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Jack owns a local trucking company. With fuel costs being expensive, Jack wants to evaluate how much fuel, on average, he should store in his 8,000 gallon fuel tank. Each year Jack uses 80,000 gallons of diesel (usage is spread evenly throughout the year). Jack knows with certainly that he can have a load of fuel delivered in 5 days. The price of fuel is $3.25 per gallon and there is a separate $100 ordering fee per order. Jack thinks his holding cost per unit is 20%. If Jack orders at EOQ, what will be the average inventory of fuel in his 8,000 gallon tank?
Enron hid debt in secret accounts. Johnson and Johnson removed all Tylenol from shelves when the integrity of the product was questioned. What business concept discussed in this course does this relate to?
What is a consequence of replacing manual harvesting by mechanical harvesting?explain
Incline electronics produces three different products in a plant that is open 40 hours per week. Each product requires the following processing times.
How is the job of a project manager different from the job of an operational manager? Why should these two jobs be kept separate or together? Explain your position
Marketing Metrics. Student understands the purpose of Return on Marketing Investment for the company, and can identify at least three metrics that should be used in a product or service offering to measure the effectiveness of marketing strategies.
Based on the following descriptions, what method of administration would be best: personal interview, telephone, mail, or Internet? You want to conduct a survey with high structure using an interviewer. You want respondents to take a self-guided surv..
A bank has one drive-up teller. The teller can serve at the rate of 11.5 bank customer in an hour. Customers arrive at the drive-up window on an average every 7.5 minutes. The bank is currently analyzing the possibility of adding a second drive-up wi..
You have the opportunity to expand your business to China. What are the advantages and disadvantages of the expansion? Please note the cultural, political, legal, and economic environments in your response.
Develop a production schedule to produce the exact production requirements by varying the workforce size for the following problem.
To what extent should the NLRB get involved in determining bargaining units? Should the vote be in the unit preferred by the employees? What do you think explains the relatively poor recent record for unions attempting to organize large bargaining un..
Explain in detail how the identified issues have impacted the business; Make recommendations to Tom on how to improve the management of his small business.
Bell computers purchases integrated chips at 350 per chip. the holding cost is $36 per unit per year. the ordering cost is $119 per order, sales are steady at 400 per month. What is the optimal order quantity and the minimum annual cost fpr Bell comp..
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