objective of this study is to determine whether or not inventories in the Nigeria Bottling Company‚ Ilorin Plant can be evaluated and understood using the various existing tools of optimization in inventory management. The study methods employed include the variance analysis‚ Economic Order Quantity (EOQ) Model and the Chi-square method. The answer to the fundamental question of how best an organization which handles inventory can be efficiently run is provided for in the analysis and findings of the study
Premium Inventory Economic order quantity Operations research
PROBLEM ON VARIANCE ANALYSIS [pic] Submitted to: PROF. ROSFE CORLAE D. BADUY Submitted by: ADRIAN ERWIN M. PEGASON ERWIN S. FLORES BETA COMPANY Beta Company produces two products‚ A and B‚ each of which uses materials X and Y. The following unit standard costs apply: | |Material X |Material Y |Direct Labor | |Product A |4 lbs @ $15 |1 lb @
Premium Direct material price variance Variance Analysis of variance
analyzed the article by Daniel Goleman which is entitled “Leadership that gets results” and in my speaking I would mostly base on it. Let me start with the few words about the research‚ which was held by the author. Firstly‚ it offers a fine-grained understanding of how different leadership styles affect performance and results. Secondly‚ it provides managers with clear guidance on when they should switch between them. The researchers have analyzed many companies and numerous cases connected
Premium Leadership Management
Statistics Midterm paper 1. : Identify the implied population in the information here. Government agencies carefully monitor water quality and its effect on wetlands (Reference: Environment Protection Agency Wetland Report EPA 832-R-93-005). Of particular concern is the concentration of nitrogen in water draining from fertilized lands. Too much nitrogen can kill fish and wildlife. Twenty-eight samples of water were taken at random from a lake. The nitrogen concentration (milligrams of nitrogen
Premium Variance Standard deviation Investment
company operations goes through some turmoil. A more detail variance shows that the external factor largely responsible for the growth of leather markets that rapidly increase than anticipated making NLJ to catch with the increase in market demand. Variance Analysis Contribution Margin Based on the figure in Exhibit 1‚ the total amount of contribution margin for the Nylon jackets is $4‚350 less than the budget. Although‚ the actual unit of contribution margin is $0.15 greater than the standard
Premium Marketing Management Strategic management
Week 6 Discussion December 5‚ 2012 Differentiating According to Learning Profile and Multiple Learner Variances At the beginning of the school year‚ I suggested to the grade 6 teachers that we do a learning style inventory of the students we teach. They jumped at the opportunity to get to know their students better and to be able to provide their students with the best learning experience and the opportunity to be successful. We discovered many types of learning styles among the students
Premium Education Learning Educational psychology
Abby Goldschmidt Honors Biology 2° Mrs. Gempel September 3‚ 2015 Daphnia Lab Results Paper Abstract The goal of the study was to observe the effects of multiple chemicals on a Daphnia magna’s heart-rate compared to a control (pond water). The different chemicals were caffeine and alcohol. The heart-rate was the main variable in this experiment. The Daphnia’s heart-rate was observed for 15 seconds and then multiplied by 4 to show its heart-rate in one minute. This was repeated 4 times for each
Premium Heart rate
cognitive function‚ not connected to personality. Bigelow and La Gaipa (1975) highlighted friendship and the interaction with others to be an important influence on behaviour. Biology; the relationship between the brain and the cognitive process ‘language’ is another aspect of influence on behaviour and performance. Adorno et al (1950) carried out a study on the authoritarian personality; a type of personality characterised by deference to authority‚ Hostile to individuals of inferior status‚ strict
Premium Psychology Cognition Brain
hampered by resource constraints and other issues. Investment decisions‚ as a result‚ have seen prolonged deferment‚ with only a few projects being awarded. It is heartening‚ however‚ that the intrinsic strengths and embedded characteristics of the Indian economy still remain positive. GDP growth‚ at 6.5%‚ though sharply down from the levels that prevailed a couple of years back‚ still has the potential to revive. Performance Overview Against this backdrop‚ your Company has successfully steered a steady
Premium Board of directors
like a stranger. It is a different place with a variety of characteristics that you probably are not used to. Not only for the language or for geographical features‚ but you also find cultural dissimilarities. If I have to choose three cultural variances from Venezuela and US‚ I will select housing development/city‚ sports and behavior. Firstly‚ Venezuela and US have a dissimilar meaning about housing development‚ urbanization or city must be. According to the Cambridge dictionary on its American
Premium United States Culture Sociology