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Consider a continuous review inventory system. Demand is normally distributed with an average of 13,600 per month and a monthly standard deviation of 225 units. Lead time is one week (assume 4 weeks per month). If the firm desires a 97% CSL, how many units of safety stock should be held, and what re-order point ) should be used? (Keep 3 decimals for the standard deviation, but round and to the nearest whole number.)
Discuss the advantages and disadvantages of doing business as a Sole Proprietorship, Partnership, Corporation and Limited Liability Company, along with the consideration of biblical standards for doing business with others.
the warehouse manager and his staff have been very impressed with your presentation thus far. they are very interested
Assuming the supplier's promise is valid, what is the probability that the dairy will run out of this flavor before the shipment arrives?
Stimulating an improvement culture concept - This concept, in this context, is based on organizations supporting continuous improvements within the organization.
You are the regional HR director of the restaurant chain (e.g., Ruby Tuesday’s or TGI Fridays) and responsible for recruiting all staff for the restaurants in your region. One of the stores in your region needs to hire servers. What knowledge, skills..
Explain why many economists argue that an income tax penalizes savers but a consumption tax would not. In what sense can consumption be regarded as a better index of the ability to pay taxes than income?
Which influencing tactics do you tend to use most and least? Why? How will you further develop your ability to influence using influence tactics? How would you rate/describe your relationship with a current or past boss and why? Given what we are lea..
Identify a planning technique used in a non-hospitality industry that would also be valuable in the hospitality industry for planning a service delivery system. Explain your reasoning for your decision.
For each scenario in the below table, run 30 simulations and report the overall mean service level and the estimated total cost. Does this new reorder point achieve the desired service level of .9? If so, which scenario would you recommend
Anticipate how you expect these trends to affect your selected organization. Determine the kinds of change-management skills and tools that may be required to address the trends
Leadership and ethical principles. Explain how you applied these concepts and how they have helped you in your organization. Please provide examples to support your statements
Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples. Respond substantively ..
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