Question: In a further attempt to liquidate its inventory Rapid Grower
In a further attempt to liquidate its inventory, Rapid Grower has offered Greens, the local nursery, an option to buy the entire year’s supply at one time. The cost per bag would be $12. Should Greens take advantage of this offer?
Answer to relevant QuestionsUsing the information in Problem 16, calculate the following:(a) The economic order quantity(b) The total annual costs using the EOQ ordering policy(c) The penalty costs Sam is incurring by using his current policyYour new company has decided to use a periodic review system. You have learned that average weekly demand is 48 units per week with a standard deviation of 8 units. You believe that your cycle-service level should be 94 ...Develop a chase aggregate plan using hires and fires to adjust the capacity for Draper. All demand must be met each period.(a) Show what would happen if this plan were implemented.(b) Calculate the costs associated with this ...Using the information given, fill in the partially completed inventory record shownhere.Henri has heard of the LPT (longest processing time) priority rule and wonders how that would change the sequence of the jobs listed in Problem 5.(a) Determine the sequence Henri should follow if he uses the LPT priority ...
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