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Question: Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores. Johnson's expected demand for the display cases is 1,000 units, and average daily demand is 4 units. The production process is most efficient when 16 units per day are produced at a cost of $100 per unit. Setup cost is $50. Inventory carrying cost at Johnson is determined to be 10 percent annually. What is the best production order quantity, and how many days is a required production run?
A large financial institution is losing market share to savvy upstart companies and it has asked its top marketing executive to identify the main reasons for their sliding performance. Describe three barriers that might cause the marketing executive ..
Information technology (IT) consists of all the hardware that a firm need to use in order to achieve its business objectives, whereas information systems consist of all the hardware and software needed. Knowledge management systems are used to gather..
Using the information in the text analyze the current trends in the external environment associated with Health Care. Taking advantage of them requires risk and vision. Choose a current trend in the external environment and tell what type of business..
Everett Company chartered a ship for two years and agreed to make monthly payments of $25,000 to Michaels, the owner of the ship. Every month Everett wired a telex message to his bank to transfer the monthly payment to Michaels. Who wins? Why? Was th..
How much is the annual inventory carrying cost of the safety stock because of this decision?
Read and analyze the JetBlue Airlines: Getting Over the “Blues” case. What are key forces in the general and industry environments that affect JetBlue’s choice of strategy? What internal resources and assets does JetBlue have that may give it a compe..
At a catalog order centre for gardening supplies, customers browse catalogs, look at display items, and fill out an order card for items that they wish to purchase. They then join a single queue and wait to be served by the next of the six clerks who..
A warehouse storage building company must determine how many storage sheds of each size-large or small-to build in its new 8,000-square-foot facility to maximize rental income. Each large shed is 150 square feet in size, requires $1 per week in ad..
Select an organization of your choice and describe how a specific database management technology is being used to improve operations
Create a set of scatter charts by plotting each of the rows in Exhibit 1-3 against the development cost row. For each one, explain why there is or is not any correlation.
Discuss the concept of Lean and Six Sigma in the context of the topic selected identifying recent developments in the field;
Models are helpful to guide organizations and managers through the arduous process of change where the outcome is uncertain and the path is complex and laden
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