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?

The following table indicates how many meals the Center Court Restaurant of University A has sold each month for the past 10 month. Month Sales 1 70 2 89 3 94 4 80 5 68 6 72 7 60 8 75 9 86 10 90 What is the forecast for 11th month using Double Exponential Smoothing, with α=0.4, β=0.1?  

Two basic ethical ideals underpin the Caux Principles for Business. They are

In the context of universalism, kyosei and human dignity are the two basic ideals underpinning the ________ Principles for Business. 

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 percentage of the time is Lennie washing cars?

The first step in an ideal decision-making process is to

Which statement regarding the role of managers in strategic planning is accurate?

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?

Here are the sales data for the past 6 periods. It is known that a three-period seasonality exists. Assume the linear regression line for the deseasonalised demand is Y=486.14+55.96t. From these data, answer the following four questions. PERIOD ACTUAL PERIOD ACTUAL 1 300 4 416 2 540 5 760 3 885 6 1191 What is the forecast of demand for period 7? 

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?