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The catering manager of LaVista Hotel, Lisa Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday night, when her crew tried to set up for a banquet, they did not have enough knives. She decides she needs to order some more silverware, but wants to take advantage of any quantity discounts her vendor will offer.>For a small order (2,000 pieces or less) her vendor quotes a price of $1.80/piece.>If she orders 2,001 to 5,000 pieces, the price drops to $1.60/piece.>5,001 to 10,000 pieces brings the price to $1.40/piece, and>10,001 and above reduces the price to $1.25/piece.Lisa's order costs of $205 per order, her annual holding costs are 5%, and the annual demand is 47,000 pieces. For the best option, (the best option is the price leve that results in an EOQ within the acceptable range).A) What is the optimum ordering quantity?B) What is the annual holding cost?C) What is the annual ordering cost?D) What are the annual cost of the silverware with an optimal order quantity?E) What is the total annual cost, including ordering, holding, and purchasing the silverware?
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 ..
In a manufacturing facility that produces laptop computers, there are three production lines that operate independently of each other. On one line, circuit boards on the way to final assembly that do not meet quality standards get "kicked"
Shirley Hopkins is developing a program in leadership training for middle managers. Shirley has listed a number of activities that must be completed before a training program of this nature could be conducted. Illustrate what is slack time for eac..
Describe any information that may help Alliance reduce costs while providing better service. Propose a new approach that could be used by Alliance by using the purchase information that can be obtained on individual customers
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.
tephanie does not have a cause of action under Title VII for gender discrimination because she did not file action before she became a woman. d. Stephanie has a cause of action under Title VII for gender discrimination because she is legally consi..
Describe Shutter fly's business-level strategy. Who is the targeted customer. Which customer needs does the Corporation satisfy. Describe how does the Corporation use its competencies to satisfy these needs.
A recently negotiated union contract allows workers in a shipping department 29 minutes for rest, 12 minutes for personal time, and 17 minutes for delays for each four hours worked
Draw a decision tree showing the decisions, chance events, and their probabilities, as well as the profitability of outcomes, and solve the decision tree EVsmall expansion = $, EVlarge expansion = $
The initial investment to acquire also install the equipment is $256,000. The variable price to produce each unit will be $15 also the selling price for the finished product will be $30. Which of the subsequent best describes the situation of indu..
What is Handis expected total procurement cost given the number of purchased options from part f?
Illustrate what are steps in quality improvement model and explain how is benchmarking involved. Illustrate what are stages in which data quality found in a health record most commonly occur.
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