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A product has a demand of 4000 units per year. Ordering cost is $20, and holding cost is $4 per unit per year. What is the approximate economic order quantity? What is the total inventory cost?
Section B: This section carries 10 points
Describe the reasons to carry inventory?
1. Which of the following would be the result of subdividing a project? 2. At the onset, a project originates as which of the following?
Two alternatives are being considered for a customer's order whose anticipated volume is not yet know. If the firm produces in-house, the fixed cost is $340,000 and variable cost is $2.90 per unit. If the firm chooses to outsource, it will incur a fi..
Identification of changes which need to be made also a reason for change. Identification also description of human implications, potential resistance factors,
Make sure plots and data are clearly labeled. Provide a Summary and interpretation of the plot results. Load the deere2 data set that is included in the TSA package. (The commands are library('TSA') and then data(deere2). This loads a variable called..
martin rupe worked as the manager of one of jas retail outlets. a customer came in and offered to buy all remaining
how is process performance measurement conducted and managed within the organization. Give a specific example using one or more of the process measurement approaches.
In operations management, as in life, a balanced approach is often best policy. One of best examples of benefits of this in operations management is lean approach. Explain basic factors that must be in place in order to achieve a balanced lean sys..
Explain the relationship of strategic objectives information to PMO outpuits. Explain how executives might be operating today without this information
The economic price for the customer is indicated in the exhibit. However, the price must match the costs for the customer. What are the perceived benefits and costs? How can the business improve the perceived value of its product?
Why do you think it is significant that change manager’s play and active role in the initiation, support, and outcomes of organizational change?
It normally relies on departmental forecast and preregistration records to determine how many copies of a text are needed. Preregistration show 90 operations management students enrolled
Using the Week 1 Addendum, identify their resources, capabilities, and core competencies.Write one finding of fact, with a fully justified recommendation/justification. Comment on classmates' and instructor's postings.
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