The UMD bookstore expects to sell about 9,000 books in management area next year. We understand the annual carrying cost is currently $16 per title. Every time when the bookstore needs to order a book, it must spend $75 for transportation. We assume that the bookstore opens 300 days a year. What is the EOQ?

In an organization, the process of planning moves in a linear fashion.

Duluth Machinery Company (DMC) is a famous producer of mining tools. Currently DMC supplies its customers with 10,000 mining drills each year. This demand has been consistent in recent years. The setup cost for manufacturing mining drills is $40. If stored in warehouse of DMC, every mining drill costs $.60 per year. DMC can make 500 mining drills per day. The daily sales is about 50 mining drills each business day. What is the maximum inventory level of mining drills at DMC?

Integrity-based ethics programs in business organizations are based upon the premise that

What is a feature of effective brainstorming?

Lennie is a worker for Clean&Clean Co., a car wash company. It seems that the company’s business is pretty good. We observed that on average 15 customers arrive every hour. The arrival is Poisson distributed.  The average car washing time is 2 minutes per car, following an exponential distribution. What is the average number of cars waiting to be washed?

_____________ is the process of evaluating all inputs and outputs, through the entire “cradle-to-grave” journey of a product, in order to determine the total environmental impact of its production and use.

The following table contains the main information of a project.       ACTIVITY     IMMEDIATE PREDECESSOR(S) TIME ESTIMATES (IN WEEKS)   OPTIMISTIC MOST LIKELY   PESSIMISTIC A — 4 8 10 B A 2 8 24 C A 7 12 16 D A 4 6 10 E B 1 2 3 F E, C 6 8 18 G E, C 2 3 4 H F 2 2 2 I F 6 6 6 J D, G, H 4 6 12 K I, J 2 2 3 What is the activity variance along the critical path?

When Arjun, a marketing manager at a medical equipment firm, realized that his plan to increase sales levels was not producing the results he desired, he took quick action to make necessary adjustments. According to this scenario, Arjun was exercising the management function of

Effective strategic management begins with an analysis of the organization’s internal strengths and weaknesses.