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Your new company has decided to use a periodic review system. You have learned the average weekly demand is 48 units with a standard deviation of 8 units. You believe that your cycle service level should be 94% Lead time is 2 weeks. Initially you believe that you should do a review every Friday.
a. Determine the required safety stock and target inventory level.
b. How would this procedure change if the cycle service level needed to be 98%?
c. What is the impact of changing the review period from every Friday to every other Friday, assuming that the cycle service level is 94%?
Hollywood Video is a small video stored located in Minneapolis. It is open 24 hours a day and experiences customers arriving throughout the day. The video store manager was interested in determining the traffic in his store. What is the same assumpt..
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Webvan designed a supply chain with large warehouses in several major cities in the United States,
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Nonequity Alliance - Cooperation between firms is managed directly through contracts, without cross-equity holdings or an independent firm being created. Equity Alliance - Cooperative contracts are supplemented by equity investments by one partner in..
Describe the administrative and financial components of HMIS for the organization.
Select one out of the four research topics indicated above to create a professional PowerPoint presentation. Your PowerPoint submission should.
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