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Q. The soft goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order has been estimated to be $12.00. The store uses an inventory carrying charge of 27% per year. Decide the optimal order quantity, order frequency and the Yearly cost of inventory management. If, during automation of the purchasing process, the ordering cost can be cut to $4.00, illustrate what will be the new economic order quantity, order frequency and Yearly inventory management cost? Explain these results.
The quality inspector randomly selects four bottles from the bottle machine and measures the outside diameter of the bottle neck, a critical quality dimension that decides whether the bottle cap will fit properly.
An analysis of the holding costs, including the appropriate annual holding cost rate.
Why is participation considered such an effective technique for reducing resistance to change. Describe at least 3 other tactics which are also useful to reduce resistance to change.
Suppose that management of Mytrle Air express believes that the probability of weak demand is 0.70. and the probability of weak demand is 0.3. Use the expected value approach to determine an optimal decision.
For this assignment, you must submit a memo consisting of 900-1,300 words in which you discuss your experience using the 3 decision-making models.
Graph the constraints for this problem. Indicate all feasible solutions. Find out the optimal solution to LP Relaxation. Round down to find out a feasible integer solution. Is this solution optimal?
Elucidate what is the probability which a random number from the triangular distribution is less than 400. Elucidate what is this probability for the normal distribution.
As the marketing manager for the manufacturer of a new line of computer jump drives, Elucidate what strategy would you use to get your channel members to promote your product.
Compute depersonalized demand for each semester. If the regression equation for depersonalized demands 250.82 + 4.53(X), compute forecast for Fall2010 semester.
Illustrate what are some of the key reasons organizations might undertake development process mapping. Explain how might these initiatives be altered by the decision to select and implement an ERP system.
Formulate linear programming model for this problem. Mention the objective function (minimize or maximize) and all model constraints. Solve this model graphically. Identify the following: each constraint line, feasible solution area, x1, x2 and Z..
Elucidates what would be the amount of additional expense on equipment which would make productivity of the 2 system equal. Case study Norwegian salmon processing facility.
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