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A retail outlet has its own production facility for producing denim cloth. The ordering cost ($150) is the cost of setting up the production process to make the denim cloth. The carrying cost is $0.75 per yard and the demand is 10,000 yards per year. The production facility operates the same days as the retail store is open (i.e. 311 days) and produces 150 yards of the denim cloth per day. Determine:
a) The optimal order size
b) The total inventory cost
c) The length of time to receive an order
d) The number of orders per year
e) The maximum inventory level
Case Study 5-2: The Interfering Administrative Assistant Decision-Making Scenario 1. Relying on the concepts presented in chapters 10 and 11, identify the theories and concepts of
1. What different kinds of management challenges these four CEOs faced as they took control of managing their different companies?
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Assess the strategy of Wal-Mart in China where the company has recognized unions in all 62 stores, to its strategy in the U.S., which is to combat any type of union representation.
implantation of operation strategy
Formulate, but do not solve, the Linear Programming model which minimizes total shipping costs for the question below. Note: Skateboards can only be shipped in whole units (not i
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Garden Variety Flower Shop uses 740 clay pots a month. The pots are purchased at $2 each. Annual carrying costs per pot are estimated to be 30 percent of cost, and ordering costs a
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