A company examines its inventory policy and considers using an economic order quantity (EOQ) approach. They have the following information about their bestselling model of televisions:
Annual demand - 4000 sets
Current order quantity - 80 sets
Carrying cost - $80.00/set/year
Order cost - $200
Lead time - 6 days
Operating days per year - 300 days
a. What is the current total annual cost (TC) at the current order quantity?
b. What is the economic order quantity (EOQ)?
c. What is the total annual cost at the economic order quantity (EOQ)?
d. What is the reorder point at the economic order quantity (EOQ)?
e. How much money will be saved by ordering the EOQ?
In: Operations Management
You learned that one of your smaller, nonstrategic, suppliers directly emailed your salespeople (without your knowledge) with details of an incentive plan that would provide your salespeople with bonuses, paid directly by the supplier, if they met certain sales levels of their product over the next quarter.
In: Operations Management
Choose a company with a distinctive color. (Krispy Kreme) Discuss the importance of color with that company’s advertising or packaging as it relates to the different meanings and cultures and segment markets.
In: Operations Management
The Federal Trade Commission (FTC) ordered Warner-Lambert to cease and desist from advertising that its product, Listerine antiseptic mouthwash, prevents, cures, or alleviates the common cold and sore throats. The order further required Warner-Lambert to disclose in future advertisements that “[c]ontrary to prior advertising, Listerine will not help prevent colds or sore throats or lessen their severity.” Warner-Lambert contended that even if its past advertising claims were false, the corrective advertising portion of the order exceeded the FTC’s statutory powers. The FTC claimed that corrective advertising was necessary in light of Warner-Lambert’s one hundred years of false claims and the resulting persistence of erroneous consumer beliefs. Explain whether the FTC is correct.
In: Operations Management
The reference desk of a university library receives requests for assistance. Assume that a Poisson probability distribution with an arrival rate of 9 requests per hour can be used to describe the arrival pattern and that service times follow an exponential probability distribution with a service rate of 11 requests per hour.
In: Operations Management
The Hangover Part II has been a hotbed of intellectual property issues. Warner Brothers recently settled a lawsuit brought by the tattoo artist who did Mike Tyson’s facial tattoo that was then replicated on a character in the movie. Please read Problem 4 on page 549 of the book (Chapter 15) and answer the following questions:
What is the issue in the use of trademarked products in artistic works?
Why is Louis Vuitton so concerned about the use of its products in a film such as the Hangover Part II?
thanks I have received above answer I need
but I need good conclusion
In: Operations Management
Discuss trends impacting marketing and the implications of these trends on how marketers deliver value to customers.
In: Operations Management
Business Entities
The Exxon Valdez was owned by the former Exxon Shipping Company. Discuss the options available to Exxon as to formation of a separate company and discuss the advantages and disadvantages of a wholly owned subsidiary compared to a division within the company. Make sure to support your statements with specific examples that are supported by a citation. Support your discussion with at least 3 Internet citations in APA style.
In: Operations Management
Paraphrase the following. please try not to make it short. needs urgently.. thanks in advance. i just want to avoid plagiarism.
Significant research has been completed regarding the importance of effective preparation of principals as school leaders and fundamental changes in the school environment.
In: Operations Management
Employment Law- In your own words, Why is it important to classify workers correctly as either employees or independent contractors? -100 words or more, please.
In: Operations Management
The LiveStrong Foundation, founded by Lance Armstrong, is a not for profit corporation. Discuss the advantages of a not for profit corporation in general compared to a "for profit" Corporation. In addition, discuss the differences between a Limited Liability Company and a "for profit" corporation. 2 Internet citation in APA style.
In: Operations Management
explain how the Global Culture Report mirrors or equates what we know about an inclusive environment. Make your points giving examples
In: Operations Management
Discussion Board – Capital Expenditure Decisions
Mergers and acquisitions are capital budgeting techniques. This technique is a managerial expansion decision to increase assets drawing a cash benefit. Research a most recent merger or acquisition and discuss the firm (merger – stable firm / acquisition – purchasing firm) expected cash benefit. Pretend you are the owner; would you make the same decision? Why or Why Not?
need 300 words
In: Operations Management
In: Operations Management
The Taft-Hartley Act outlawed the "closed shop," a term describing an employer who agrees to hire only those employees who are already union members. The purpose of the Taft-Hartley Act was to balance the rights and duties of both unions and employers. Explain to a 12-year-old what the terms "closed shop" and "yellow-dog contracts" mean. Give an example
In: Operations Management