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A jewelry firm buys semiprecious stones to make bracelets and rings. The supplier quotes a price of $8 per stone for quantities of 600 stones or more, $9 per stone for orders of 400 to 599 stones, and $10 per stone for lesser quantities. The jewelry firm operates 200 days per year. Usage rate is 25 stones per day, and ordering costs are $48. If annual carrying costs are 30 percent of unit cost, what is the optimal order size?
on Toyota's Production System (ie. Benefits, Advantages/Disadvantages, History, Effects on today's manufacturing) and was just wondering if I could get like 5 key points
Jocelyn has little interest in sales or management but would like to invest a large sum of money that she has inherited from her aunt. What factors should Jorge, Marta, and Jocelyn consider in deciding which form of business organization to adopt.
Developing Risk Mitigation Strategies. Develop a preliminary risk mitigation strategy for each of risk factors identified in Problem. If you were to prioritize your efforts which risk factors would you address first.
Calculate the present value of the cash flow stream in problem 2 with the following interest rates.
An office supplier produces desks and chairs. Each desk requires 4 units of wood, and each chair needs 3 units of wood. A desk contributes $40 to profit
Recognize a problem in your organization, or a challenge from your simulation experience, and apply the four stages of Martin's decision-making model to it.
Describe how organizing affects personal AND organizational effectiveness, including recommendations for improvement.
A recently negotiated union contract allows workers in a shipping department 21 minutes for rest, 12 minutes for personal time, and 15 minutes for delays for each four hours worked.
From this sample, an average of 10 students failed the course. What are the 2 sigma upper and lower control limits for the chart?
In this assignment, you will need to think about the design, manufacture, and assembly of your laptop or desktop computer.
Let's say your market research firm is hired to assist retail store that is interested in revamping their overall store format in an effort to keep people in their store longer.
Distinguish between pure and mixed strategies in production planning. Provide examples of each strategy.
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