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The Operations Manager for Shadyside Savings & Loan orders cash from her home office for her very popular "BIG BUCKS" automated teller machine, which only dispenses $100 bills. She estimates that this machine dispenses an average of 12,500 bills per month, and that carrying a bill in inventory costs 10 percent of its value annually. She knows that each order for these bills costs $300 for clerical and armored car delivery costs, and that order lead time is six days. Assuming a 30-day month, at what point should bills be reordered?
Reasoning
The mental process of using logic to identify connections, draw conclusions, solve problems, or make decisions.
Direct Observation
The method of gathering data through direct and immediate experience, without intervention or manipulation.
Clean Dishes
The result of washing dishes in which all food debris, grease, and dirt are removed, leaving the dishes sanitary and ready for use.
Premise
An initial statement or proposition from which another is inferred or follows as a conclusion.
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