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assume the banking system containstotal reserves 80
we discussed why economists prefer to use available statistics and econometric techniques over other means of measuring consumer demand write a short
assume you go to the market to buy apples x1 and oranges x2 and discover that the price of apples is 1 euro per unit and the price of oranges is 1
assume that john has the following preference relation over two goods bread and bear x1 x2 he strictly prefers any bundle x over y whenever x haves
elimination of waste - stock managementhere is a definition of the elimination of wasteanything other than the minimum amount of equipment material
just in time scheduling - jitjit techniques are being widely adopted by operations managers in manufacturing companies in the west jit ideas have
allocated stock and safety stock allocated stock a category of stock which ensures that current stock is set aside and not issued under the
mrp systems - basic inputs it has been estimated that in the usa where mrp was originated and developed by oliver wight and george plossl 1985
formal and informal systems - mrp systemmost production systems are full of pushes and pulls the formal system issues orders ie pushes the
service levels in supply chain managementconsider that a finished product is made up of five inventoried component parts if the service level were 90
eoq formula the eoq equation assumes demand is constant and steady it also assumes that demand for different items is independent this is
reorder point techniquessystems based on reorder points assume that demand is uniform and predictable and that there is no true identifiable time of
concept of stock replenishment this concept assumes that stock is always available whether there is demand or not consider the demand for
simple inventory model firstly the product level initiates a demand which generates a demand at the component level and then in turn at the raw
traditional inventory control based on the calculation of eoq at this point it is worth considering some of the problems faced by companies using
under specified assumptions derive the square-root formula of the baumol-tobins inventory model of transactions demand for money and briefly describe
the economy however is facing inflationary pressures to deal with the macroeconomic problem the government uses expansionary fiscal policy to
strategic importance of supply chain managementthis describes the scope of supply chain management scm including the management of procurement
consider a hypothetical abc economy in which the narrowly-defined measure of the money supply m1 as defined in the canadian sense in existence is
a the four-firm concentration ratios for the following industries have been found from the economic census for manufacturing naics 31-33 as follows
a firm in monopolistic competition maximizes its profit by producing where its price is equal to its marginal cost is this statement correct or
what is the difference between decreasing marginal returns and negative marginal
in us there is a culture of greeting people of the same sex its not common that people give attention to the people of the opposite sex however in
manners of reaching to someones place with a present of anything like flowers chocolates etc in us its not feel good to give flowers to women by men
business meeting etiquette before meetings the correct way to arrange a meeting is to take an appointment 3 to 4 weeks before even though it is known