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Demand for a cleaning item at a retailer is 1000 units per year. A processing fee of $10 will be charged for each order placed. The annual cost to carry an item in inventory is 20% of the item costs. The supplier of this cleaning item offers the following price schedule to the retailer of his item:
Order size 1-299 300+
Purchasing price $20 $19
1. What are the retailer's optimal order quantity and the total annual costs?
2. The retailer opens 250 days a year. What is the average number of days between two consecutive orders (using the order quantity you got from Question 1)?
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a project manager must consider several components when overseeing the planning process of aggregate operations
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You bought a four-bedroom house near Ohio State University and want to rent it out to students. Your monthly mortgage payment is $650, your semi-annual taxes are $900 and your yearly insurance premium is $1200. You also estimate that you will need $7..
Identify technologies we covered that can be used as part of a CRM strategy and discuss its applicability to the Fresh Foods grocery store we reviewed as a case study.
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How can supply-chain management (SCM) help a company establish a competitive advantage? What are ways that companies can improve their supply chains?
Historical data indicates that only 20% of cable customers are willing to switch companies. If a binomial process is assumed, then in a sample of 20 cable customers, what is the probability that
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