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The annual demand for an item is 2400 units. The inventory holding cost is $ 6.00 per unit per year. The demand is continuous and constant, that is, 200 units/month. The item is purchased in two lots. The size of the first lot is 1600 units and the size of the second lot is 800 units. Find the total annual cost of holding inventory.
Discuss due diligence when deciding on a pool of vendors. List and discuss five criteria that a customer would be interested in and why these criteria are important in the decision making process.
What is the role of a CIO in today's global business environment? Dr. Carr presents a good argument in the "IT doesn't matter" reading. Present your view of Carr's central arguments that investments in IT are less likely to deliver a competitive e..
The Minneapolis Star Tribune newspaper has decided to write an article about gasoline prices in the Twin Cities area (Minneapolis and St. Paul).
The supplier would like to deliver sweatshirts once a week. Explain how much will this price the co-op per yr. Under illustrate what conditions would you agree to the supplier's proposal.
Calculate the appropriate loan table, showing the breakdown in each year between principal and interest
Data collected on the monthly demand for lawn mower at Azaka Gaarden Supply are shown in the following table Period Demand for lawn mower January 10 February 12 March 18 April 16 May 19 June 23 July 26 August 30 September 28 October 20 Novem..
Compare the result in (a) to the probability that a fatality involved a rollover and comment on whether SUVs, Vans, and pickups are generally more prone to rollover accidents that other vehicles.
A hospital has three independent fire alarm systems, with reliabilities of 0.95, 0.97, and 0.99. In the event of a fire, what is the probability that a warning would be given?
What are the three sources of variability that are fundamental to operations management?
Make at least three recommendations for improving the use of information systems steering committees in making strategic and budgetary decisions. Explain your rationale for each recommendation.
Describe the ideal approach for a project manager to develop optimal estimates for a project's time and costs.
Illustrate what are some of primary goals of legislation. Name at least two ways this law revised bankruptcy proceedings. Do you think these changes are for better. Explain why or explain why not.
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