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Johnson Plastics makes and sells, among many other things, specialty plastic display cases for retail stores. Johnsons expected demand for the display cases is 1,000 units, and average daily demand is 3 units. The production process is most efficient when 12 units per day are produced at a cost of $119 per unit. Setup cost is $39. Inventory carrying cost at Johnson is determined to be 8 percent annually.
1. What is the best production order quantity? in units
2. How many days is a required production run
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Health insurance is a concept developed in the United States and now appearing in many other nations of the world. Its history and development is an interesting story
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Estimated demand for gold-filled lockets at Sam's Bargain Jewelry and Housewares is 2,800 lockets a year. Manager Veronica Winters has indicated that ordering cost is $40.
What is the average and the standard deviation of demand during the protection interval?
A transshipment center receives incoming trucks at its loading dock; on average, 1.2 trucks arrive each hour. There is currently a team of two workers at the dock, who unload each shipment in about 30 minutes. Each worker is paid $10 per hour and ..
in your opinion do you think Tort Reform will benefit the patients or the medical practitioners? How will this change effect medical institutions?
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