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A shop makes candles. Monthly demand is 360 boxes. Raw materials can be produced (supplied) at a rate of 36 boxes per day. Daily usage rate is 18 boxes per day. Assume that demand is uniform throughout the month. Setup cost is $60 for a run, and holding cost is $2 per box per month. Hint 1: Setup cost should be treated as ordering cost. Hint 2: Larger time unit is the month and smaller time unit is the day.
What is the economic run size (order size)?
What is the maximum inventory level?
Illustrate what are some of the possible explanations for not finding any causes. Illustrate what should the manager do.
The upper and lower limits for diving ring diameters made by John's Swimming are 40 and 39 cm. John took 11 samples with the following average diameters (39, 39.1, 39.2, 38.9, 39.4, 39.5 39.6, 39.7, 39.8, 39.9, 40.1). Is the process in control?
Illustrate what is the theoretical number of workstations. Suppose that Demand rose from 750 to 1,000 units per day. Illustrate what would you do? Show any amount or calculations.
The I-10 Carpet Outlet wants to develop a means to forecast its sales. The store manager believes that the store's sales are directly related to the number of new housing starts in town.
please link to an advertisement that exemplifies consumption as described in the text and define its relation to the material in the text
With the better quality shirt also $25 selling price, illustrate what volume is necessary in order for Riverview to earn a $7,000 profit on the shirt product line.
What is the probability that all three suppliers will be disrupted using option 1?
You are in charge of a quarry that supplies sand and stone aggregates to your company's construction sites. Empty trucks from construction sites arrive at the quarry's huge piles of sand and stone aggregates and wait in line to enter the station, whi..
Determine the total costs of ordering and holding inventory for the year to see how much could they save by ordering the EOQ amount when they order paper once a week
What is Pareto's Principle (or the 80-20 Rule), and what does it have to do with control? Why do many managers act like control freaks? Why do many managers micromanage so much?
Describe the organizational culture of your selected company including any changes it has experienced.
The Army contract was for 7,500 devices that were produced by 40 workers in three weeks. What is the labor productivity for each contract?
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