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Given the following data for a particular inventory item: Usage 500 units/week Ordering $40 per order Carrying Cost $.01 per unit per week Lead Time 3 weeks Price $.50 per unit a. What is the economic order quantity for this item? b. For the economic order quantity, what is the length of an order cycle? c. For the economic order quantity, what is the reorder point? d. For the economic order quantity, what is the average inventory level? e. For the economic order quantity, what are average weekly ordering costs? f. For the economic order quantity, what are average weekly carrying costs? g. For the economic order quantity, what are average weekly total costs, including the cost of the inventory item?
Why is it important for national health information management organizations to agree on how to standardize paper and electronic medical forms?
types of manufacturing systems and layout
A system consists of three identical components. In order for the system to perform as intended, all of the components must perform. Each has the same probability of performance. I
The following table shows a tool and die company's quarterly sales for the current year. What sales would you predict for the first quarter of next year? Quarter relatives are SR1=
1. (a) For the measurement data presented below, draw a frequency histogram using a class width of 0.1 mm; calculate the sample means and superimpose their frequency histogram; com
What is the Role of Information Systems in the Learning Organization?
Self-managed teams perform entire jobs, rather than specialized assembly-line work.
What is the relationship between mass customisation and rapid product development
Long term Capacity Reduction Capacity planning does not necessarily mean the expansion of the capacity. It may also mean reduction of the capacity which may be done in the fol
1) characterize the long run equilibrium of a perfectly competitive industry in which average costs are U-shaped as output increases, under both restricted and free entry. b)Discus
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