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A manager receives a forecast for next year. Demand is projected to be 600 units for the first half of the year and 900 units for the second half. The monthly holding cost is $ 2 per unit, and it costs an estimated $ 55 to process an order.a. Assuming that monthly demand will be level during each of the six- month periods covered by the forecast (e. g., 100 per month for each of the first six months), determine an order size that will minimize the sum of ordering and carrying costs for each of the six month periods.b. Why is it important to be able to assume that demand will be level during each six month period?c. If the vendor is willing to offer a discount of $ 10 per order for ordering in multiples of 50 units (e. g., 50, 100, 150), would you advise the manager to take advantage of the offer in either period? If so, what order size would you recommend?
Prior knowledge of informal organizational values, norms, and processes is an advantage in using a (n) _____.
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What are three of the primary obstacles encountered by the management team in adopting and installing a new information technology system?
Develop a CPM/PERT network for Moore House Contractors and determine the probability that the contractors can complete a house within 45 days. Does it appear that the Moores might need to increase their bid to compensate for potential penalties?
Assume you are marketing manager for target or another brand. How would you apply the four functions of the marketing managermemnt process in your role? In you answer, identify how a marketing manager might realize when it is time to focus on one ..
Is it better to minimize the cost of the inventory with a method like EOQ or to order only to meet demand? Why?
Explain two methods for allocating costs. Justify why you selected them and how you would make the most use of them in cost analysis.
I have done a Pareto's Chart on hotel amenities. The order in which the amenities is showing that the internet has the highest percentage, with the 80/20 rule. I have also completed the fishbone or cause and effect diagram. My question is how I creat..
It is possible for a project manager to minimize risk and the negative impact of risk on projects. Discuss some of the steps a project manager can take to reduce the impact of risks on projects.
Analyze the information from the perspective of the quality life cycle and Figure 11.1. Determine when St. Luke’s made the transition from one stage to the next and submit your response.
Given the current state of the workforce, do you think antidiscrimination legislation is still needed to ensure protected groups are represented? Why or why not. Please provide at least two specific reasons to support your opinion.
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