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A produce distributor uses 740 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once a month.
How much could the firm save annually in ordering and carrying costs by using the EOQ? (Round intermediate calculations and final answer to 2 decimal places. Omit the "$" sign in your response.)
Savings $ per year
Riverside Metal Works produces cast bronze valves on a five-person assembly line. On a recent day, 180 valves were produced during an 8-hour shift. Calculate the labor productivity of the line.
What is social media and what are some of the social media tools used by businesses? Do social media sites provide the same function as corporate websites?
If managers frequently use experience and intuition to make complex, nonprogrammed decisions, how do they apply evidence-based management, which seems to suggest that managers should rely on facts and data?
Think of your primary place of employment. What type of business applications may qualify as good candidates to modelling them as linear programming problems? As you answer this question, think of the decision variables, objective function, and any r..
knox corp. plans to sell 1000 units in 2011 at an average sale price of 40 each. cost of goods sold will be 40 of the
describe how lean production principles may be used to maximize the efficiency and effectiveness of the electric fan
A team wants to predict their batting average for August. Which yields a better forecast and why?
A company’s holding cost is 16% per year. Its annual inventory turns are 9.5. The company buys an item for $50. What is the average cost ($s), to hold this item in inventory (NOT annual holding cost but the average cost of each individual item on ave..
In this assignment, you will need to think about the design, manufacture, and assembly of your laptop or desktop computer.
How to formulate a linear programming model? The manager of a department store in Seattle is attempting to decide on the types and amounts of advertising the store should use. He has invited representatives from the local radio station, television st..
You are the HR VP for the Carringten Auto Brake Lining Company. A recent economic downturn has seriously affected the auto industry and your company, as well. Describe the components of an executive compensation plan. Explain how these components can..
What are two ways Toyota operation might have changed if it had focused on low cost instead of quality
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