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Q. Medical instrumentation labs produce a "diagnostic emergency pac" in lots of 120 units. the production lead time is 3 weeks and the firm carries a safety stock of 30 units. Demand is forecast at 40 units per week. The firm currently has an end of period inventory on hand of 90 units and a scheduled receipt of 120 units is due in week.
a) Compute the order point
b) depict the use requirements in a time phased order point format for a 10 week period
c) during illustrate what weeks do the order points occur
d) evaluate this plan for cost effectiveness
The dean of the Western College of Business must plan school's course offerings for the fall semester. Student demands make it necessary to offer at least 30 undergraduate and 20 graduate courses in the term.
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