Time and Order-processing Costs Essay Example for Free

Time and Order-processing Costs Essay After making some wise short-term investments at a race track, Chris Low had some additional cash to invest in a business. The most promising opportunity at the time was in building supplies, so Low bought a business that specialized in sales of one size of nail. The annual volume of nails was 2,000 kegs, and they were sold to retail customers in an even flow. Low was uncertain of how many nails to order at any time. Initially, only two costs concerned him: order-processing costs, which were $60 per order without regard to size, and warehousing costs, which were $1 per year per keg space. On average, the rented warehouse space is only half full. This meant that Low had to rent a constant amount of warehouse space for the year, and it had to be large enough to accommodate an entire order when it arrived. Low was not worried about maintaining safety stocks, mainly because the outward flow of goods was so even. Low bought his nails on a delivered basis. Question 1: Using the EOQ methods outlined in Chapter 9, determine how many kegs of nails Low should order at one time.  Question 2: Assume that all conditions in Question 1 hold, except that Low’s supplier now offers a quantity discount in the form of absorbing all or part of Low’s order-processing costs. For orders of 750 or more kegs of nails, the supplier will absorb all order-processing costs; for orders between 249 and 749 kegs, the supplier will absorb half. What is Low’s new EOQ? (It might be useful to lay out all costs in tabular form for this and later questions.) Question 3: Temporarily ignore your work on Question 2. Assume that Low’s warehouse offers to rent Low space on the basis of the average number of kegs that Low will have in stock, rather than on the maximum number of kegs that Low would need room for whenever a new shipment arrived. The storage charge per keg remains the same. Does this change the answer to Question 1? If so, what is the new answer? Question 4: Take into account the answer to Question 1 and the supplier’s new policy outlined in Question 2, and the warehouse’s new policy in Question 3. Then determine Low’s new EOQ. Question 5: Temporarily ignore your work on Questions 2, 3, and 4. Low’s luck at the race track is over; he now must borrow money to finance his inventory of nails. Looking at the situation outlined in Question 1, assume that the wholesale cost of nails is $40 per keg and that Low must pay interest at the rate of 1.5% per month on unsold inventory. What is his new EOQ? Question 6: Taking into account all of the factors listed in Questions 1, 2, 3, and 5, calculate Low’s EOQ for kegs of nails.

Out of Maos Shadow Essay -- Chinese Communist Party, Politics

For several decades, since the death of Mao Zedong, dissidence among the public has increased against the single-party system of Mao’s Chinese Communist Party, or CCP. The CCP, which Mao co-founded, has ruled China since 1949 with little or no opposition party. The ruling party has long crushed dissent since its founding. Three authors have looked into the dissidence. The first is Merle Goldman in her analytical essay of the intellectual class in China entitled â€Å"China’s Beleaguered Intellectuals† (2009). In this essay, Goldman focuses on the intellectuals’ struggle for political and intellectual freedom from the CCP. Goldman’s view for the future of China is one containing more political freedoms. On the other hand, Andrew G. Walder’s critical essay â€Å"Unruly Stability: Why China’s Regime Has Staying Power,† (2009) refutes Goldman’s claim that China’s intellectuals have the ability to change domestic poli cy. He argues that, while political dissent has become more commonplace, the CCP and authoritarian control is here to stay. The third author, Philip P. Pan and his novel Out of Mao’s Shadow: The Struggle for the Soul of a New China (2008) has a more neutral tone and shows both the side of the intellectuals and the CCP. This paper will use Pan’s book in order to determine which view, either Goldman’s or Walder’s, is correct. The first section of Pan’s book called â€Å"Remembering,† discusses two of the major role-players, Zhao Ziyang and Lin Zhao, during the different campaigns and revolutions throughout China’s history, and the way the public recalls their deaths. Both Zhao Ziyang and Lin Zhao’s lives and deaths received differing treatment by the government censors and the public. Zhao Ziyang was an important senior member in the C... ...ially thousands of people that would otherwise die unnecessarily. Both Goldman and Walder make excellent points both backed by Pan’s book. The argument that Walder makes is very convincing: that government and all of its censorship is here to stay. The reaction to the reformers are usual overblown and extreme. They are also highly immoral and go against human rights. However, Goldman’s argument is much stronger. Since the rise of a semi-capitalistic society under the market reforms of the 1980’s and the Tiananmen Square protests the voices of political dissent and change have been on the rise, and from the examples provided, especially after the year 2000. The party has effectively been losing power thanks in large part to the internet and the rise of the lawyers like Pu. Therefore, the political status quo in China is changing, no matter what the party says.

Is the Constitution a Living Document

â€Å"Is the Constitution a living document? † Well the meaning of the living document is the provisions by which it may be altered in order to remain current, address unforeseen circumstances and make legal provisions for those accordingly. By being a â€Å"living† document, the Constitution has grown and expanded, and now ensures women and minorities the right to vote among many other things. Most justices agree that the writers of the Constitution prudently chose to write this document in general terms so that modern-day justices can still apply its precepts to a world with changing laws, attitudes, and conditions through successive generations.Justice Oliver Wendell Holmes first advanced the concept of a living Constitution in 1920 in his opinion on the case, Missouri VS Holland. A second, and more controversial, view of a living Constitution contends that when the elected legislative and administrative agents of the government fail to redress a wrong or solve a par ticular social problem, then the courts may act to remedy the situation through the process of judicial review. Our written Constitution, the document under glass in the National Archives, was adopted 220 years ago. It can be amended, but the amendment process is very difficult.The most important amendments were added to the Constitution almost a century and a half ago, in the wake of the Civil War, and since that time many of the amendments have dealt with relatively minor matters. The American Constitution is long-lived, has enduring qualities, and was intended for many decades. The living document was founded on enduring principles, and was based on the authority of a people who are sovereign has been attested to by many of its leaders. That it can be changed when, and if, the people ordain such change is a part of its own provisions. For these reasons, it can be said to be a â€Å"Living Constitution†. Is the Constitution a Living Document â€Å"Is the Constitution a living document? † Well the meaning of the living document is the provisions by which it may be altered in order to remain current, address unforeseen circumstances and make legal provisions for those accordingly. By being a â€Å"living† document, the Constitution has grown and expanded, and now ensures women and minorities the right to vote among many other things. Most justices agree that the writers of the Constitution prudently chose to write this document in general terms so that modern-day justices can still apply its precepts to a world with changing laws, attitudes, and conditions through successive generations.Justice Oliver Wendell Holmes first advanced the concept of a living Constitution in 1920 in his opinion on the case, Missouri VS Holland. A second, and more controversial, view of a living Constitution contends that when the elected legislative and administrative agents of the government fail to redress a wrong or solve a par ticular social problem, then the courts may act to remedy the situation through the process of judicial review. Our written Constitution, the document under glass in the National Archives, was adopted 220 years ago. It can be amended, but the amendment process is very difficult.The most important amendments were added to the Constitution almost a century and a half ago, in the wake of the Civil War, and since that time many of the amendments have dealt with relatively minor matters. The American Constitution is long-lived, has enduring qualities, and was intended for many decades. The living document was founded on enduring principles, and was based on the authority of a people who are sovereign has been attested to by many of its leaders. That it can be changed when, and if, the people ordain such change is a part of its own provisions. For these reasons, it can be said to be a â€Å"Living Constitution†.

Operational Functions Of Operations Management - 1094 Words

INTRODUCTION Operations management is the process that transforms inputs into goods and services that add value for the customer. It maximises efficiency and effectively fulfils customer needs. Operations are one of the three strategic functions of any organization. This means that it is a vital part of accomplishing the organization s strategy and ensuring its long-term survival (Boundless, 2015). Characteristics of Operations Management †¢ Core function in an organisation †¢ Exists in every type of department †¢ Most businesses are supported by operations, marketing and finance The areas that determine effective operations management - †¢ Service, product design †¢ Quality management †¢ Process, capacity design †¢ Location †¢ Layout design †¢ Human resources †¢ Supply-chain management †¢ Inventory management †¢ Scheduling †¢ Maintenance COMPANY PROFILE BlackBerry Limited (formerly known as Research in Motion Limited) is a mobile communications company introduced in 1999. It provides software for managing mobile devices. It offers platform for messaging like BlackBerry Messenger. BlackBerry s software and hardware products are used worldwide by various government s agencies and by car makers and industrial plants throughout the world, much of this activity being unseen by the public. Their increase in popularity and market share led to stiff competition against Apple and android. BlackBerry (BB) has its own OS named QNX. 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