How does the company determine inventory-related costs

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1. Choose a company such as Apple, Amazon, Nike or a major automotive producer, and identify their inventory or materials management system. Does the system use any formal models? Why or why not? How does the company determine inventory-related costs?

2. An appliance manufacturer produces two models of microwave ovens: H and W. Both models require fabrication and assembly work; each H uses four hours of fabrication and two hours of assembly, and each W uses two hours of fabrication and six hours of assembly. There are 600 fabrication hours available this week and 480 hours of assembly. Each H contributes $40 to profits, and each W contributes $30 to profits. What quantities of H and W will maximize profits?

Reference no: EM132282851

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