PROBLEMS 1. Lead time for one of Montegut Manufacturing’s fastest moving products is 4 days. Demand during this period averages 100 units per day. What would be an appropriate re-order point? Re-order point = demand during lead time = 100 units/day * 4 days = 400 units. 2. Montegut Manufacturing produces a product for which the annual demand is 10‚000 units. Production averages 100 per day‚ while demand is 40 per day. Holding costs are $1.00 per unit per year; set-up costs $200.00
Free Economic order quantity Operations research Inventory
Internship Report On “HRM Practices in PRAN-RFL GROUP” Prepared for Md. Rakibul Haque Assistant Professor Department of Business Administration Dhaka International University. Prepared By Abu Mohammad Motasim Reza Roll: 38 EMBA program 29th Batch (4th Semester) Department of Business Administration Dhaka International University. Dhaka International University. Letter of Transmittal 10th October 2012 Md. Rakibul Haque Assistant Professor
Premium Entrepreneurship Food Supply and demand
exceeds annual ordering cost. | | | Annual ordering cost is equal to annual holding cost. | | | The sum of annual ordering cost plus annual holding cost is maximized. | | | The annual holding cost curve is decreasing. | 5 points Question 4 1. ------------------------------------------------- ------------------------------------------------- The basic Economic Order Quantity (EOQ) model can be considered a special case of the Economic Production Quantity (EPQ) model under which of
Premium Periodic table
Unit 3 GAME THEORY Lesson 27 Learning Objective: • • To learn to apply dominance in game theory. Generate solutions in functional areas of business and management. Hello students‚ In our last lecture you learned to solve zero sum games having mixed strategies. But... Did you observe one thing that it was applicable to only 2 x 2 payoff matrices? So let us implement it to other matrices using dominance and study the importance of DOMINANCE In a game‚ sometimes a strategy
Premium Game theory Nash equilibrium
Piaget developed four universal stages of development. The first stage‚ the sensorimotor stage‚ occurs around 0-2 years. The second stage is the pre-operational stage‚ and lasts from approximately 2-7 years. The next stage is the concrete operations stage‚ which lasts from around 7-11 years. The final stage‚ formal operational thought‚ occurs around age 12 and lasts into adulthood (Mooney‚ 2013). In researching Piaget’s stage theory‚ and the corresponding characteristics‚ kindergarten children
Premium
competitive role of information in services. Explain the concept of the virtual value chain and its role in service innovation. Identify potential limits in the use of information as a competitive strategy. Categorize a service firm according to its stage of 3-2 competitiveness. Strategic Service Vision Target Market Segments What are common characteristics of important market segments? What dimensions can be used to segment the market‚ demographic‚ psychographic? How important are various segments
Premium Bank Commercial bank Service system
Phillip Singleton ED/PS 208 Human Growth and Development Project Piaget’s Stages My first subject was my 5 year old son‚ the pre-operations stage child. He was asked how does a clock work? The initial response was the big hand and the little hand move and they point at the numbers. It appears that his thinking about the workings of the clock were solely based on the parts of the clock that the eye could see. I asked him‚ what about inside the clock? What makes the hands move? His clarification
Premium Answer Question Mind
Implementation The implementation stage of any project is a true display of the defining moments that make a project a success or a failure. The implementation stage is defined as "the system or system modifications being installed and made operational in a production environment. The phase is initiated after the system has been tested and accepted by the user. This phase continues until the system is operating in production in accordance with the defined user requirements" (DOJ‚ 1). While all of
Premium Software testing Business Time
the four stages of cognitive development. Erikson divided psychosocial development into eight stages‚ describing how the people and the environment affects how we gain our personality. Kohlberg’s theory of moral development was to understand the reasoning to why we make the decisions we do. Below are how my finding relate to these various developmental psychological theories. Piaget’s four stages of cognitive development start with the sensorimotor stage. This stage is from
Premium Developmental psychology Psychology Jean Piaget
publicity and sales promotion for tourism development in Bangladesh’‚ Social Science Review”‚ Vol [3] Kara‚ A.‚ Kaynak‚ E. (1997)‚ "Markets of a single customer: exploiting conceptual developments in market segmentation"‚ European Journal of Marketing‚ Vol [4] Kotler‚ P. (2003)‚ ‘Marketing Management’‚ 11th ed.‚ Prentice-Hall‚ Upper Saddle River‚ NJ. [5] Kotler P (1991)‚ ‘Marketing Management’ 7th ed‚ Englewood Cliffs‚ New Jersey: Prentice- Hall. [6] Kotler‚ P. (2000)‚ ‘Marketing Management’‚ 11th ed.‚ Pearson
Premium Marketing