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Scenario 11.1 - Bubble and Squeak
The rising popularity of bubble and squeak as a breakfast item on the menu has resulted in a steady demand for peas.Over the course of the past week,457 patrons have ordered the hearty breakfast and each serving contains a half cup of English peas.It costs two cents to hold a half cup of peas in inventory for a year and $3 to place an order (remember they come all the way from England!) .It takes two weeks to ship a container from England loaded with peas.
-The diner orders at the economic order quantity but an analysis of dates on the cans of peas revealed that the flow time was actually 5 weeks.A quick check revealed that the computer had automatically adjusted up the economic order quantity as demand had risen during the past few months.What is the new weekly demand for English peas?
Compensation
Payment or reward given to someone as a recompense for loss, injury, or suffering.
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The frameworks and institutions through which laws are developed, interpreted, and enforced to govern social behavior and resolve disputes.
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In a legal context, when a higher court upholds the decision of a lower court, confirming the original decision was correct.
Varied
Characterized by diversity or difference; not uniform or consistent.
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