Answer:
(Q, R) = (1555, 1400)
shortage imputed = $0.388
Explanation:
Lot size-reorder point system is one of the multi period models. This system is denoted by decision variables (Q, R). This multi period model is implemented when there is uncertain demand in inventory control.
nevertheless, in the simple EOQ model, demand is known and fixed. But when the demand is random, these lot size-reorder point (Q, R) systems allow random demand.
There are two decision variables in a (Q, R) system:
Order quantity, Q and
Reorder point, R
Additional steps are attached as files
Answer:
a. 575 units
b. 107.83 orders
c. 3.38 days
Explanation:
a. The computation of the economic order quantity is shown below:
= 
where,
Annual demand = 62,000 disk
Ordering cost = $16
Carrying cost = $0.25 × 24% = $6
Now put these values to the above formula
So, the value would equal to
= 
= 575 units
b. The number of orders would be equal to
= Annual demand ÷ economic order quantity
= 62,000 ÷ 575 units
= 107.83 orders
c. The frequently order would be
= Total number of days in a year ÷ number of orders in a year
= 365 days ÷ 107.83 orders
= 3.38 days
1,2,3,6
this is what i would choose of course
not sure how to explain it though
Answer:
C. Automation
Explanation:
The situation explained in the question perfectly explains Automation. New technologies and advancements lead to more efficient and advanced procedures and processes, particularly when such procedures and processes require very little human interaction or assistance. Now if we talk about the manufacturing industry, procedures like CAD (computerized aided design), CAM (computer aided manufacturing) and EDI (electronic data interchange) have pretty much eased and transformed the manufacturing procedures and environments.
Job exportation mostly relates to employment in international corporations usually located in growing and developed countries.
Outsourcing is the contracting out of certain aspects of business to third party specialist organizations who mostly specialize in that particular work domain.
Offshoring is the transfer and reallocation of SBU (strategic business units) from one country to another.
Answer:
Relationships; Competition.
Explanation:
In today's business environment, firms that truly focus on customers must instill a corporate culture that places customers and other stakeholders at the top of the organizational hierarchy. when this occurs, the firm shifts its focus from transactions to <u>relationships</u>, and from <u>competitions</u> to collaboration.
Customer are considered to be king in the current open market condition, where seller are trying every bit to attract more and more customer. When a firm possesses capabilities that allow it to serve customers' needs better than the competition, the firm is said to have competitive advantage, however, this lead to shift of focus from transaction to relation building with customer to gain profit in long run and it does not focus only on competition but look for collaboration with customer to gain competitive advantage for future.
