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Question: For problem in the chapter, suppose the Grinell Machine Shop produces its tables at a rate of two per day (250 working days per year).
a. What is the optimal lot size?
b. Draw a graph of on hand inventory versus time.
c. What is the maximum value of inventory?
Problem: A supplier has come to you and offered the following deal. If you buy 29 or fewer cases of cleaning solution, the cost will be $25 for each case. If you buy 30 or more cases, the cost will be $20 per case. Assume your cost of carrying inventory is 15 percent a year, it costs $20 for you to order the material, and you use 50 cases per year.
a. How many cases should you order?
b. Would you negotiate with this supplier for a further discount? Explain the quantities and prices that you would negotiate for and why those quantities and prices are selected.
“Human Resource management practices are culture bound”. Discuss this statement as it relates to your Employee Handbook and show how different cultures might adopt this employee handbook and management practices
Focus groups can be used to gain insight into all the following EXCEPT for. why does reed believe that the conventional notion of western or european civilization is misleading when applied to the american experience?
What could be done to encourage parties to follow through on their commitments in an agreement If the statute of frauds didn't exists? How does public policy affect the status of fraud?
Let’s create a “risk list”, which may include some items from last week and new items. Provide short definitions.
Explain some of the challenges Kendra may face as a marketing manager moving from a corporate environment to a nonprofit environment.
Why do you believe what you believe in regards to ethics, religion and spirituality - or why do you not believe?
What is the difference in creating an easement by grant, by reservation, or by implication? Tim makes the following argument: “ Even though CC&Rs limit what a property owner can do with his land, they may increase his property value” Is Tim right? Wh..
Consumer preferences for Camay bathing soap were obtained on an 11-point Likert scale. The same consumers were then shown a commercial about Camay. After the commercial, preferences for Camay were again measured. Has the commercial been successful i..
Which action best supports labor-management cooperation? A scientist is hired to perform research at a pharmaceutical company. Which of the following is the MOST critical to include in the employment contract?
Our firm has been contacted by several organizations who have jobs that require very high levels of either cognitive, emotional or physical abilities.
What is the average time spent by each order waiting to be processed? Assume that the orders coming in are either small or large. Small orders are for an average of $500 and large orders are for an average of $5,000; 20% of the orders coming in are..
Considering the critical incidents approach to job analysis, you focus on the:
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