Austin (1977) conducted an extensive inventory analysis for the United States Air Force. He found that for
Question:
Austin (1977) conducted an extensive inventory analysis for the United States Air Force. He found that for over 250,000 items the annual holding cost was assumed to equal 32% of the item’s purchase price. He also found that when an order was placed for most items, a fixed cost of over $200 was incurred. The Air Force held one month of safety stock for each item. Given this limited information, discuss how the Air Force could improve its inventory policies.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 63% (19 reviews)
Air Force safety stock There is no reason to ...View the full answer
Answered By
Cyrus Sandoval
I a web and systems developer with a vast array of knowledge in many different front end and back end languages, responsive frameworks, databases, and best code practices. My objective is simply to be the best web developer that i can be and to contribute to the technology industry all that i know and i can do. My skills include:
- Front end languages: css, HTML, Javascript, XML
- Frameworks: Angular, Jquery, Bootstrap, Jasmine, Mocha
- Back End Languages: Java, Javascript, PHP,kotlin
- Databases: MySQL, PostegreSQL, Mongo, Cassandra
- Tools: Atom, Aptana, Eclipse, Android Studio, Notepad++, Netbeans.
Having a degree in Computer Science enabled me to deeply learn most of the things regarding programming, and i believe that my understanding of problem solving and complex algorithms are also skills that have and will continue to contribute to my overall success as a developer.
I’ve worked on countless freelance projects and have been involved with a handful of notable startups. Also while freelancing I was involved in doing other IT tasks requiring the use of computers from working with data, content creation and transcription.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Practical Management Science
ISBN: 978-1305250901
5th edition
Authors: Wayne L. Winston, Christian Albright
Question Posted:
Students also viewed these Business questions
-
FinCorp Inc. conducted an extensive analysis of the economy and concluded that the probability of a recession next year is 35 percent, the probability of a boom is 45 percent, and the probability of...
-
Starbucks presented the following in its 2008 annual report: (1)Other includes royalty and licensing revenues. *Starbucks Corporation.is the worlds leading roaster and retailer of specialty coffee....
-
Suppose that you were working as an equity analyst in 2005 and were assigned the task of valuing the proposed acquisition, which is described in the following press release: Houston, Texas (December...
-
Why would an organization use outplacement strategies before downsizing? Outplacing employees helps former employees develop new skill sets. Outplacement strategies are a means of eliminating problem...
-
How would you suggest that your department apply these priorities in planning its management training programs?
-
If a pension has a benefit obligation of \(\$ 400,000\), pension fund assets of \(\$ 250,000\), and unrecognized losses of \(\$ 175,000\), what will be the resulting recognized accrued asset or...
-
A confidence interval for a mean response and a prediction interval for an individual response are to be constructed from the same data. True or false: The number of degrees of freedom for the...
-
Rank the following securities from lowest (1) to highest (8) in terms of their riskiness for an investor. All securities (except the Treasury bond) are for a given firm. If you think two or more...
-
Reconsider the collision between two objects diagrammed below where two objects move on a frictionless surface. Before collision After collision Experiment 1 A, 1 B A B Draw complete and properly...
-
1. The project that Nationwide undertook was quite clearly a success. What made this possible? Discuss three different practices that helped Nation wide pull this off. Use examples from the case...
-
An extremely important concept in queueing models is the difference between rates and times. If represents a rate (customers per hour, say), then argue why 1/ is a time and vice versa.
-
Based on Brout (1981). Planners Peanuts sells 100 products. The company has been disappointed with the high level of inventory it keeps of each product and its low service level (percentage of demand...
-
Deductions for an owner of a rental apartment building who does not provide substantial services are reported on which of the following forms? a. Schedule C b. Schedule A c. Schedule E d. Schedule F
-
General Optic Corporation operates a manufacturing plant in Arizona. Due to a significant decline in demand for the product manufactured at the Arizona site, an impairment test is deemed appropriate....
-
! Required information [The following information applies to the questions displayed below.] In 2023, Maggy (34 years old) is an employee of YBU Corporation. YBU provides a 401(k) plan for all its...
-
1. List three (3) advantages and disadvantages of using the Scrum Agile Framework. Q2. List three (3) benefits and challenges of using the Scrum Agile Framework. Q3. List five (5) KPIs of Scrum Agile...
-
The following schedule of balances was extracted from the accounting records of STR Manufacturing limited as at 31st August 2021. Kshs Stock as at September 1st 2020 Raw Material 13,550 Work in...
-
Decide what career area you would like to use in your Professional Development Plan. Educational facilitator. List that career area, and then explain in detail why you chose this career area. Create...
-
Find the values of a, b, and c for which the quadratic equation ax 2 + bx + c = 0 has the given numbers as solutions. -3, 2
-
A circular concrete shaft liner with Youngs modulus of 3.4 million psi, Poissons ratio of 0.25, unconfined compressive strength 3,500 psi and tensile strength 350 psi is loaded to the verge of...
-
Discuss the types of trade-offs involved in PD costs, service levels, and sales.
-
Give an example of why it is important for different firms in the supply chain to coordinate logistics activities.
-
Discuss some of the ways computers are being used to improve PD decisions.
-
Discuss the following: How you are an ethical person, and how your ethics informs your leadership in the early childhood field? How your ethics have guided you in the past in the field, or how you...
-
https://youtu.be/-D2pIBKeHd4 1) List 4 characteristics of a good leader. Please give a specific example for each. 2) What stood out about Mr. Behar's comments and explain why. 3) Give an example of a...
-
1. The PREA survey focuses on three areas: financial performance, productivity and management practices. This survey seems to focus on improving operations from a management perspective. If you could...
Study smarter with the SolutionInn App