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A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.4 per stone for quantities of 600 stones or more, $9.5 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. The jewelry firm operates 194 days per year. Usage rate is 25 stones per day, and ordering costs are $48.
If carrying costs are $2 per year for each stone, find the order quantity that will minimize total annual cost. (Round your intermediate calculations to the nearest whole number.)
If annual carrying costs are 20 percent of unit cost, what is the optimal order size? (Round your intermediate calculations to the nearest whole number.)
If lead time is 5 working days, at what point should the company reorder? (Round your intermediate calculations to the nearest whole number.)
HRM has transitioned over the last couple of decades from back office support to strategic partner.Review some major trends that have impacted HRM over the last twenty years
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From a business perspective, what are the dangers of "greenwashing"? If you were a marketing executive, would you have a policy against "greenwashing"?
the Chair sampled 500 final grades from last yr for each instructor also computed the number of failures per instructor as 13, 11, and 0 also 16 respectively. Compute the upper also lower standard control limits for this chart.
Construct a pie chart that plots the percentage of patients unssatisfied with their meals. Set the control limits to include 99.73% of the random variation in meal satisfaction. Comment on the results.
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What is the chocolate raw material safety stock Christian needs to hold? What is the expected inventory level for the chocolate raw material?
Company purchases natural gas from two companies; Southern gas also northwest gas. Develop a linear programming model which can be used to determine plan which will minimize total distribution costs. Describe distribution plan also Show total distrib..
What is the number of pallets that ABC Distribution can process (receive and shelve) per week? Round to a whole number.
Finally, they looked this value up in the Normal Table (or computed it utilizing Excel). The number returned was: 0.0489. Specified this returned value, Illustrate what is the percent chance that the project will take longer than the assigned due ..
What do you think about the idea of a human resource department in a professional office? How would you sell the idea of a human resource department to the managing partner?
A pharmaceutical manufacturer employed observations to improvement training of new reps. What category of research is this?
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