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A major Fortune 500 company, decides to use the EOQ model for the product they produce. The weekly demand is 1,000 units, each unit costing $10, ordering costs are $50 per order, and inventory carring costs are 25%. Calculate the following:
A) The EOQ in units and the number of orders per year
B) The cost of ordering, cost of carrying inventory, and total cost.
C) Based the EOQ amount found in part A, what is the POQ?
The Galaxy project consists of 8 interdependent tasks, labeled A through H. You've consulted experts, and have determined an optimistic, likely and pessimistic completion time (in days) for each of the tasks. Draw a path diagram for the project
Sharp Discounts Wholesale Club is considering consolidating its two service desks into one location, staffed by two clerks. The clerks will continue to work at the same individual speed of four min per customer.
Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every six minutes.
Under the Occupational Safety and Health Administration (OSHA), who has primary responsibility for employee safety and what types of hazards are covered under OSHA regulations? Explain and provide examples.
Homeowners Jim and Lisa Criss hired Kevin and Cathie Pappas, doing business as Outside Creations, to undertake a landscaping project. Kevin signed the parties' contract as "Outside Creations Rep." They claimed that they were the agents of Forever Gre..
Thinking back on the last few months, consider a time when you encountered a friend or business associate who promised or agreed to do something but did not follow through. For example, did someone agree to sell you something but at the last minute c..
Assume you have just been assigned to a project risk team composed of five members. Your task, as project manager, is to develop a process for handling risks to the project. What methods should be used for identifying risks? What should be considered..
Assume you are a manager of a large heavy equipment manufacturing company. Your company currently outsources the manufacturing of a specialized piece of equipment to a firm in another country.
Elucidate however, there is not enough money for a full-blown, cross-functional enterprise application, also you will need to limit first step to a single functional area or constituency. Illustrate what will you choose, also why.
What is the ethical responsibility of a manufacturer for protecting workers? Why are large plant disasters, such as the one alluded to in the article, rarely seen in US factories? Should a domestic company impose ethical standards on operations loca..
Business organizations consist of three major functions which, ideally:
Consider using simple moving average model. Experiment with models using five weeks' and three weeks' past data. The past data in each region is given in the tab "Moving Average Analysis," that also includes the 13 week data (table above) along with ..
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