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A manufacturer uses a purchase part whose demand over any time period of length t (in years) can assume to be normally distributed with mean 200t and variance 400t. The part cost $20 each. The lead-time is 4 weeks. The annual carrying cost rate is 0.2 $/$/year. All shortages are backlogged and the shortage cost is proportional to the number units short, where the backlogged cost is $16 per unit. The setup cost is $100. A reorder point (s,Q) policy is used. (Assuming 52 working weeks within a year). a) Find the optimal order quantity and the reorder point. b) Find the average total relevant cost (setup cost, inventory holding cost and shortage cost)
A student is considering the purchase of two alternative cars. Car A initial costs $1,500 more than Car B, but uses 0.05 gallons per mile, versus 0.07 gallons per mile for Car B
Briefly describe when qualitative versus quantitative forecasting methods would be used? Describe what linear regression is and how it can be used.
A pharmaceutical manufacturer employed observations to improvement training of new reps. What category of research is this?
A company that sells an online course aimed at helping high-school students improve their SAT scores has claimed that SAT scores will improve by more than 90 points on average if students successfully complete the course
Use scholarly resources to illustrate how epidemiological concepts and tools may be applied to management and decision-making.
A company has started a phone service that uses overseas doctors to provide emergency medical consultations. The responding doctors are based in a country with low wages but with a highly skilled pool of physicians.
You are the manager of the Gander Mountain store in Frogtown, Illinois. Recently, a customer mentioned that they believed your prices for ammunition were lower than the prices of Gander's primary competitor in the hunting equipment market, Cabela's.
What was the intended effect versus the actual effect of the message? Was a shared reality constructed? If not, what needed to change?
A greater percentage of raw material purchases are paid with credit. More finished goods are produced for inventory instead of for order.
Why does corporate America have human resource planning?
Describe who will comprise your management team, and what talents or skills each of the team members will bring to the organization. Include a simple organizational chart.
what are the key factors that defines Google's success in the industry? What are their key competencies, capabilities and resources of being a successful search engine?
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