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Daily demand for a product is 140 units, with a standard deviation of 15 units. The review period is 15 days and the lead time is 6 days. At the time of review there are 20 units in stock.
If 99 percent service probability is desired, how many units should be ordered? (Use Excel's NORMSINV() function to find the correct critical value for the given ?-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.)
Use the Internet to research companies that utilize external recruiting processes. Next, based on your research, provide three (3) characteristics of a job where external recruitment would be ideal. Next, determine two (2) advantages and two (2) disa..
If you were to start your own business, which business entity structure would you choose? Justify why your chosen structure is the best organizational form.
Refer to Problem. Develop a forecast for years 2 through 12 using exponential smoothing with α= .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and the naive forecast. Based on a visual inspection, which f..
In June 2002, the WTO extended the transition period during which least-developed countries (LDCs) had to provide patent protection for pharmaceuticals. In your opinion, was this an appropriate change in policy or a dangerous precedent? What could be..
Kent is associated with “deontological” reasoning (contrasting the consequentialist’s logic). He argued that a rational person making a decision about what would be good to do would consider what action would be good for all members of society to do...
Determine three obstacles for an organization to manage risk effectively. Suggest strategies from the perspective of a project manager to avoid the obstacles.
Develop the risk management plan for your project proposal.Continue developing the comprehensive project proposal outline.
What is the role of public relations within an organization’s integrated marketing communications (IMC) plan? Evaluate how the success of a PR campaign can be measured.
What is blue ocean thinking? Background of the blue ocean strategy
How are the Baldrige Principles evident in your workplace, a self owned business, ( bakery). Which ones are most prominent?
The New City council recently passed an ordinance revising the hiring criteria for public transportation workers. The criteria apply to those who operate and maintain public transportation equipment, but not to those on the City’s Public Transportati..
From an internal, operational perspective, if JIT is strictly adhered to, what is one downside to making everything literally "to order?" How exactly does a Kanban system of visual scheduling work?
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