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Item Cost - $7.00 Order Cost - $283.00 Annual Hold - 32% of item cost Annual Demand - 22,100 Average Demand - 442 per week Standard deviation of weekly demand 20 per week lead time - 1 week service probability - 95% Determine the order quantity and reorder point. Determine the annual holding and order costs.
Finally, they looked this value up in the Normal Table (or computed it utilizing Excel). The number returned was: 0.0489. Specified this returned value, Illustrate what is the percent chance that the project will take longer than the assigned due ..
Research several issues of business magazines such as Fortune, Business Week, Fast Organization, etc. also find examples of two companies that are using approaches to busting bureaucracy. Discuss the techniques these companies are applying.
Identify key players in this case. Describe each player's role also their relationship to each other. Describe IS management position(s) which were missing at Clarion also suggest candidate(s) to fill roles.
Should a marketing manager or a business refuse to produce an "energy-gobbling" appliance that some consumers are demanding? Should a firm install an expensive safety device that will increase cost but that customers do not want?
Do you think se assumptions are realistic or are EOQ model an outdated technique for inventory control. If so, why. If not, explain why not. Could model be modified to fit needs of specific businesses.
Calculate the appropriate loan table, showing the breakdown in each year between principal and interest
Illustrate what are the risks also benefits associated with this approach to IT planning. Provide some examples of each.
Forecast the number of accidents that will occur in May, using least-squares regression to derive a trend equation.
How is environment scanning helpful to a manager and the organization? Distinguish between internal and external recruitments. Give examples of each. What are the benefits and drawbacks of each of the two recruitment methods?
As the investment community watches to see if Blockbuster will be able to sustain a double-digit growth rate under the new direction, the CEO is reviewing his actions as the strategic leader of Blockbuster over the past couple of years.
The local convenience store makes personal pan pizzas. Currently, their process makes complete pizzas, fully cooked, for the customer. This process has a fixed cost of $20,000,
Suppose which standard deviation of process distribution is 5.77. If specifications for access time are 500 ± 18 sec., is process capable? Why or why not? Assume three-sigma quality.
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