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It is your responsibility, as the new head of the automotive section of Nichols Department Store, the ensure that reorder quantities for the various items have been correctly established. You decide to test one item and choose Michelin tires, XW size 185 X 14 BSW. A perpetual inventory system has been used, so you examine this as well as other records and come up with the following data: Cost per tire $35 each Holding cost 20 percent of tire cost per year Demand 1,000 per year Ordering cost $20 per order Standard deviation of daily demand 3 tires Delivery lead time 4 days Because customers generally do not wait for tires but go elsewhere, you decide on a service probability of 98 percent. Assume the demand occurs 365 days per year. a. Determine the order quantity. b. Determine the reorder point.
List and discuss the elements of Strategic Management according your textbook and the Strategic Management Model handout in doc sharing (1) Name the element. Define it. (2) List and explain why each element is essential for short term success and..
Geoff Gullo owns a small firm that manufactures 'Gullo Sunglasses'. He has the opportunity to sell a particular seasonal model to Land's End. Geoff offers Land's End two purchasing options.
Write generalized form of transportation problem as LP problem. Also explain how to solve degeneracy in transportation problem.
There are some negotiators who will use "dirty tricks" during negotiations to attempt to gain an advantage over the other party.
explain how to design his new organization. This design will comprise management structure, pay system also allocation of work to individuals also groups.
Discuss the effects of each of the compensation packages on company profits and the behavior of the manager. What assumptions are needed in order to compare the expected values and risks associated with each option?
What is the dealers optimal decision without conducting the survey? What is the EVPI? Based on the survey results what is the optimal decision strategy for the dealer?
Pete, a Quality Company employee, is authorized to use Quality checks to buy supplies. Pete alters one of the checks to increase its $700 amount by $100, and exchanges it at Retail Office Supply for $700 worth of supplies and $100 cash.
What is the break-even quantity beyond which the first process is more attractive?
Dalton and Carla run a small bicycle shop called " D n C"Bicycles.They must order bicycles for the coming season. Orders for the bicycle must be placed in quantities of twenty(20).
which ones, in your opinion, are the most difficult to overcome? 2. describe the major sources of supply base risk. what are some of the supply chian risk management tools available to avoid or mitigate supply chain risk?
Discuss the role of personal selling in promoting products and explain the advantages it offers over other forms of promotion.
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