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Christian runs a small chocolate shop. He manages his chocolate raw material using a periodic review system. Daily demand has a mean of 100 pounds and standard deviation of 10 pounds. The annual holding cost is $10 per pound. He maintains 98% service level (so z = 2). The lead-time to get more chocolate is 10 days and he reviews his raw material inventory monthly. (Assume that there are 30 days per month.)a. What is the chocolate raw material safety stock Christian needs to hold? What is the expected inventory level for the chocolate raw material?b. A management consultant has told Christian that, by installing an IT system, the review period could be cut from one month to one week. How much would Christian be willing to pay for this IT system? (Hint: to simplify the problem, you can assume that the price Christian wants to pay is the saving he can achieve from using this IT system for a year.)
Charles Lebeuf, VP of Human Resources for Bell Helicopter Textron of Canada, was asked to address the stockholders, employees, and reporters at the upcoming Annual General Meeting.
There is no word count. How does mode of transportation change when market place becomes global rather than just domestic. Is there any difference? Please give an example.
Briefly discuss how this came about and what action, if any, the federal agency took in response to the potential danger that the product posed. Do you agree with the action
Pretentious your budget is zero, provide a justification of Explain why your report will work. Within your explanation, Classify expected benefits also types of costs
Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.95 per card
explain how to design his new organization. This design will comprise management structure, pay system also allocation of work to individuals also groups.
the following questions using the data relevant to Jollibee at the time of the case writing. Do not update the case information to current time. Analyze the structure of the global hamburger chain industry relevant to Jollibee.
Company purchases natural gas from two companies; Southern gas also northwest gas. Develop a linear programming model which can be used to determine plan which will minimize total distribution costs. Describe distribution plan also Show total distrib..
What are the six challenges facing managers in the workplace today? Each student is expected to discuss one of the major challenges
Illustrate what strategy would you recommend for the organization you chose depended on recent trends also changes. Explain how can these strategies improve which organization's image as a "corporate citizen" within the community.
Fun Products, Inc. is in the business of designing computer games. At the end of a particularly successful year, company management decided to throw a celebration party at which it would announce large bonuses for the entire workforce.
Explain the ethical issues surrounding the decision of whether to market the product in developing nations.
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