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Explain about the Economic Order Quantity and Total Cost with diagram.
Economic Order Quantity and Total Cost: The total of Inventory procurement cost and also inventory carrying cost is total cost.
In the above given figure, the procurement cost and inventory carrying cost have been plotted along regarding quantity in lot. There total cost is computed by addition the procurement cost and carrying cost. Total cost is less at the point A and therefore B shows the Economic Order Quantity (EOQ).
S Company has been awarded the contract for the refurbishment of a local hotel. The overall timescale for the project has been agreed at 30 weeks (a high fast completion for this s
#question:QUESTIONNAIRE ON CUSTOMER ATTITUDE TOWARDS TELECOM SERVICES..
According to Schein (2004),culture is essentially an established pattern of behavior built on shared basic assumptions generated by tackling crucial external adaptions and internal
Contract Management There are many things involved in a project risk policy. One of them is contract management. Various kinds of contract can have an impact on the success of
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Goal A goal is a statement of where the organization wants to be at a specified time in the future. The purpose of goals is to provide direction to the organization. The steps
Reduction in Costs : An efficient quality control system reduces the cost of production of the product due to reduction in wastage of raw materials, semi finished and finished good
Determine elapsed time of critical path when The critical path is given by points BCFG and the elapsed time 17 weeks. There D can over running by up to 3 weeks without
Risk Management in the TQM Framework Total Quality Management (TQM) is one of the widely used project management technique or approach. TQM mainly concentrates on process m
In response to changing customer demands and strong competition, the new product development team of Z Company has been working on a new product range. However, the process has not
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