The EOQ model is characterized by several advantages. First, using the model, all stock items are reviewed periodically and as such, there is a greater possibility of obsolete items being eliminated (Lucey, 2003). Additionally, a firm might gain economies in placing orders by spreading the purchasing office load more effectively. It might also obtain larger quantityRead more about Advantages and Disadvantages of Economic Order Quantity (EOQ)[…]

The Ford Motor Company The Ford Motor Company is an American multinational automaker that was founded in 1903 by Henry Ford. Headquartered in Dearborn, Michigan, the company sells commercial vehicles and luxury cars under the Ford brand and Lincoln brand respectively. Ford also owns FPV an Australian performance car manufacturer, Troller, a Brazilian SUV manufacturer. Read more about Strategic Analysis of the Ford Motor Company[…]

Video games have over the years been associated with negative impacts such as poor academic performance, violent, aggressive, and anti-social behavior, obesity, muscular disorders, and increased blood pressure. Recent research studies have, however, revealed that they can be harnessed to elicit a more positive response to treatment regimens among patients and facilitate the simulation ofRead more about Video Games in Hospital Environments[…]

Pivot Table and Multi-Attribute Decision Analysis Assumed Certainty: Multi-Attribute Decision Making (MADM) Scenario: You are the Vice President of Franchise Services for the Lucky restaurant chain. You have been assigned the task of evaluating the best location for a new Lucky restaurant. The CFO has provided you with a template that includes 6 criteria (attributes) thatRead more about Module 3 – SLP Pivot Table and Multi-Attribute Decision Analysis[…]