Given the following information, formulate an inventory management system. the item is demanded 50 weeks a year.

a. state the order quantity and reorder point.
b. determine the annual holding and order costs.
c. if a price break of $50 per order was offered for purchase quantities of over 2,000, would you take advantage of it

Why has the free enterprise system been modified to include some government intervention?

Why should managers invest any excess cash

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?