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how is the effectiveness of powers of 2 order interval related to the result of the previous problem regarding the effect of the demand forecasting error
Consider the above bolt example yet again assuming the demand 60 per week is correct. what is the least cost reorder interval under this restriction.
Reconsider the above problem suppose although we have estimated the demand as 60per week it turns out that it is actually 120 per week. what would the cost be if we used the optimum lot size.
The bolts cost the plant 2 cents each. it determine the optimal number of bolts for the plant to purchase and the time between the placement orders
Use the news vendor model to compute a purchase quantity of motherboards that balances the cost of lost sales and the cost of excess material.
Draw an E-R diagram for the following situation (state any assumptions you believe you have to make in order to develop a complete diagram).
Hazel is the operations manager of her business. What inventory items does Hazel probably have? Name one inventory decision she has to make periodically.
Presumably, information about the new line has been shared with supply chain partners. Explain what information should be shared with various partners and why sharing that information is important?
What can a manager learn from the characteristics and activities of this particular team? How might the factors that contribute to this team's success be adopted in a business setting?
Find the schedule and cost variances for a project that has an actual cost at month 22 of $540,000, a schedule cost of $523,000 and an earned value of $535,000.
sears assigned a training program to improve tools and hardware sales. what is the return on investment (roi) from this program?
A factory produces four products A,B,C and D which earn $20, $25, $12, and $30 per unit respectively.The company wishes to maximize contribution. Formulate the LP problem in the standard manner
Develop a plan that addresses the following problems: The copiers that need to be rehabilitated arrive at irregular intervals and in varying quantities from distributors throughout the country.
The production facility operates strictly eight hours per day. 5 people work daily in the plant. What is the change in productivity of non-defective units for Aztec using the new assembly process?
It requires 120 minutes to produce high speed microchips. How many hours were saved under a 90% unit improvement factor while producing the first 55 chips?
Which of the following strategies would be the most likely course to help to reduce the TCO of the merged firms' technology investments?
what percentage increase in cost was caused by100 percent demand forecasting error?what dose this tell you about the sensitivity EOQ model to errors in the data?
Determine the optimal number of bolts for the plant to purchase and the time between the placement orders. what Is the yearly holding and setup cost.
Construct simple and low-level-coded bills of materials (product structure tree) and intended and summarized part list.
if Jill is willing to increase the number of replenishment orders per year to six how do Q and r change? explain difference in r.
Given the following information, determine the sample size needed if the standard time estimate is to be within 5 percent of the true mean 99 percent of the time.
A dairy product is ordered daily at a particular supermarket. What is the probability that the supermarket will sell all the units it orders?
The tourist center is open on weekends (Friday, Saturday, and Sunday). Use a naïve trend approach to predict sales transactions for the following week.
You ask the CEO for the results of the needs assessment indicating that this training is needed. You are informed that no needs assessment was performed. How would you respond to this?