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Demand for a product is relatively constant at five units per day. Lead time for this product is normally distributed with a mean of ten days and a standard deviation of three days. (a) What reorder point provides a 50 percent service level? (b) What reorder point provides a 90 percent service level? (c) If the lead time standard deviation can be reduced from 3 days to 1, what reorder point now provides 90 percent service? How much is safety stock reduced by this change?
Radovilsky Manufacturing Company, in Hayward. California. makes flashing lights for toys. The company operates its production facility 300 days per year. It has orders fo about 12,000 flashing lights per year and hasthe capability of producing 95 per..
Consider the operations function of the organisation where you are currently or were previously employed and critically discuss how Lean Systems facilitate the continuous improvement of its processes.
Years ago in the overnight delivery business, providing package tracking capability gave some firms a competitive advantage. Now, all firms must offer this capability simply to be in this line of business. This is an example of ______________ becomin..
Did the World Bank and other international donors act responsibly and ethically in constraining their humanitarian assistance? Who has the responsibility for the health care of the Latin American people
The advertising director a large retail store in Columbus, Ohio, is considering three advertising media possibilities: (1) ads in the Sunday Columbus Dispatch newspaper, (2) ads in a local trade magazine that is distributed free to all houses in the ..
Which of the following is a term for a state statute authorizing boards of corporations to take into account all stakeholders and constituencies
Given the complexities and risks associated with supply chain, would it be sensible for a business conducting a production or services operation to vertically integrate, and be its own supply chain? List and briefly discuss the pros and cons of this ..
You are the author of a popular CSR article. For this week’s discussion post, discuss the main reasons why Apple is or is not a socially responsible organization. List at least two examples of Apple’s actions that support your position. Be sure to us..
According to Daft, in Organization Theory and Design 12 Ed., Describe the different types of inter-organizational relationships for modern organizations. Explain the resources dependence and collaborative relationships, and strategies to be adopted t..
From your activity network, determine the critical path and identify any slack within your project. As you develop your project network be sure to think critically about each activity and use your best estimate of the time for the activity. How ha..
What are some of the major symptoms of groupthink? Can you give an example from your own experience where groupthink may have occurred?
Consider Avionic Manufacturing Business that wishes to meet a demand of 10 units per month by purchasing items from a vendor with a lead time of 3-quarters of a month. Illustrate what is optimal inventory policy and total cost of system under optim..
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