Economic order quantity

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  • A3501 Case Study

    Operations Research Supply Managers could clearly optimize on hand material and reduce overall inventory costs. Utilizing these tools efficiently and effectively will balance inventory needs and requirements by minimizing cost to order and hold material. The models and calculations discussed in OA3501 are the foundation for understanding the functionality of all inventory aspects. PROBLEM STATEMENT During the class, Professor Maher taught nearly fifteen different models and decision making tools for managers to understand, adopt and utilize to further research at school and work. With that in mind, the tools provided were not interactive and didn’t…

    Words: 1403 - Pages: 6
  • Written Assignment

    "Today's kanban research is the modern equivalent of yesterday's economic order quantity research." Do you agree? Explain your answer. 2. There is considerable evidence that getting the correct operating conditions is more important than the choice between MRP, kanban, or reorder point methods in the MPC system. How general do you believe this situation to be? 9. (TCO 6) Market requirements drive the choice of the shop floor system approach. Describe and explain the type of market…

    Words: 1300 - Pages: 6
  • Littlefield Manufacturing Case Study

    is relatively constant within a range, stabilizing the machine utilization around 50% to 70% by purchasing new machines can help us ensure the continuous flow of the process. Because we bought a new machine for each station at the beginning and tried to maintain a relatively constant level of the utilization rate for each station, the throughput of the process was pretty smooth during the rest of the simulation, which ultimately led us to much greater profit accessibility. Additionally, we…

    Words: 1064 - Pages: 4
  • Hysteresis Motor Analysis

    speed. In addition, it can be argued that with a reasonable approximation the hysteresis torque component at starting conditions is equal to the maximum torque the motor can produce at synchronous speed, 2) in some special applications, the only function of a hysteresis motor is to rotate a connected to the shaft object with a large moment of inertia at synchronous speed. In these applications, the required torque at synchronous speed is usually far smaller than the torque required for desired…

    Words: 1703 - Pages: 7
  • Space Charge And Electric Field Distribution

    distribution is calculated by using the heat conduction equation [50]: 〖 ρ〗_m c_p ∂T/∂t= ∇.(k∇T)+S_heat (3.10) Where, 〖 ρ〗_m is the mass density, c_p is specific heat, k is thermal conductivity, T is the temperature and S_heat is the source term which represents the resistive heating that passes through the insulator due to the leakage current, whereas in conductor it represents the resistive losses…

    Words: 1362 - Pages: 5
  • Polystyrene Heat Lab

    What do your results tell you? Are there any relationships, patterns or trends in your results? From our [processed] results, we can conclude that the polystyrene cup served as the least effective conductor of heat, the tin mug coming in at a close second. The most effective material for heat conduction was the plastic mug. At the beginning of the tests, all of the water in the cup declined in temperature at a steady, even rate, but once one minute had passed, they had all started to cool down…

    Words: 1264 - Pages: 6
  • Analysis Of The Indiana State K-6 Physical Science Standards

    I organized all of the Indiana State K-6 Physical Science Standards to where I believed they belonged within the five units we go over in P199. For the Forces and Motion; Measurement unit I placed standards 2.1.4, 2.1.5, 2.1.6, 2.1.7, 5.1.1, 5.1.2, 5.1.3, 6.1.4, 6.1.5, and 6.1.6. For Physical Properties I placed K.1.1, K.1.2, 1.1.1, 1.1.2, 1.1.3, 2.1.3, 6.1.1, and 6.1.2. Within the Physical Changes; Electricity and Magnetism unit I organized standards 2.1.1, 4.1.3, 4.1.4, 4.1.5, 5.1.4, and…

    Words: 718 - Pages: 3
  • Fastco Case Analysis

    they did not have to take on the extensive cost of creating a whole new company. Fastenal was not the only ones to benefit from this partnership, the sourcing & trading company they partnered with now has backing from a company that has no debt and over 2 billion dollars in revenue. Fastenal has worked hard to start their growth and strengthen competitive power by growing internationally. The major move Fastenal has done to strengthen its international identity was develop the Fastenal Asia…

    Words: 1505 - Pages: 6
  • What Are The Four Stages Of Conflict In Nursing

    While at work the past two weeks I observed a recurring conflict. Two weeks ago a patient presented to the Medical Surgical nurses states with a Demographic face sheet and told me he was there for fluids. I kindly asked the man if he knew where he was suppose to go and he told me “last week when I was back in outpatient infusion area, they told me I would be out here today”. I said it would be one moment because I needed to make sure this is where he was supposed to be and if he was supposed…

    Words: 2051 - Pages: 9
  • Julius Caesar Alan Berg Analysis

    Mark Twain once said, “The fear of death follows from the fear of life. A man who lives fully is prepared to die at any time”(Death Quotes, Brainy Quotes). Julius Caesar and Alan Berg both stared death in the face more than one time and eventually they both paid for it. Alan Berg and Julius Caesar were both very influential people with radical ideas that not everyone agreed with. The two men lived very different lifestyles and had very different views on the world but, both of the men’s radical…

    Words: 1002 - Pages: 5
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