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After graduation, you decide to go into a partnership in an offi ce supply store that has existed for a number of years. Walking through the store and stockrooms, you fi nd a great discrepancy in service levels. Some spaces and bins for items are completely empty; others have supplies that are covered with dust and have obviously been there a long time. You decide to take on the project of establishing consistent levels of inventory to meet customer demands. Most of your supplies are purchased from just a few distributors that call on your store once
every two weeks. You choose, as your fi rst item for study, computer printer paper. You examine the sales records and purchase orders and fi nd that demand for the past 12 months was 5,000 boxes. Using your calculator you sample some days' demands and estimate that the standard deviation of daily demand is 10 boxes. You also search out these fi gures: Cost per box of paper: $11. Desired service probability: 98 percent. Store is open every day. Salesperson visits every two weeks. Delivery time following visit is three days. Using your procedure, how many boxes of paper would be ordered if, on the day the salesperson calls, 60 boxes are on hand?
Formulate and solve a spreadsheet model for the shortest path problem, shown below, starting from ORIGIN and ending in DESTINATION. Distances between points in miles in parentheses are shown next to arcs.
What critical errors do you see in the initial planning phase of the Clean-Air Carpet Cleaning Company. What economic factors do you think Susan, Frank, and Jimmy should have included in their plans for the Clean-Air Carpet Cleaning Company
Explain the distinction between intrinsic and associated value. Use examples. Describe four things that audits of a company's writing should look for. What does it mean to deliver A-plus information? Why does this offer an opportunity for building be..
Explain the current global economy, the motivational/risk factors affecting H-D, and their competitive advantage. Determine and explain entry strategies for global expansion and recommend Internet approaches for H-D.
What do good leaders do. Provide some examples of the characteristics that a leader portrays to other. How to value leaders. What do you think
write a paper of no more than 1400-words that includes the followingdetermine riordans manufacturing strategy chase
cheers inc. operates as a partnership. now the parents have decided to convert the business into a regular corporation.
How can the concept of span of control and grouping similar functions be utilized with an Aviation predictive maintenance approach
Should a manager be concerned with the grapevine within his or her organization? Why or why not? How does the grapevine develop? Is the grapevine a valid communication process? Should it be controlled, used, tolerated, or ignored? What are the pos..
Compare and contrast needs-based theories of motivation. Which offers the most value to healthcare managers?
Suppose JJ has only 20 necklaces available to sell next month. What price maximizes revenue, and what is this maximum revenue next month?
Find a random number generator and create simulated data for not more than 25 participants (test subjects) in the study using the ranges of values for the variables you established above.
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