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The Bookstore orders Panther t-shirts from a supplier. The demand for these t-shirts is 7,396 per year. There is a $20 charge for placing an order and the cost per t-shirt to hold it in inventory for the year is $2.50. a) What is the economic order quantity? For part b) assume the cost of the t-shirts are based on the quantity ordered at one time. If less than 100 are ordered the unit price is $4.32; if 101-999 are ordered the unit price is $4.25; if 1000 to 1249 are ordered the unit price is $4.18; and if 1250 or more are ordered the unit price is $4.11. b) What order quantity will result in the lowest total annual cost for the Bookstore?
Consider the last two major purchases you made, and list the techniques that may have swayed your choices. Why do you think these techniques impacted your decision
If the marginal cost of letting another vehicle across a bridge or travel through a tunnel is nearly zero, how should the MTA set tolls in order to maximize profit? In order to maximize toll revenue? How are these two objectives related?
Perform an analysis of the social / demographic, technological, economic, environmental / geographic, and political/legal / governmental segments to understand the general environment facing Union Pacific.
Google is developing a self-driving car that will be in the marketplace in the near future. Identify a potential market segment and describe the value proposition that would meet the needs of this target customer group. What need is being fulfilled? ..
a company produces two products that are processed on two assembly lines. assembly line 1 has 100 available hours and assembly line 2 has 42 available hours.
Training increases revenue. The revenue could come from increased quality of the customer experience due to the impact of training. The numbers are percentages of customers in each satisfaction category six months before and six months after employee..
Describe an area of improvement for your company or industry of choice. Find two benchmarks for your improvement area.
The newly formed Butzier Company manufactures finger toothbrushes for canines. The manufacturing process requires materials and labor. Consider production as if you were making the product from beginning to end, and not as if using a kit. Describe..
Conduct an Internet and literature search on the topic of the expected-value decision rule. Discuss your findings. In your discussion, review how the expected-value decision rule played a part in a recent decision you made.
You are a vice-president of operations for a fortune 500 company and have six area managers reporting g to you. Using Rokeach's value classification system, identify and explain the key values your managers are most likely to perceive as the most imp..
Identify and discuss 5 end users of health data. Be sure to discuss what type of data they might be interested in knowing.
Assuming you got a job as a Forecasting Manager with a brand new firm that has no historical data. In a high level meeting it was decided that you will develop a Weekly Exponential Smoothing Forecasting model that would go back at least
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