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The daily demand for camera films at a gift shop is N(30,5). The cost of holding a roll in the shop is $0.02 per day, and the fixed cost of placing a replenishment order is $30. The shop’s inventory policy is to order 150 rolls whenever the inventory level drops to 80 units. It simultaneously maintains a buffer of 20 rolls at all times.
a) Determine the probability of running out of stock.
b) Given the data of the situation, recommend an inventory policy for the shop given that the shortage probability cannot exceed 0.10.
create the project schedule network. Then use the two pass mehtod, calculate and show the early and late starts and slack for each activity and critical path. Create a table similiar to the one below and create the network diagram.
Fully explain each of the 5 phases of the Guest Lifecycle (Dream, Purchase, Anticipate, Experience, Remember) AND one example of how technology is used in each phase.
Research Paper Using the practices of Strategic HRM, complete a APA research paper. Using your text, one or more professional interviews, at least two scholarly resources and other general resources, conduct research on the practices of HRM and the s..
Blogging has become a popular way for employees to communicate with customers and other parties outside the company. In some cases, employee blogs have been quite beneficial for both companies and their customers by providing helpful information and ..
Yorktown Industrial Supply Company (YIS) manufactures and sells electrical components used primarily by recreational vehicle manufacturers. Typically Yorktown has multiyear supply agreements with its major customers. During year one of the contract b..
Which of the following best describes horizontal division of markets?
How can organizations measure the performance of a strategic plan and tactics?
Discuss the company's operational strategic performance dimensions. Provide general statistics, history, management, headquarters, divisions and all products.
Floor-On, Ltd., operates a line that produces self-adhesive tiles. This line consists of single-machine stations and is almost balanced (i.e., station rates are nearly equal). What is the estimated average WIP level? How does the performance of the a..
Lean production uses a “pull” system. Differentiate between “push” and “pull” systems of production, and show the benefits of using the “pull” system instead of the “push” system.
Identify the techniques for improving service productivity. In a paragraph, describe and include an example using a specific service setting of your choice for any five of the techniques.
As mentioned in this chapter, "prior experience" in an industry helps entrepreneurs recognize business opportunities. This concept of "help" extends to prior experience in any aspect of life- whether it is in sports, music, or a volunteer activity. I..
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