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A university credit union that serves a very large student population has an ATM in the student union where several cafes, restaurants, game rooms, gift shops and other unique shops are located. The average cash withdrawal at the ATM is about $40. Average number of cash withdrawals per week is about 200. The credit union estimates that the fixed cost of filling the ATM is about $100 regardless of the amount of cash in. Annual cost of money is 10% per year. Assume 52 weeks in a year. How much cash should the credit union keep at the ATM, that is, what is the Economic Order Quantity (Optimal Q, Q*)?
Describe the important steps in creating an effective performance measurement system :
Determine each of the following based on the relation {(-5, -3), (-2, 1), (2, 2), (-5, 8)}. 1. Is the relation {(-5, -3), (-2, 1), (2, 2), (-5, 8)} a function? 2. Identify the domain of the relation {(-5, -3), (-2, 1), (2, 2), (-5, 8)}.
Introduces an organization and describes its primary business. Lists at least five communication best practices and/or recommendations along with a description.
A process has a cycle time of 10 minutes. The throughput time is 10 hours. If the throughput time is reduced to 5 hours without changing the cycle time, what is the change in inventory (as a percentage)?
1.discuss why modern businesses need to know how to play the game of supply chain management. in a business network
what information can be sought and gained to monitor effectiveness of any continuous improvement efforts?
Select three metrics from the Week 2 textbook reading assignments that are most applicable in determining the effectiveness of the organizational structure and explain why these metrics are most applicable.
Which of the following statements regarding survival rates of entrepreneurial firms in the United States is correct?
ind out the raw materials inputs, machinery and equipment, methods and level of production technology used. Find out the equipment used and how equipment are maintained.
a task is expected to take 20 hours of labor at 25 per hour direct cost. the required material cost is 500. the
Should health care organizations use one method for depreciating their assets, or does the method of depreciation that they use depend on the type of asset?
There is considerable evidence that getting correct operating conditions is more important than the choice between MRP, kanban, or reorder point methods in the material planning and control system. How general do you believe this situation to be?
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