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Your company assembles five different models of a motor scooter that is sold in specialty stores in the United States. The company uses the same engine for all five models. You have been given the assignment of choosing a supplier for these engines for the coming year. Due to the size of your warehouse and other administrative restrictions, you must order the engines in lot sizes of 1,500 each. Because of the unique characteristics of the engine, special tooling is needed during the manufacturing process which you agree to reimburse the supplier. Your assistant has obtained quotes from two reliable engine suppliers and you need to decide which to use. The following data has been collected:
Note:Assume that half of lot size is in inventory on average (1,500/2 = 750 units).
Two qualified suppliers have submitted the following quotations:
Your assistant has obtained the following freight rates from your carrier:
Was top management acting correctly in developing an estimate? What estimating techniques should be used for a mission critical project such as this?
It is for this reason that we have included these important researchers in our discussion of motivate people. Illustrate what lesson have you learned about this chapter also motivating workers.
From a business perspective, what are the dangers of "greenwashing"? If you were a marketing executive, would you have a policy against "greenwashing"?
How many prisoners would they have to process annually to make a profit of $100,000 at this new location?
Keep in mind which every warehouse does not have to be used. Formulate an LP program also solve this problem.
Define the term de facto corporation and list the 3 terms that must exist in order for it to exist. Define the term corporation by estoppel.
Mathematical formulation of the model
What internal problems result from the current planning and control policies? In particular, analyze stock turns and availability.
First Virgin actively seeks business proposals from the public via its Web site. "If you have a fantastic idea for us, then were all ears! Were always on the lookout for fresh ideas to improve our current companies and to create brand new ones."An..
Illustrate what order size would minimize total inventory costs. Illustrate what are total costs of inventory. Office manager is presently using an order size of 200 packages.
The Central Valve Company sells industrial valves and fluid control devices. One of Central's most popular valves is the Western, which has an annual demand of 30,720 units.
Although it will fulfill her lifelong dream, Patricia is not confident that demand for her Tiny Trisha doll will exceed the breakeven point computed
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