Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
The information technology department of State University buys paper for its copier machine frequently. The office manager would like to determine the best quantity to order each time an order is placed. She has estimated that the ordering cost is $12 each time an order is placed. The monthly demand for paper is 135 reams (500 sheets to a ream). The cost of paper is $6.50 per ream, and the carrying cost is 25 percent of the paper cost per month. Base your answers to the following questions on the economics that are provided and using the traditional inventory models we have studied.
a) How many reams should be ordered at a time?
b)Suppose the information technology department of the university only has space to hold 35 reams of paper at any time. How many reams should be ordered at a time? Why?
c) There are 350 working days per year and the lead time is 3 days. What are the reorder point and the inventory position immediately after placing the order?
d) If the university were to order at least 60 reams of paper every time it places an order, the paper company will lower the price of the paper by $0.33 for all reams of paper. The university can now acquire all of the storage space that it needs. However, it will cost the university an additional $1.00 per ream per month for storage. What is the difference in the annual inventory cost between this policy and the policy found in a)? Consider all relevant costs.
A firm plans to begin production of a new small appliance. The manager must decide whether to purchase the motors for the appliance from a vendor for $7 each or to produce them in-house.
Why do you think social loafing occurs within groups? What can be done to combat it? Have you seen instances of collective efficacy helping or hurting a team? Please explain your answer.
Frank Hurley is the farmer with 250 acres on which he wishes to plant wheat and corn to maximize his expected return for season. Based upon the output, what key points would you recommend to Frank?
Suppose production manager is told to reduce safety stock of this item by 100 units. If this is done, illustrate what will new service probability be. Solve this problem.
Belief which helps solves difficult social problems create a desirable community also attract also keep skilled employees is known as which argument.
Because the corporation has little experience with either, set up like the other division sin a traditional hierarchy and production system, converting to total quality and JIT/ Lean little by little as time and experience permit
Think about an organization where you work now or did in the past that went through a change. The change project could be defined at the organizational level or at the department level.
Flex Electronics Gadget, Inc. produces 4 types of PCB (printed circuit boards), each of which requires different combination of treatment. There are 7 treatment station.
Explain how should your team use dynamic pricing in next two years to increase revenue. Explain how would you communicate your answers to questions #1 also #2 to your fans also ticket buyers.
What is the Role of Inventory Management in Ford Motor Company's Production Line. Discuss with examples pertaining to Operations Management and Operations Management perspectives. (1500 -2000 words)
construct the rate diagram for the birth and death process: state=(0,1,2,3). birth rate=(4,2,3,0). death rate=(0,1,6,2). d) given the inputs in part(c), develop the balance equations for this queuing system.
Examine the steps an organisation would take to establish a PMO or PO if it did not previously have one. Explain which of these steps would be the most difficult for the organisation to complete successfully.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd