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Suppose that your firm manufactures toy flying drones. Monthly demand for the drones is 230,000 units. Setup cost per order is $220, and the annual holding cost percentage is 24%. The drones cost $50 to produce and are sold for $99.
a) If you have one warehouse, what is the economic order quantity for the drones? What is the total of the annual setup and holding costs of this quantity?
Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. Item cost $ 9.00 Standard deviation of weekly demand 30 per week Order cost $ 250.00 Lead time 3 weeks Annual holding cost (%) 34 % of it..
The annual demand for a product is 15,000 units. The weekly demand is 288 units with a standard deviation of 80 units. The cost to place an order is $32.00, and the time from ordering to receipt is six weeks. The annual inventory carrying cost is $0...
What are the basic legal principles of ownership and management of corporations and the advantages and disadvantages of Corporations, Limited Liability Corporations (LLC) and a Limited Liability Partnership (LLP)?
Discuss the following topics in your initial post about quality standards, techniques, controls and cost. Choose any quality management tool or technique presented in the textbook or from any other source. Explain this tool or technique in detail inc..
The consumer loan division of a major bank wants to determine the size of the staff it would need to process up to 200 loan application per day. It estimated that each loan office can process a loan application in approximately 20 minutes. If the uti..
Develop a concept for a new restaurant business. You may choose to develop your concept as a local, regional, or national company—but in all cases, you must plan to open a restaurant in your local area. What are the challenges of achieving sustainabl..
A produce distributor uses 710 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once..
A large bakery buys flour in 25-pound bags. The bakery uses an average of 4,700 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Annual carrying costs are $75 per bag. Determine the economic order qu..
John Howard was shaking his head as he left the meeting with his boss, Joe French. Joe was right; the new technical manual was simply not up to the company's standards. Yes, he had told Joe that there were three new people in the test group, but that..
Identify an organization, regardless of whether it provides a good or service, and illustrate its operations through the SCOR Model, illustrated through at minimum one upstream and one downstream organization with whom your chosen organization is dep..
The United Mutual and Accident Insurance Company has a large pool of clerical employees who process insurance application forms on networked computers. When the company hires a new clerical employee, it takes that person about 48 minutes to process a..
Describe the strategic human resource needs of an organization that you are familiar with against the measurement tools used by staffing. Further, defend the legality of these selection measurement tools.
Which of the approaches for achieving innovation in project-based firms is the most viable across the greatest variety of scenarios? Why? The approaches are the Linear-rational approach, and the Organic approach.
External Environmental Analysis: Identify key external forces with immediate strategic implications for Alaska Coffee Company.
There are three main types of inventory: raw materials, work in process, and finished goods. In general, inventory of wither has both positive and negative impacts on an organization. Discuss in details the impacts all three types of inventory.
The new process would have fixed costs of $90,000, and variable costs of $5. What is the crossover point for these processes? For what range of outputs is each process appropriate?
Illustrate what about my two other supposedly "free questions" are those included in this fee. Or is the fee just for the Thomas Kratzer question
Consider an organization where you work or have worked. Discuss the risk balance or policy that senior management plays for a risky project. If you have not worked in such an environment, discuss a current project that has appeared in the news med..
How well does risk management contribute to project success? Outline the six sub processes and identify how they contribute to project success.
Electronincs assembly Inc. operates two 8 hour shifts for 275 days per year. Use this information in the table to determine the capacity requirement. Cellphone Demand forecast Processing Time Mars 15,000 15 Saturn 8,000 18 Neptune 12,000 16
You are planning to make monthly deposits of $410 into a retirement account that pays 9 percent interest compounded monthly. If your first deposit will be made one month from now, how large will your retirement account be in 35 years? What is the fut..
Identify one or more actions that will serve to reduce or eliminate the barrier for a one piece flow to the following. 1- fluctuations in customer demand. 2- Time required to transport parts.
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