operation managemnet What is the basic EOQ, management homework help

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As the production manager, you need to minimize both ordering and inventory costs. You need to provide a recommendation of the optimal order quantity of raw materials to your plant manager. Your objective is to determine the economic order quantity (EOQ). If the annual demand for Ultamyacin at Smitheford is 400,000 units, then the annual carrying cost rate is 15% of the cost of the unit. The product costs $48/unit to purchase, and the product ordering cost is $28.00.

In your report, discuss information based on the following questions:

  • What is the basic EOQ?
  • What is the TC (total cost) at the EOQ?
  • How much would the TC increase if the order quantity must be 1,000 units?
  • How is JIT (just-in-time) ordering methodology different from EOQ methodology?

Show all your calculations.

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Bill Veeck’s 12 Commandments

1. Take your work very seriously. Go for broke and give it your all.

2. Never ever take yourself seriously.

3. Find yourself an alter ego and bond with him for the rest of your professional life.

4. Surround yourself with similarly dedicated soul mates, free spirits of whom you can ask why and why not. And who can ask the same thing of you.
In your hiring be color blind, gender blind, age and experience-blind. You never work for Bill Veeck, you work with him.

5. If you are a president, owner or operator attend every home game and dont leave until the last out.

6. Answer all of your mail, you might learn something.

7. Listen and be available to your fans.

8. Enjoy and respect the members of the media, he stimulation and the challenge. The them against us mentality should only exist between the two teams on the field.

9. Create an aura in your city. Make people understand that unless they come to the ballpark, they will miss something.

10. If you dont think a promotion is fun dont do it.

11. Never insult your fans.

12. Dont miss the essence of what is happening at the moment. Let it happen. Cherish the moment and commit it to your memory.

Bill Veeck is considered sport marketings foremost prophet. His vision includes a set of 12 commandments that capture his ideology for successful sport marketing. How do you think his commandments play a role in being a top-notch sport marketer? Is there one in particular that resonates with you? One you believe is missing? Explain.

Submission Instructions:

Your initial post should be at least 300 words, formatted and cited in current APA style with support from at least 2 academic sources.

The Law and Business of Partnerships

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Each student is required to write a paper 5 7 pages long of text pertaining to a topic that encompasses both law and business. Students are required to select topics from the list below.

Topics: trademarks, copyrights, corporations, patents, sole-proprietorships, partnerships

Paper Format:
The paper should be formatted with a title page (with name of paper, student name, and date), introduction, 5 – 7 pages of text (required), conclusion, and reference page. The papers should be double-spaced with one-inch (top, side, and bottom) margins, written in APA Format and contain at least five (5) references. The students may add addition information as it fits the paper.  This additional information may include items such as exhibits with charts and graphs.  The students may number the pages at the bottom right corner.

Percentage of Grade:
The paper will be worth 20% of each students grade.

Point Distribution of Paper Grade:
Title Page: 5 points
Table of Contents: 5 points
Introduction: 15 points
Text: 50 points
Conclusion: 10 points
Reference Page: 15 points

You have been asked to implement a new computer charting system within your hospital. The staff at the hospital has been using paper charting and the staff’s age range is from 20 to 72

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Create a Power Point Presentation to discuss the following:

You have been asked to implement a new computer charting system within your hospital. The staff at the hospital has been using paper charting and the staff’s age range is from 20 to 72. You will need to address the following:

  1. Who would you want on your team to help you as you implement this change and why? (interdisciplinary team)
  2. What should you consider when communicating this change to staff? How should the change be communicated to staff? (in-service, shift meeting)
  3. How are you going to implement the change, handle resistance, and be the change agent?
  4. What issues do you need to address about the use of technology within the hospital? (security, website surfing, documentation)
  5. What type of technology would you like to see (tablets, laptops, PC’s) why?
  6. How do you address the concerns of your staff who do not have a computer and are scared of them?

Power Point should include at least 3 outside references and the textbook. It should include title and reference slides and be 14-20 slides.

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