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A power plant uses coal to generate electricity. Coal is supplied at a rate of 9,000 tons per day at a price of $16.50 per ton and is used at rate of 1400 tons per day. The plant operates 365 days per year and its annual carrying cost is 28% of acquisition cost. Ordering cost is $675 per order.
1. What quantity of coal should they order each time?
2. What is maximum inventory level during the year?
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Explain several ideas from this article, stating how you can use them in your future career. Use specific examples and explanations to clarify your writing and help you apply this research to your professional future.
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Business-level, Corporate-level, and International Strategies. Using an Online Library or the Internet, research about the following:
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Bushwood Supermarkets is a major food retailer in the Philadelphia area. The chain has over 60 stores that receive merchandise from their Scranton, Pennsylvania warehouse.
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Your boss, the chief executive officer (CEO), realizes that you do not have much practice in this higher level, decision-making process and has asked you to write a memo describing your understanding of how to make important decisions.
What management concerns made BP reexamine their leadership model? What business issues did they face? How did this form of human expression assist in moving the top management perception of the organizational culture forward?
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