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ERP help....

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Question;AnswerAll.Showdetail work;for;fullcredit.;0.5for;increase;0.3for;equal;20%;decrease;Option;1;$1,500;$300;$-800;Option;2;900;600;-200;Option;3;500;500;500;1. Consideracasewherethe management is;facing with 3options;to;choosefrom.;Thepayoffs and probabilityassociated;witheachof thescenariois;also;estimated and;provided.Based;on;the informationtabulated;below,calculatethe;EVwPI(expectedvaluewithperfectinformation)and;recommendwhat shouldbethemaximumamountthatthemanagement shouldpayfor;the;perfect informationthat;can;helpthem to makethe bestdecision.;2. A dietitianwants todesignabreakfastmenuforcertain;hospitalpatients.Themenuistoincludetwo items;Aand B.;SupposethateachounceofAprovides2unitsofvitaminCand2units of;ironandeach ounceofBprovides 1unitofvitaminCand2unitsof iron.;SupposethecostofAis 4?/ounceandthe costofBis;3?/ounce.Ifthe;breakfastmenumustprovideatleast8unitsof vitaminCand 10unitsof;iron, howmanyouncesofeach;itemshouldbeprovided;inorder;to;meettheironandvitaminC;requirementsfor;the;leastcost?Whatwill;this breakfastcost?;3. Weuse2,750peryear;of acertainsubassemblythathas apurchasecostof$450,andan annual;holdingcost of$500perunit.Eachorderplaced;costs us;$150.Weoperate300daysperyearandhave;foundthatanordermustbeplacedwithour;supplier12workingdaysbeforewecanexpecttoreceive that order. For thissubassembly;find;(a) The economic orderquantity;(b) The reorderpoint.;4. WhyisERPimportantfor operationsand overallorganization?

 

Paper#52722 | Written in 18-Jul-2015

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