EOQ INVESTIGATION. PAPER. ECONOMIC ORDER QUANTITY (EOQ) An Economic Order Quantity is the optimal number of order that minimizes total variable costs required to order and hold inventory‚ that is to say‚ that EOQ helps us to determine the appropriate amount and frequency when ordering and holding inventory. EOQ is used as part of a continuous review inventory system‚ in which the level of inventory is monitored at all times‚ and a fixed quantity is ordered each time the inventory level reaches
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April 8‚ 2013 Group Report 1: Capacity Management The following is an account of our Littlefield Technologies simulation game. The account includes the decisions we made‚ the actions we took‚ and their impact on production and the bottom line. Day 53 Our first decision was to buy a 2nd machine at Station 1. We did not have any analysis or strategy at this point. Nonetheless‚ this turned out to be a wise investment‚ since Station 1 was in danger of becoming a bottleneck in production
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Calculating generator reactancesPower topic #6008 | Technical information from Cummins Power Generation Calculating generator reactances > White paper By Timothy A. Loehlein‚ Technical Specialist-Electrical Generator reactances are used for two distinctly different purposes. One use is to calculate the flow of symmetrical short circuit current in coordination studies. A second use for generator reactances are in specifications that limit the sub-transient reactance to 12% or less in order
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MA4850 – SUPPLY CHAIN AND LOGISTICS MANAGEMENT Littlefield Technologies Report Littlefield Technologies is a job shop which assembles Digital Satellite System receivers. The assembly process is carried out at 3 stations via a four step processes. Station 1 is board stuffing station whereby the first step is executed. The first step consists of mounting the components onto PC Boards and soldering them. The digital components are then briefly tested at the testing station which is station 2 in the
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Term Project Part II Southwestern University EOQ – 2006 My suggestion for Maddux would be to place his order with First Printing for both the programs‚ and the inserts. For the programs‚ Maddux should base his order on D=300‚000. He should order 31‚622 programs each order. This will equate to ten orders placed throughout the season‚ saving him over $45‚000 compared to Quality Printing‚ and only cost him an extra $2‚500 in pick-up costs. For the inserts‚ Maddux should base his order on D=250
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Calculating WACC for Marriot Marriot has three divisions : * Lodging * Restaurant * Contract services Financial Strategy of Marriott * Manage rather than own hotel assets * Invest in projects that increase shareholder value * Optimize the use of debt in the capital structure * Repurchase undervalued sharesunlevered Unlevered Asset Beta Asset beta = (E/V) * Equity betaE = Market value of equity V = Market value of company = Market value of equity
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Managing Customer Responsiveness at Littlefield Labs Background Littlefield Laboratories (LL) has opened another lab. The new lab uses the same process as the lab in the assignment “Capacity Management at Littlefield Labs” — neither the process sequence nor the process time distributions at each machine have changed. On day 0‚ the lab began operations with three preparers‚ one tester‚ and one centrifuge‚ and an inventory of 160 test kits. This left the lab with $1‚000‚000 in reserves. Customer
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Economic Order Quantity EOQ‚ or Economic Order Quantity‚ is defined as the optimal quantity of orders that minimizes total variable costs required to order and hold inventory. Every company worries about two things when deciding how to manage their inventory. How much should we order? And how often should we order? These represent variables that come with their own changing costs. The Economic Order Quantity‚ or EOQ‚ is that magic number that represents the optimal quantity of orders that
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Before the simulation started‚ our team created a trend forecast‚ using the first 50 days of data‚ showing us that the bottleneck station was at Station 1. On day 50 of the simulation‚ my team‚ 1teamsf‚ decided to buy a second machine to sustain our $1‚000 revenue per day and met our quoted lead time for producing and shipping receivers. On day 97‚ we changed Station 2’s scheduling rule to priority step 2. We noticed that the bottleneck was not just at station 1‚ but at all stations‚ and that buying
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Little Field simulation. It was up to that team member to locate our weaknesses within the simulation and to bring it up to the entire group. Once the group was notified of a change that needed to be made‚ we would all decide together through a group text. After we all decided that the change was a good idea‚ we would let the team member who was in charge for the day know and he made the appropriate changes to the station. This proved to be our success in running the simulation; all team members
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