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An office building that operates 365 days per year maintains inventories of office supplies, including a specialized paper. Currently, this paper is ordered once every two weeks. Over the course of a year, its average rate of usage is 75 reams per week (with a forecast CV is 20%). The paper costs $20 per ream, and the holding rate is 15% annually. The fixed ordering cost is $35 and the lead time for receiving an order is 4 weeks. Target cycle service level is 93%.
a. Calculate the preferred order up to level (OUL).
b. If the manager switched to a fixed order quantity system with an optimal EOQ, how frequently would orders be placed?
c. Do the results imply that daily ordering is too frequent?
What is meant by “the purpose of negotiation is not always to reach agreement”? Provide example(s) to illustrate your reasoning.
You are the Human Resources Manager of Wydget Corporation, a small manufacturing firm. Should you establish the employee involvement group?
On-the-job training has been described as the most misused approach to training.
The Ratas Company is using mainly teak lumber in the manufacture of outdoor furniture. They purchase teak lumber from a far away lumberjack in medium-to-large amounts and store it in their lumber yard near the factory. Each order placed to the lumber..
In your view, is comparable worth a legitimate strategy for determining job compensation?
Yvonne offered to sell Tracy several pieces of rare Italian art at a very good price because they were duplicates in her own collection.
Lawrence M. Clarke, Inc., was the general contractor for construction of a portion of a sanitary sewer system in Billings, Michigan.
Think of an organization you have worked for or one with which you are very familiar. Diagnose the need for change and present a plan to transform the organization, utilizing Kotter's 8-Step Approach.
Explain the necessary steps and the kind of decisions involved in the capital investment decision process.
What is the optimal choice under the maximum payoff criterion? What is the optimal choice under Bayes' decision rule?
A computer has three main modules that have individual reliabiliities of .80,.90, and .90. Because of recent failures, management is now considering adding redundancy. Determine the reliability of the system with backups under these conditions: Each ..
In conducting a Job Analysis there were seven methods of data collection described in.
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