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Sam’s Auto Shop services and repairs a particular brand of foreign automobile. Sam uses oil filters throughout the year. The shop operates fifty-two weeks per year and weekly demand is 156 filters. Sam estimates that it costs $18 to place an order and his annual holding cost rate is $3 per oil filter. Currently, Sam orders in quantities of 666 filters.
Calculate the total annual costs associated with Sam’s current ordering policy.
Calculate economic order quantity. units (Round your answer to 2 decimal places, the tolerance is +/-0.01.) LINK TO TEXT
Calculate total annual costs using the EOQ ordering policy. $ (Round your answer to 2 decimal places, the tolerance is +/-0.02.) LINK TO TEXT
Calculate penalty costs Sam is incurring by using his current policy. $ (Round your answer to 2 decimal places, the tolerance is +/-0.04.)
What advantages accrue to training evaluation that measures return on investment (ROI)? What are some of the obstacles to implementing ROI measures, and how can they be overcome?
Recognize the problems inherent in managing change and the obstacles that must be overcome.
After a trial run on this machine, C-Spec has decided that the machine has a sample mean of 4.001 inches with a standard deviation of 0.002 inch. Should C-Spec use this machine to produce this part. Why.
One of the questions on a survey of 1,000 adults asked if today's children will be better off than their parents. Representative data are shown in the WEBfile named Child Outlook. A. A response of No indicates that the adult surveyed did not think to..
Please explain how a member of a group might accumulate idiosyncrasy credits and the role that these credits play in the emergence of a leader. Please discuss the role played by critical and scarce resources in the emergence of a leader.
Would you agree that the importance of the individual supply chain management activities vary with the type of business? (e.g., purchasing vs. inbound transportation) and provide examples
Why is quantitative risk so important in risk mitigation? Explain how you have seen this in action in life or in your organization.
Enterprise Resource Planning-Find a news item within the past 6 months about a company that has benefitted from enterprise resource planning. Describe the company briefly – product/services, locations, customers. Describe the company’s operations bri..
The Sofaworld Company purchases upholstery material from Barrett Textiles. The company uses 45,000 yards of material per year to make sofas. The cost of ordering material from the textile company is $1,500 per order. It costs Sofaworld $0.70 per yard..
Production Option Two would have an annual fixed cost of $190,000 and a variable cost of $4 per unit. Determine the range of annual production for which each of the alternatives would be best.
Two 180-horsepower (HP) motors are being considered for installation at a municipal sewage-treatment plant. The first cost $6,100 and has an operating efficient of 77%. how many minimum hours of full-load operation per year are necessary to justify p..
Suppose that AlwaysRain Irrigation's Marketing department will undertake an intense ad campaign for the bronze sprinklers, which are more expensive but also more durable than the plastic ones. What are the capacity implications of the marketing ca..
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