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Dynamic Doors makes doorstops. They use 350 sheets of rubber per month which they put into a press to form the door stops. The rubber sheets are purchased at $1.80 per sheet and the annual cost to store a sheet is estimated to be 20% of the purchase price. The ordering cost is $20 per order and the store has been placing orders for 2000 rubber sheets when resupplying.
a. Determine the EOQ, rounded to the nearest sheet.
b. How much money will be saved if the manufacturer orders the EOQ amount instead of 2000?
Elucidate how would you have ruled on the case when it was tried in 2001. Elucidate. Would the result be any different today after the Supreme Court's 2005 decision in the New London, Connecticut, case. Elucidate.
A seasonal index for a monthly series is about to be calculated on the basis of the past four years' accumulation of data. the four previous July values were 110, 135, 125, and 130.
What data would be used to support this metric and how would you ensure that the data are of sufficient quality? How does data analytics support your metrics?
What does the text mean when it states that rather than to search for the perfect forecast one should learn to live with inaccurate forecasts? What does this mean for a small business owner of a retail brick and mortar operation?
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Identify five key economic variables that could represent major opportunities or threats to a bank in your town or city. Identify which that you believe to be most important, and describe at least one strategic response.
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What are some of the key issues associated with human resource management as it pertains to information technology projects?
As a top executive, the only agency relationship I am concerned about is the one between myself and the firm's owners. I think that it would be a waste of my time and energy to worry about any other agency relationships."
What is meant by mass customization? How can market conditions and consumer desires affect customization? Explain any price considerations that must be factored into the mass customization decision.
Utilizing the perspective of the effects of organizational culture, explain the impact of The Toyota Way. Illustrate what challenges does Toyota face as it attempts to maintain The Toyota Way while pursuing vigorous global expansion.
A seasonal index for a monthly series is about to be calculated on the basis of the past four years' accumulation of data. the four previous July values were 110, 135, 125, and 130. The four previous total year values were 1440, 1920, 2400, and 19..
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