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Hayes electronics assumed with certainty that the ordering cost is $450 per order and the inventory carrying cost is $170 per unit per year. However, the inventory model parameters are frequently only estimates that are subject to some degree of uncertainty. Consider four cases of variation in the model parameters as follows: (a) both ordering cost and carrying cost are 10% less that originally estimated, (b) both ordering cost and carrying cost are 10% higher than originally estimated, (c) ordering cost is 10% higher and carrying cost is 10% lower than originally estimated, and (d) ordering cost is 10% lower and carrying cost is 10% higher than originally estimated. Determine the optimal order quantity and total inventory cost for each of the four cases. Prepare a table with values from all four cases and compare the sensitivity of the model solution to changes in parameter values.
Review the Pleasant Manor Scenario provided in the resources section and write a white paper on how current theories in organizational behavior and communication could have helped Pleasant Manor avoid the slowdowns and loss of market share when th..
The importance of Supply Chain Management can not be underestimated because it ensures that the right materials are at the right place at the right time at a minimal cost and maximum quantity.
The daily demand of a product is very stable at 250 units per day. However, its delivery lead time varies and can be specified by a normal distribution with a mean lead time of twelve days and standard deviation of three days. What are the safety sto..
Provide an example where nonverbal feedback was used and describe the end result?
There are some advantages and disadvantages starting a new business in either political system. Obviously, there are some advantages for small businesses in the socialist countries, otherwise, all countries would support the free market.
What recommendations might you give to a team that is facing a major organizational change? How does change management link to meeting strategic goals?
Explain the importance of the project life cycle to project management. Identify and define the phases within the project life cycle and explain their importance to the project being successful.
Sandy believes her employer has breached the employment agreement and she should be paid for the two weeks between jobs. Is she right? Explain.
Descirbe the type of matrial handling systems used in warehouses?
Explain how risk has impacted a project that you have been associated with as a team member or project leader
Why is it difficult for labor negotiators to switch from traditional to integrative bargaining? What recommendations would you make for negotiators trying to make this switch? Why is it more difficult for union negotiators to make this change comp..
please see attached file which related to linear programming and answer part a b in full details with posting pom-qm
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