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Garden Variety Flower shop uses 187.5 clay pots a week. Annual carrying costs are $0.60 per pot per year. Ordering costs are $20 per order. Lead time is 2 weeks. The store operates 48 weeks per year.
a. How much should the store order at one time?
b. How many times per year should the store order?
c. How many weeks should be between two consecutive orders?
d. What is the store’s minimum total annual cost of placing orders & carrying inventory?
If the company wishes to carry no safety stock what is the reorder point.
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Another employee has learned that a member of management may be acting improperly, and has asked you for advice.
Regan and Lipskey discuss the sources of gains from international trade in Chapter 33 of their book. How important have such sources of gains been for Suncor?
What are three problems that Clearfield Cheese Company is facing? At least one problem should address transportation.
What is the probability that a randomly selected person spent more than ?$22??
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