. Decision making: Administrative and political models (Connect, Perform) Use your understanding of decision-making models to complete the following sentences. When a manager uses a blend of analytical thought and intuition, the manager is said to be using . When the administrative and political models of decision making are said to be descriptive, this means: The model defines how people should ideally make decisions The model is most useful for programmed decisions The model is best suited for highly certain conditions The model defines how people actually make decisions, under less than ideal conditions

Thomas kratzer is the purchasing manager for the headquarters of a large insurance company chain with a central inventory operation. thomas's fastest-moving inventory item has a demand of 6,000 units per year. the cost of each unit is $100, and the inventory carrying cost is $10 per unit per year. the average ordering cost is $30 per order. it takes about 5 days for an order to arrive, and the demand for 1 week is 120 units. (this is a corporate operation, and the are 250 working days per year.)a) what is the eoq? b) what is the average inventory if the eoq is used? c) what is the optimal number of orders per year? d) what is the optimal number of days in between any two orders? e) what is the annual cost of ordering and holding inventory? f) what is the total annual inventory cost, including cost of the 6,000 units?