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Yearly demand of high performance tires at a retail store is 10,000 per year. The ordering cost is $400, the carrying cost is $100, and the lead time is 9 days. The retail store only closes 5 days in the year.
Find the optimal order size
Find the total annually inventory cost.
What is the reorder point?)
The current price of each tire is $150. The supplier offered a discount of $10 per tire if the retail store orders more than 300. What is the right decision? (justify your answer)
The company wants to ensure a 95% (z=1.645) service level.
What would be the cost of the safety inventory? (Assume ?d = 4)
Several new employees, mostly women also minorities were hired to remedy the lack of diversity in the workplace. Due to financial difficulties within the organization, each division manager has been instructed to decrease his or her employee payro..
where v is the demand and p is the price. Develop the nonlinear profit function for this company and determine the price that will maximize profit, the optimal volume, and the maximum profit per month.
What is the multifactor productivity, if the crew consisted of two of each type of mechanic?
With the growth of Hard Rock Cafe - from one pub in London in 1971 to more than 110 restaurants in more than 40 countries today - came a corporatewide demand for better forecasting.
Assume alpha: 0.50. At the end of December 2006, illustrate what is our prediction for total number of shavers which will be sold during March also April of 2007.
Unfavourable market sales" has been defined as 8,000 units. Suppose this is optimistic. At Illustrate what value would we change our decision also hire engineers.
They plan to use this production line ten hours a day in order to meet forecasted demand of 900 units per day. The subsequent table describes the tasks necessary to produce this product.
If a pilot test revealed 45% perceived poor service quality, and we decide the interval range is + 10 percent with a 95% confidence level, what is the calculated sample size to confirm or not the findings from the pilot test previously applied to fir..
instituting plant upgrade option B and perhaps consolidating the production of branded footwear in just one plant (to only incur the payment of production run setup costs one time).
Coupling can be marked at a rate of 200 per day. Annual storage cost is $2 per coupling also machine cost is $70 per run. Determine economic run quantity.
Cloris employs one sales representative at a salary of $40,000 per year. If Johnson reduces advertising budget by $20.000 she expects to 75 fewer units. Should he lower her advertising budget.
Illustrate what are some of the key reasons organizations might undertake development process mapping. Explain how might these initiatives be altered by the decision to select and implement an ERP system.
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