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A Mercedes dealer must pay $20,000 for each car purchased. The annual holding cost is estimated to be 25%of the dollar value of inventory. The dealer sells an average of 500 cars per year. He believes that demand is backlogged but estimates that if he is short one car for one year he will lose $20,000 worth of future projets. Each time the dealer places an order for cars, ordering cost amounts to $10,000.Determine the Mercedes dealer's optimal ordering policy.What is the maximum shortage that will occur?
Come up with 3 businesses that do not need technology to compete, and then demonstrate how technology can help your suggestions be more successful. For example - a hot dog stand.
Discuss the anticipated impacts (both positive and negative) upon operating efficiencies, and recommend solutions to minimize the negative impacts.
What are the weakest parts of the business plan?
Discuss some (at least two) of the consumer protection laws that exist in the United States. What areas do the Department for Consumer Protection cover and discuss the pros and cons for the establishment of this agency.
What is the business process for Apple Inc? Can this process be improved to better meet customer needs? Analyze the process using the DMAIC (define, measure, analyze, improve, control) methodology.
What is the "relative" wage rate (in $) of operating Zooland, after taking productivity differences into account?
Over the past week, the plant has produced an average of 9 tons per day since the third shift has devoted much of their time to preventive maintenance. It is currently averaging a 75% utilization rate. What is the capacity of the plant?
Davis Instruments has two manufacturing plants in Atlanta, Georgia. Project demand varies considerably from month to month, causing Davis extreme difficulty in workforce scheduling. Recently Davis started hiring temporary workers supplied by WorkForc..
Suppose the first EKG test is positive. In order to make sure, a second EKG test is given to the person. What is the probability that this person has heart disease if the second EKG test is negative?
To minimize total cost, explain how many units should be ordered each time an order is placed. If the holding cost per unit was $6 instead of $5, illustrate what would the optimal order quantity be.
The primary objective of the project is to encourage students to explore, in modest depth, the operations function of a community business of your choosing in order to connect real-world activity with theory and principle.
Prices apply inclusively to all units bought. What is the optimum purchase order size that should be placed, and what is the total cost?
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