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Ray's Satellite Emporium wishes to determine the best order size for its best-selling satellite dish (model TS111). Ray has estimated the annual demand for this model at 1,750 units. His cost to carry one unit is $65 per year per unit, and he has estimated that each order costs $20 to place.
Using the EOQ model, how many should Ray order each time? (Round your answer to the nearest whole number.)
Charlie’s Pizza orders all of its pepperoni, olives, anchovies, and mozzarella cheese to be shipped directly from Italy. An American distributor stops by every four weeks to take orders. Because the orders are shipped directly from Italy, they take t..
Stella can handle about ten customers per hour at her one-person comic book store. The customer arrival rate averages about six customers per hour. Stella is interested in knowing the operating characteristics of her single-channel, single phase queu..
An important part of the customer service responsbilities of a natural gas utility company concerns the speed with which calls relating to no heat in a house can be serviced. Suppose that one service variable of importance refers to whether or not th..
The chief actuary has assigned you the project of developing rates for liability coverage for their new classic and antique car liability coverage program.Calculate the rate per exposure unit using the pure premium method
Create a backup proposal in case management does not approve your initial proposal. The backup proposal should have at least 3 changes different from the original plan.
Thunder Bay has been producing computer chips with an average life of 480 hours and a standard deviation (s) of 24 hours. Thunder Bay has the opportunity to obtain a large order from XYZ Computers if it can produce the computer chips with specificati..
If the spot rate for the Swiss Franc is that 1.15 SF is equal to 1 US $, and the annual interest rate on fixed rate one-year deposits of SF is 0.25% and for US$ is 1.75%, what is nine-month forward rate for one dollar in terms of SFs? Assuming the sa..
What takt time would match capacity and demand if demand is 120 units a day, there are two shifts of 480 minutes each, and workers are given three half-hour breaks during each shifts, one of which is for lunch or diner?
Describe the logistics value proposition with specificity regarding customer relationships and cost.
A produce distributor uses 710 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once..
responsible for monitoring and controlling strategic plans
Forecasting is important relative to capacity requirements planning. Discuss the merits of using judgment methods (i.e., qualitative data) in contrast to quantitative forecasting methods. Which methods do you consider to be superior or more ac..
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