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ABC Aircraft uses 3,000 drill bits annually. Each drill bit costs $50 and each order ABC places costs $25. The annual carrying rate is 40% of unit cost. ABC has contracted with the supplier of the drill bits to use an order quantity of 200 by doing which they receive a 3% discount on purchase price.
Compute the annual total cost (i.e. the Purchase cost + Ordering cost + Holding cost). (Please read the question more than once)
You are the assistant director of the hospital medical staff office at The Rural Outreach Community Hospital in a tiny town in Arkansas. It is your job to verify physician credentials for staff privileges
Orders arrive three days from the time they are placed. Daily holding prices are equal to five percent of the price of the beer. If he were to order 16 cases of Stein beer at a time, illustrate what would be the length of an order cycle.
Mathematical Programming and Optimisation: Build and describe a prototype model Use your model to recommend a schedule of burning and, if required buying fuels
What are some of the challenges inherent in maintaining both individual and team identity? Please provide real world examples.
Excelsior's proiducts average inventory is valued at $500,000. Inventory is ordered 52 times per yearat a reordering cost of $700/per order. THe cost of carrying inventory is 20%.
should this expense be considered unusually high ( and possibly worthy of investigation by the company)? Explain your answer. d. Compute and interpret the z- score for each of the six entertainment expenses.
Protocols are important in medicine. We use them anytime that a particularly important process needs to be completed in a sequential way for the benefit of our patients.
Based on information for the current years, is Kansas City the best location for a warehouse? If not, what are the coordinates for a better location>? What cost improvement can be expected from the new location?
One of the most important outputs from the plan procurement process is the procurement statement of work (SOW). Who should write the SOW? How detailed should it be? Why is this important?
Illustrate what do you think is more important for a good IT professional: strong technical skills or strong people skills.
Your company has an average annual inventory of $70 million. Its annual cost of goods sold (COGS) is $560 million. Order costs are $195 per order, and inventory carrying costs are estimated at 23%.
How many DVDs should Blockbuster order and what is its expected profit and what is the profit that the studio makes given Blockbuster's actions?
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