Business, 24.09.2020 15:01 eternity88091
Mitch and Terese are partners at a management consulting firm. They are trying to determine which of them has a comparative advantage in creating the 50 slides required for a sales pitch to a prospective client. Mitch can create 10 slides per hour. For other activities, he can bill clients $500 per hour. Mitch's opportunity cost of creating slides isper slide. Jamal's opportunity cost of creating slides is 30% lower than Bette's. However, as the senior partner, his billing rate is 25% higher. Based on all of these facts, has a comparative advantage in creating slides.
Answers: 1
Business, 22.06.2019 12:30, bcarri4073
M. cotteleer electronics supplies microcomputer circuitry to a company that incorporates microprocessors into refrigerators and other home appliances. one of the components has an annual demand of 235 units, and this is constant throughout the year. carrying cost is estimated to be $1.25 per unit per year, and the ordering (setup) cost is $21 per order. a) to minimize cost, how many units should be ordered each time an order is placed? b) how many orders per year are needed with the optimal policy? c) what is the average inventory if costs are minimized? d) suppose that the ordering cost is not $21, and cotteleer has been ordering 125 units each time an order is placed. for this order policy (of q = 125) to be optimal, determine what the ordering cost would have to be.
Answers: 1
Business, 22.06.2019 18:10, zaratayyibah
Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?
Answers: 1
Mitch and Terese are partners at a management consulting firm. They are trying to determine which of...
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