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Given the following data for a particular inventory item: Usage 500 units/week Ordering $40 per order Carrying Cost $.01 per unit per week Lead Time 3 weeks Price $.50 per unit a. What is the economic order quantity for this item? b. For the economic order quantity, what is the length of an order cycle? c. For the economic order quantity, what is the reorder point? d. For the economic order quantity, what is the average inventory level? e. For the economic order quantity, what are average weekly ordering costs? f. For the economic order quantity, what are average weekly carrying costs? g. For the economic order quantity, what are average weekly total costs, including the cost of the inventory item?
Illustrate what would be qualifications for a director of marketing for Automotive Performance.
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Discuss the strategic importance of layout decisions. How can a particular layout impact a company's strategic goals? Provide some specific examples from industry.
Which are three most relevant lessons learned of this reading. Please Explain why. Also analyze also discuss in great detail.
An assembly line with 20 activities is to be balanced. The total amount of time to complete all 20 activities is 56 minutes. The longest activity takes 3.2 minutes
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receive customer order from Counter Employee, retrieve uncooked food, drop food into fry vat, wrap cooked food into special packaging
Calculate the item's EOQ. What is the average time between orders, find the safety stock and reorder point that provide a 95% customer service level
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