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The catering manager of LaVista Hotel, Lisa Ferguson, is disturbed by the amount of silverware she is losing every week. Last Friday night, when her crew tried to set up for a banquet for 500 people, they did not have enough knives. She decides she needs to order some more silverware, but wants to take advantage of any quantity discounts her vendor will offer. >For a small order (2,000 pieces or less) her vendor quotes a price of $1.80/piece. >If she orders 2,001 to 5,000 pieces, the price drops to $1.60/piece. >5,001 to 10,000 pieces brings the price to $1.40/piece, and >10,001 and above reduces the price to $1.25/piece. Lisa's order costs of $195 per order, her annual holding costs are 5%, and the annual demand is 40,400 pieces. For the best option, (the best option is the price leve that results in an EOQ within the acceptable range). A) What is the optimum ordering quantity? B) What is the annual holding cost? C) What is the annual ordering cost? D) What is the annual cost of the silverware with an optimal order quantity? E) What is the total annual cost, including ordering, holding, and purchasing the silverware?
Issues that could affect a competitive supply chain strategy?
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Determine how you as project leader would handle having four team members with four different, distinct temperaments. In the current business world, team projects are common place.
choose a product you would create and decide whether you would take a slow or fast approach internationalizing your firm.
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JokersRWild makes playing cards in several diferent syles, but a "standard" deck of cards is used for planning purposes. The average worker at JokersRWild can make 10,000 sets of decks of cards per month at a cost of $1.00 per deck during regular ..
When delegating work, what is the relationship between responsibility, authority, and accountability?
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Joe, the owner manager of Joe's Barbeque, has recently become acquainted with the concept of Value of a Loyal Customer (VLC). He had always rather intuitively thought that his "regulars" were the ones that were most valuable to his business.
It's normal for an airline to overbook a flight by 20% or so, but Amtrak will overbook its longdistance trains only by 5% to 10%, even though they have even more noshows than the airlines do. What reasons would Amtrak have for overbooking so littl..
What are the considerations an individual will have to make in achieving balance between their personal fulfillment goals and their entrepreneurial demands?
Determine the most effective way that project metrics and portfolio management can facilitate Information management / Information Technology . Provide specific examples to support your respon
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