Case 3: Managing inventories in a Hospital The case is about Control versus Cost versus Service versus Liability. What if the hospital stock out of a SKU and hurts a patient or if the patient dies due to lack of inventory? The EOQ is a marginal cost model. – Models are only as good as their parameter estimates –Answer the four case questions with special emphasis on getting good estimates of order and inventory holding costs Instructions: Read case at the end of Chapter 12‚ pages 269 to 271
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1.0 Problem in Inventory Management 1.1 Inventory Control If stock outs happen in warehouse‚ the problem may exist in Tesco inventory control. The inventory‚ for example‚ fresh vegetable’s shelf time is extremely shorter than other regular product. Fresh vegetables can attract customer to purchase with the basis of high quality physical appearances and short best-used date because these two factors can transfer information that foods are fresh and without any artificial addictives (Derek L. Waller
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Qualitative Research Proposal Exploratory Field Research For my field research observation site I chose the flea market (la pulga) located in Alamo‚ Texas. I chose this specific site because in our Mexican American culture families tend to go there to buy cheap merchandise. Although many people go there many of the things they buy there can or is related to crime. I chose this flea market because it is close to home and there are usually a high number of people there during the weekends. There
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EFFECTIVENESS OF PROPHYLACTIC IRON AND FOLIC ACID IN PREVENTING MATERNAL ANEMIA AMONG VEGETARIANS-A CASE CONTROL STUDY INTRODUCTION: Anemia complicating pregnancy poses a considerable danger to pregnant women and the fetal outcomes. Maternal anemia is defined as presence of less than 9gm% of hemoglobin in blood (Van Hove et. al‚ 2000). There is a significant risk of premature delivery and miscarriage in anemic women. The fetus is also at risk for low birth weight and severe anemia
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A company should abandon the historical cost principle when the future utility of the inventory item falls below its original cost. 2. The lower-of-cost-or-market method is used for inventory despite being less conservative than valuing inventory at market value. 3. The purpose of the “floor” in lower-of-cost-or-market considerations is to avoid overstating inventory. 4. Application of the lower-of-cost-or-market rule results in inconsistency because a company may value inventory at
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POOR COUNTRIES ARE POOR BECAUSE THEY ARE POOR Poor countries are poor not because they are poor but because they lack the essential resources which are significant for economic growth and development. The African continent is considered as the poorest continent in the world. This is due to political instability which tends to scare away investors thus stunting economic growth of a country. Some of the reasons as to which developing countries are poor are; corrupt governments‚ low illiteracy levels
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average investor but imposes challenges for big institutional investors such as HMC. HMC long-term horizon allows the introduction of less liquid and riskier investments‚ namely Private Equity‚ Real Estate‚ among others. By the introduction of these alternative asset classes in higher weights (Exhibit 14‚ Portfolio 6) the efficient frontier will take a right upward shift. Although this optimization is correct‚ factors such as liquidity can flaw this optimality‚ as well as the incapability to generate long-term
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The Victorian dress Why did the poor Victorians have to be so different from the rich Victorians? Money back then was a big divider. The poor had to work very hard if they wanted money‚ but the rich didn’t have to really do anything because they had a maid that did all their work. The rich victorians led a life full of leisure‚ which was reflected on their clothing. The poor victorians were drastically different. The poor victorians are so different because they have no money and they can’t really
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has always been that motivational voice in my head that tells me to push forward. Last year‚ my sister achieved her goal of going to college. She turned to me‚ and said that I am next‚ words that are forever in my mind. Growing up poor has many disadvantages‚ being poor has led to a personal battle that has kept me sheltered and fearful of the world. Low self-esteem. Passing by a group of more than five people was always terrifying for me. Always thinking what was being said about me‚ and if my appearance
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Eusociality Research Proposal Project Objectives The objective of this research is to aid in identifying how honey bees‚ Apis mellifera‚ and potentially all eusocial insects‚ have evolved to their current level of social organization‚ . By studying the behavior of the worker caste in the absence of the queen‚ we will be able to see signs of whether these organisms have evolved from kin selection or multilevel selection. The ultimate goal is to see if worker bees can thrive and manage a colony
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