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Part 1:A company is using the Economic Order Quantity (EOQ) model to manage its inventories. Suppose its inventory holding cost per unit per year doubles while the annual demand and the ordering cost per order do not change. What will happen to the EOQ?
Part 2:A manufacturing company sells its products directly to customers and operates 5 days a week, 52 weeks a year. The production department of this company can produce at the rate of 60 units per day. The setup cost for a production run is $ 125.00. The cost of holding is $ 4.00 per unit per year. The demand for the item is continuous and constant and is 3,900 units per year. (Note: The demand occurs only when the company is operating, that is, 5 days a week for 52 weeks). Find the optimum number of units to be produced in one batch (economic production quantity). Round the number to nearest integer.
Determine the likelihood of success of Nancy's discrimination claim from the EEOC data base and describe the basic precautions you should take so you might prevail in her claim.
Explain how project management knowledge and skills can be transferable across industries and professions
The challenger system has a maximum useful life of 5 years, a uniform AOC cost of $20,000 over its useful life, and a $10,000 salvage value anytime it is replaced.
Because of your great efficiency and expertise in performance improvement, you have been reassigned to a project that is behind schedule due to the loss of several key staff members.
Suppose you run HR at a large organization. How will you determine supply and demand? How will employee turnover factor into your decisions?
The hunt is on: Rich's 13 year old daughter Alexandra is going to give him an introductory trombone concert later in the day, and he wants to purchase earplugs before then.
What is the best decision based on an expected monetary value (EMV) criterion? (We want the lowest EMV as we are dealing with cost in this problem).
Thoroughly explain each of the five most prevalent revenue sources for a professional sport team. Which do you think is most important? Least important? Why do you think this way.
Formulate a maximum-flow problem which could be used to conclude whether all three projects can be completed on time. Draw the network also Write down the LP.
Comment on factors which affect process design. Identify at least one metric to measure process. Design a flowchart utilizing an appropriate tool.
Explain whether the U.S. government should do more to protect consumers or if consumers should become more aware and informed in today's business environment.
Examine Supply Chain of any cocoa Processing Business discussing Challenges and outline strategic directions to make it more competitive.
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