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The purchasing agent for a company that assembles and sells air-conditioning equipment in a Latin American country noted that the cost of compressors has increased significantly each time they have been reordered. The company uses an EOQ model to determine order size. What are the implications of this price escalation with respect to order size? What factors other than price must be taken into consideration?
Discuss the assumptions of the basic EOQ model. Why are these assumptions important?
Explain the differences between the basic EOQ model and the EPQ model? When should be EPQ model be used instead of the EOQ model?
Assume that you have the following decision-making options: (1) make the decision on your own with available information, (2) consult others before making a decision, and (3) call a meeting and reach a consensus, seeking to arrive at a final decision..
Explain the relationship between custom, option and standard goods and services as they relate to project, job shop, flow shop and continuous flow processes.
What is the probability that both service clerks are idle?, How many customers, on average, are waiting in line in front of each service desk?, How much time does a customer spend at the service desk (waiting plus service time)?
Credit analysis is necessary to ensure which of the following. Credit terms are extended to customers who can pay according to the terms of the sale
What is a job analysis (e.g., what data is gathered, who is involved, what methods are available, etc.) and the uses of job analysis data?
It seems common in many of today's workplaces that people don't actually talk to one another frequently. We rely on e-mail, or the even less rich communication channel of text messaging.
What is the maximum number of defectives allowed in the second sample for the lot to be accepted?
Which of the following is characteristic of a global industry?
you will also analyze how the company does capacity planning and forecasting.search the companys web site and other
Strategic management is critical for the success of an organization. The survival of a health care organization is determined by how well the organization is able to adapt to change. "Successful health care organizations have leaders who unders..
then drawing the diagram of the factory and finding the maximum rate at which the market can be served if all valves were set to maximum. What happens to the system over time?
Explain how and why individuals and subunits engage in organizational politics to enhance their control over decision making and obtain the power that allows them to influence the change process in their favor.
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