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A computer-supply mail order house has a memory chip in inventory that it sells to customers around the country. A Japanese manufacturer supplies the item using airfreight. It has the following characteristics: Average annual demand = 3,200 Replenishment lead time = 1.5 weeks Carrying cost = 15% per year Purchase price, delivered = $55 per unit Procurement ordering cost = $35 per order a. Design a reorder point method of control for this item. b. What are the annual ordering and annual carrying costs if your design is used? c. Suppose that the lead time stretches to three weeks, so that the ROP>Q*. What adjustments would you suggest making in the control policy?
what ways might these challenges differ if the temporary workers have been hired on a temp-to-perm basis rather than on a strictly temporary basis.
Champ Sports Corporation buys the assets of Delta Athletic Corporation. Champ continues Delta's business and retains the same personnel. Is Champ liable for Delta's debts?
Business model and strategic focus (discuss competitive advantage in this section)
The management has set a standard which every employee should be able to answer at least 400 e-mails during every shift. Computes the tact time based on the information given.
The munchies cereal makes a cereal from several ingredients. Two of the ingredients, oats and rice provide A & B. Formulate a linear programming model. Solve this model using a grid line
A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Yearly carrying costs are $75 per bag.
the desired confidence level is 99 percent, and the average of the sample means is 20. What is your LCL?
What do you think the important objectives are for a MNE to have effective compensation policies and why? Also, why is it important for MNEs to understand the compensation practices of other countries?
Explain how do societal trends influence the practice of management. Illustrate what are the implications for someone studying management.
What is the decision to be made, and what is the chance event for Southland's problem? Construct an influence diagram
Illustrate what specific legal problems do you think Rosen might run into because of his firm's screening methods? Explain how would you suggest he eliminates these problems.
What are the four properties that must be present in order to use binomial distribution?
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