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A large law firm uses an average of 10 boxes of copier paper a day. The firm operates 260 days a year. Storage and handling costs for the paper are $4 a year per box, and it costs approximately $52 to order and receive a shipment of paper. What is the optimal order quantity (EOQ)? Determine the total costs of ordering and holding inventory for the year. Suppose the company currently orders paper once every other week, how much could they save by ordering the EOQ amount when they order?
Describe any constsaints on the ability of businesses to respond to external factors.
Distinguish between a minimization and maximization LP model. How do you know which of these to use for any given problem?
Consider the figure above and assume that the title search time has changed to 60 minutes. Based on the new data, determine the following
What are the motivational implications of organizations having reserved parking for certain members? What are the pros and cons of reserved parking from an expectancy theory perspective?
D-Magic is a new company that has developed a revolutionary 3D television. It uses a new technology that provides a much sharper and realistic 3D experience than their competitors.
Ben would like to use an inventory system which minimizes inventory cost also will satisfy 95 percent of his customers who order this wine. Illustrate what is economic order quantity for Ben to order.
The line contributes about $500 per hour to the firm's profit and overhead. What is the probability that the new machine project will meet the firm's NPV hurdle?
Why is selecting computer hardware and software for the organization an important management decision? What management, organization, and technology issues should be considered when selecting computer hardware and software?
Braneast Airlines must decide explain how many airplanes should serve the Boston-New York-Washington air corridor and which flights to fly.
An organization recently developed a new compensation system, which has moved the organization from a static grade-based salary to a performance-based compensation system with possible yearly increases determined by yearly performance reviews.
Many people shy away from careers in selling, often because they think they are not outgoing enough, or because salespeople are dishonest or pushy.
Departments A, B, C, and D need to be assigned to four rooms 1, 2, 3, and 4. These rooms are arranged in a row, in that order, with 20 meters between each. The departmental work flows are contained in the table below.
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