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A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8.20 per stone for quantities of 600 stones or more, $9.70 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. The jewelry firm operates 189 days per year. Usage rate is 25 stones per day, and ordering costs are $48. a. If carrying costs are $2 per year for each stone, find the order quantity that will minimize total annual cost. (Round your intermediate calculations and final answer to the nearest whole number.) Order quantity 476 stones b. If annual carrying costs are 26 percent of unit cost, what is the optimal order size? (Round your intermediate calculations and final answer to the nearest whole number.) Optimal order size stones c. If lead time is 9 working days, at what point should the company reorder? Reorder quantity stones.
Research has shown that transformational leadership can lead to a positive impact on performance and behavior. Discuss how this occurs and provide an example of a leader you have worked with who has done this successfully or who could use transformat..
Perhaps the most famous case illustrating the enormous cost of winning back lost customers is that of the “Tylenol Murders.”
How does the Quality Office play an important role at both the strategic and tactical levels in enabling the organization to strive for quality and performance excellence? The research and development function is positioned at the "fuzzy front end" o..
Within the present trend of business structures highlighting the importance of organizational dependence on gathering, collecting, and storing data from different departments. Should organizations place such a heavy reliance on Information Systems if..
Generally, what is the difference between speaking "on behalf of the Company" and speaking "about" the Company? The policy states that "These Social Media Principles should guide your participation in social media, both personally as well as when you..
There are many emerging trends and information technology (IT) tools used in health care, such as e-mail between the patient and provider, e-prescribing, and computerized physician order entry (CPOE). Complete the following for this Discussion Boa..
Please think of an example of a group or organization that you believe exemplifies one of the five stages of tribal development. This could be from your own experience or from your reading. Explain why you believe this organization or sub-organizatio..
Discuss the pros and cons of CPM scheduling. In your response discuss how to maximize the pros of CPM scheduling and how to minimize the cons of CPM scheduling. Provide an example of a pro for CPM scheduling and a con for CPM scheduling.
Sports of All Sorts produces, distributes, and sells high-quality skateboards. Its supply chain consists of three factories (located in Detroit, Los Angeles, and Austin) that produce skateboards. Draw the network representation for this problem. Spor..
Define and discuss the three primary models of CRM: the IDID model; the QCI Model and the CRM Value Chain Model.
Fat-Lab, Inc., manufactures and markets a product known as “Fat Blocker.” The purpose is to change a person’s digestion of certain materials as an aid in controlling weight. The U.S. Food and Drug Administration (FDA) classified “Fat Blocker” as a dr..
If the firm produces 60 units of output, what are profits or losses for this firm? Is the firm maximizing profits producing Q = 60? If not, what is the profit-maximizing level of output produced? Prove that your answer to part b represents the profit..
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