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Freeport Corporation finds that demand for surfboards has average demand of 10 units per day, with a standard deviation of 3 units. Lead time from the supplier averages 12 days, with a standard deviation of 2 days. The item costs $50 and the inventory carrying cost is 30 percent. a. Suppose management decides to offer a 95 percent service level; that is, it is willing to experience a stockout probability of 5 percent during the order cycle. How much safety stock should be carried? b. How much is the annual inventory carrying cost of the safety stock because of this decision? c. You decide that you want this company to give better service to its customers. You decide that a 99 percent service level is appropriate. How much safety stock must be carried to offer this service level? d. What is the additional inventory carrying cost that will be incurred on this item because of your decision to increase the service level? e. What will the reorder point be for the company if your decision is implemented?
What do you think of Tiffany's decision to open smaller retail outlets, focusing on high-end products, to reach smaller affluent areas
As a marketing manager, you know the importance of choosing the most appropriate distribution channels for your product. There are three specific questions managers must ask and answer before choosing a channel partner.
what alternative ways could M-Bike consider in lieu of the joint venture option to expand into the Lalalandian market and what are the pros and cons of each option?
SilComputer needs to meet the demand of its largest corporate and educational customers for notebook computers over the next four quarters (before its current model becomes obsolete). SilComputer currently has 5,000 notebook computers in inventory. E..
Protocols are important in medicine. We use them anytime that a particularly important process needs to be completed in a sequential way for the benefit of our patients.
How much time on social media is reasonable at work before it becomes time wasting or a theft of the employer's time? Does your answer depend on whether the employee has met his or her goals? Does it depend on how many hours he or she has worked?
Whole Foods has decided on the locations of the first five 365 stores. These are Silver Lake, Los Angeles, CA; Houston Heights, Houston, TX; Portland, OR; Bellevue, WA; Austin, TX. Each of the new 365 stores is opening in an existing market for the c..
The weekly demand of a product is 200 units on average and the order lead time is 2 weeks. How many kanbans are needed at a single location when we set the smoothing factor to 1.2? Suppose a maximization LP problem has the following four corner point..
Dana, a compensation specialist for a large hospital is reviewing pay rates for nurses and nursing technicians in other health care organizations in the area. She is also making sure her org is giving as much vacation and shirt differentials as her c..
Explain the concepts of empowerment, self-managed teams, and cross-functional teams, and develop an essay that argues for their inclusion in either a tall or flat organizational structure.
What are the major threats to Google's ability to serve its stakeholders
What are some of the reasons that people file bankruptcy. How does bankruptcy affect interest rates on loans. Credit cards.
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