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An energy company orders railcar loads of coal at a rate of 62,500 tons per year. Delivery lead time is variable, but has averaged 5 days. The annual cost to hold inventory is $200 per ton and each order that is placed with the supplier costs $2,500 per ton. Since the usage of coal and arrival of the railcar are both variable, the plant manager has set a safety stock level of 5,000 tons. a) What is the economic order quantity (in metric tons)? b) What is the total holding cost for the year? c) What is the total ordering cost for the year? The next order should be placed when coal inventory drops to how many tons? (Assume 365 days in one year for converting annual demand to daily demand)
What ethical violation did you find (2) Drawing explicitly from our discussion of ethics indicate two societal consequences of the misconduct you have investigated; and (3) Provide two specific things that must be done to prevent this from happin..
Explain the use of "Material Requirements Planning" concepts in manufacturing AND Service organizations. provide examples and the value of the application of the MRP/ERP concepts in both organization type structure.
What are the challenges that come with bringing about organizational change from the managerial perspective? How does a manager overall these challenges?
An instructor allows students to take an exam as many times as needed until the student obtains a passing grade. The following is a record of the number of students in a class of 20 who took the test and the number of tests taken in order to obtain a..
The forecasted demand for fudge for the next four months is 140,160,90 and 70 pounds. A) What is the recommended production rate if a level strategy is adopted with no back orders or stockouts
please cite industry examples for at least two of the six supply chain strategies introduced in class and a brief
how a minor change in demand at the retail level can significantly
The relevant authorities should ensure that people safety is not comprised irrespective of the challenges that might be experienced. A proper arrangement ought to have been done to avoid overcrowding, especially near construction sites to evade such ..
Elon Corporation manufacturers parts for an aircraft company. It uses a computerized numerical controlled (CNC) machining center to produce a specific part that has a design (nominal) target of 1.275 inches with tolerances of 0.024 inch. Compute the ..
TQM program uses several quantitative tools and measurements to ensure quality of the process. Evaluating processes and performances that uses system of quantitative rates, reports, annual reviews of attainments, etc.
after having reviewed the whistle-blower definition and statute would you agree that despite having the whistle-blower
A female customer on a video conference says the following: “I’m calling about this purse that I bought at your outlet store. I really liked it but I noticed that there was a stain on the bottom. It’s not on your website, but I was even looking at au..
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