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The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit.
A) How much to order: Find the optimum ordering quantity.
B) When to order: Find the reorder point necessary to provide a 98% service level.
C) Suppose the production manager is asked to reduce the safety stock of this item by 50%. If she does so, what will the service level be?
The following data were obtained from a project to create a new portable electronic. Construct a network diagram. What is the Scheduled Completion of the Project? for the project.
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Demand for devil’s food whipped-cream layer cake at a local pastry shop can be approximated using a Poisson distribution with a mean of five per day. The manager estimates it costs $8 to prepare each cake. Fresh cakes sell for $14. Day-old cakes sell..
List five important differences between goods production and service operations; then list five important similarities.
lazy b ranch produces leather hides for use in the furniture and automotive upholstery industry. the company has taken
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Think about the three styles of leadership (autocratic, participative, entrepreneurial) and discuss a leader (without using names) you have personally known with one of the leadership styles and explain if the style was effective.
Green Grocery Company employed Jones as its manager. Jones was given authority by Green to purchase supplies and goods for resale and had conducted business for several years with Brown Distributing Company. The advertising did not develop, and Jones..
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