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Question: Suppose annual demand is 2000, the carrying cost is 20%, the cost per item is $50, and the cost per order is $5.
a) find the optimal order quantity and the total minimum cost
b) if backorders are permitted and the backorder cost is $30, find out the total minimum cost and how much savings there are relative to a policy without backorders.
When creating trade policy, should the interest of businesses and their employees take precedence or should that of consumers take precedence?
Describe the basic elements of the project life cycle. Why is an understanding of the project life cycle relevant for understanding project management?
Assume that you work for a company that designs and manufactures uniforms and protective equipment.
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There are many electro-optical (EO) and infrared (IR) sensor types with applications including ground target data collection, navigation, and sense-and-avoid.
Suppose that the demand rate for an item could be modeled as a continuous linearly decreasing function of time: xt=a-bt where a>0, b>0 and where t=0 is the present time. Calculate an estimate of the all-time remaining future requirements for this ite..
Examine how tolerance groups and financial transparency are implemented in an accounting information system within a company
Explain the difference between a profit vector and a profit signature.
Review the initial scenario and the Strategic Business Plan presented in Module 1to make sure that the requirements of the Board and the Part II Strategic Plan are met. In order to meet the requirements of the Board, you will prepare the finalStra..
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The rules of work are changing significantly. Some will able to adapt to the changes and succeed others will not.
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