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Annual demand for an item is 35,000 units. The holding cost rate is 15% of the item cost. Ordering costs are $25 per order. Quantity discounts are available according to the schedule below:
Quantity Price per Unit ($)
1-99 80.00
100-299 79.50
300-399 79.25
400+ 79.00
Assume 52 5-day weeks per year. If the lead-time is 1 week, what should the reorder point be? If necessary, round your final answer UP to the nearest whole number.
Reflect upon your experiences throughout the course. What was the most surprising thing you learned about project management and why? What was the most challenging concept studied? What are you most likely to use as a current or future project manage..
A welder has constructed a manifold arrangement for an assortment of oxygen and acetylene cylinders stored together lying on the floor. The manifold pressurizes the gaseous acetylene and depressurizes the oxygen to 50-psig for both.
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Consider a process that has been making a part with an average weight of 24.5 ounces and an average range of 1.2 ounces for groups of size 4. Suppose further that the workers have made an x?bar chart using groups of size 4.
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Brief Introduction to the key concepts of Change Management and a "desktop" review of potential barriers and safety concerns
A project has seven activities - A, B, C, D, E, F, and G. They have mean activity times of 12, 15, 18, 9, 14, 10, and 8 days respectively, and each of them have a standard deviation of 2 days. The critical path has been identified as B-E-F-G. What is..
What kind of chart(s) does Tom need to analyze this problem? Explain why you chose the chart(s) he should use. Specifically, what information will Tom need to construct the chart(s) and how will he gather it
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