quantity
b. Calculate the total annual cost
c. Determine the reorder point
The organization needs to describe the number of chairs also table to produce each day in order to maximize profit. Formulate a linear programming model for this problem.
Some of gas companies would like to discover or test elasticity of demand or at illustrate what price will consumers stop buying gas also choose alternatives like carpools, public transportation or riding a bicycle.
Illustrate what do you think is MOST important reason, explain why supply chain management is important to Regal and firms like it. Explain why.
Illustrate what would you do as the NEW CEO to restore the organization to a consistently profitable position. Consider specifically the possible role "contingency variables" also the "learning organization concept" might play in your actions.
Alpha Snacks (AS) uses a periodic review inventory policy in ordering chocolate-multi-grain snack bars. The vendor visits the store every three weeks to take orders lead time for shipments is three days.
Formulate a balanced transhipment problem (draw the transportation tableau) which can be used to minimize the shipping costs incurred in meeting consumers' demands. Solve the problem by utilizing QM for Windows.
Discuss what you think will happen to supply, demand also price of the product in the long-term. Explain why you think supply, demand, or equilibrium price will be different, if at all, in the short-term also the long-term. "
A company is operating in 2 unrelated businesses. The first one is making common salt, which is sold in one-kilogram consumer packs.
Alpha Products, Inc. is having a problem trying to control inventory. There is insufficient time to devote all its items equally. Here is a sample of some items stocked, along with the annual usage of each item expressed in dollar volume.
Use the course's Electronic Reserve Readings (ERR), the Internet, or other resources, to find an article that defines the learning organization.
Term structure of interest rates. Explain why the event is consistent with the theory you nbelieve it matches.
Companies go international for different reasons. What are the four reactive (defensive) reasons to go international? Explain.
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