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?Sam's Cat Hotel operates 52 weeks per? year, 6 days per? week, and uses a continuous review inventory system. It purchases kitty litter for ?$13.00 per bag. The following information is available about these? bags: follows?Demandequals=95 ?bags/week follows?Order costequals=?$58.00?/order follows?Annual holding costequals=35 percent of cost follows?Desired ?cycle-service levelequals=80 percent follows?Lead timeequals=2 weeks ?(12 working? days) follows?Standard deviation of weekly demandequals=15 bags follows?Current ?on-hand inventory is 320 ?bags, with no open orders or backorders.
a. Suppose that the weekly demand forecast of 95 bags is incorrect and actual demand averages only 75 bags per week. How much higher will total costs? be, owing to the distorted EOQ caused by this forecast? error? The costs will be ?$ nothing higher owing to the error in EOQ. ?(Enter your response rounded to two decimal? places.)
b. Suppose that actual demand is 75 bags but that ordering costs are cut to only ?$9.00 by using the internet to automate order placing.? However, the buyer does not tell? anyone, and the EOQ is not adjusted to reflect this reduction in S. How much higher will total costs? be, compared to what they could be if the EOQ were? adjusted? The costs will be ?$ nothing higher owing to the error in EOQ. ?
Briefly explain the nature of the basic promotion methods available to a marketing manager and the strengths and limitations of each.
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What are the consequential effects of the above mentioned phenomenon on the economy and labor market?
Describe the most challenging obstacle you've had to overcome. Discuss its impact on your life. What have you learned from the experience? How has overcoming this obstacle shaped who you are today?
In your view, what is the difference between building cohesiveness in project teams in contrast to traditional/permanent teams? How do permanent teams build cohesiveness in contrast to project teams which tend to be temporary structures?
Security risk assessment is an invaluable tool in an IT professional's quest to protect a company's information assets. IT projects that do not go through a security risk assessment process have a greater potential of exposing a company's informat..
Use the following data to prepare a proposal using a balanced scorecard approach to demonstrate the project’s value to Centervale Apparel. Project Description: Replace legacy order fulfillment technologies by implementing a SCM system. Project Cost: ..
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For the reverse direction, I know I have to take a cauchy sequence and translate it to the unit circle and then show that if it is convergent there, it is convergent outside of the unit circle.
The NTCP diamond of a project can be used to formulate the best approach to manage a project. Explain how Novelty characteristics can be used to determine how customer requirements should be managed. Explain how Technology characteristics can be used..
It is important for the doctor to communicate the information and it is important for the patient to understand it. What if the patient does not understand the information and does not know he/she does not?
A retailer with annual net sales of $2 million maintains a markup of 66.67% based on cost. Operating expenses average 35%. What are the retailer's gross margin and net profit in dollars? [Hint: A Markup on Cost is equivalent to what Gross Profit Marg..
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