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Rocky Mountain Tire Center sells 5,000 go-cart tires per year. The ordering cost for each order is $40, and the holding cost is 50% of the purchace price of the tires per year. The purchase price is $18 per tire if fewer than 200 tires are ordered, $16 per tire is 200 or more - but fewer than 5000 - tires are orderd and $14 per tire if 5,000 or more tires are ordered.
a. How many tires should Rocky Mountains tire order each time it time it places an order?
b. What is the total cost of this policy?
Does it matter whether we are talking about a strike fund held by a steel workers' union to pay benefits to its members during a strike, versus a fund used by a not-for-profit as a safety reserve in case its workers go on strike?
Storing this paper requires a specialized facility and holding costs are 32%. Assume a lead time of 1 week and that re are 250 working days in a year. Illustrate what order quantity minimizes my total inventory costs.
Using your own words, define strategy. What is the strategy of the organization you currently work for, or one that you worked for in the past?
Illustrate what do you think is MOST important reason, explain why supply chain management is important to Regal and firms like it. Explain why.
f the flight is overbooked, the airline has a policy of getting the consumer on the next available flight also giving the person a free round-trip ticket on a future flight. The cost of this free round-trip ticket averages $263.
A single pigeon has a 0.7 probability of arriving at the proper destination in a timely fashion. How many pigeons, each carrying an identical set of orders, must Grant send in order for him to have 98% confidence (reliability) that the orders reach G..
how do managers at some technology companies that invest resources in recruiting and training potentially vulnerable to having their employees poached?
A metropolitan school system consists of three districts-north, south, and central. The north district contains 25% of all students, the south district contains 4O%, and the central district contains 35%.
How many defectives do you need to find (or more) in a sample of 20 so that you will shut down the line. You want to be 95% sure that there is a real problem beyond random noise before you shut down the line.
Explain the difference between rationalist and incrementalist strategy. Who are the main protagonists of the theories? How have the debates regarding these theories.
Demand for cords of wood can be modeled by using a Normal Distribution with a Mean of 2560 units and a Standard Deviation of 60 units. What is the Probability that you will make money using this machine?
What is the role of a CIO in today's global business environment? Dr. Carr presents a good argument in the "IT doesn't matter" reading. Present your view of Carr's central arguments that investments in IT.
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