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A sporting goods company has a distribution center that maintains inventory of fishing rods. The fishing rods have the following demand, lead time, and cost characteristics: Average demand = 100 units per day, with a standard deviation of 12 units Average lead time = 12 days with a standard deviation of 2 days 250 days per year Unit cost = $25 Desired service level = 95% Ordering cost = $50 Inventory carrying cost = 20% The basic question: How many fishing rods should the distribution center carry to provide the desired service level? There are, of course, many other specific questions, such as EOQ? Average cycle stock?
Does the way that contemporary organizations are structured appeal to you? Why or why not?
What is the order quantity and when should the manager reorder - The company operates 50 weeks a year, and the weekly usage rate is normally distributed with an average of 60 units, and a standard deviation of 4 units per week. If the annual holdin..
The Conference Board reported that between 1987 and 2009 four key indicators of job satisfaction declined dramatically; (a) Interest in their work, down 18.9 percent; ( b) Job security, down 16.5 percent; ( c) Interest in co-workers, down 11.6 percen..
Consider the everyday task of getting to work on time or arriving at your first class on time in the morning. Draw a fishbone chart showing reasons why you might arrive late in the morning.
UDI Pharmaceuticals orders its antibiotics every two weeks (14 days) when a salesperson visits from one of the Pharmaceutical companies. Tetracycline is one of its most prescribed antibiotics, with average daily demand of 2,000 capsules. UDI uses Fix..
What are the advantages and disadvantages of management by objectives (MBO)? Does your company use some type of system like this? If yes, does it work? If not, why doesn't your company use a system like this?
Suppose that arrivals to a hairdresser follow a Poisson process with mean 12 customers per hour. Calculate the probabilities of
Using the Six Sigma DMAIC process, develop a new process design for the production of the Riordan electric fans. Be sure to take advantage of any global opportunities available to Riordan, such as lower labor costs.
Choose a major capital piece of equipment to be used in the radiology department of a hospital (e.g., CAT scan, MRI, nuclear medicine camera, etc.). Next, research and choose a vendor. Vendors such as GE, Siemens, or others can be located on the I..
history of fire safety in healthcare premises, legeslation requirments such as, BS, Aproved Document B. evacuation problems faced the stratigies
While developing x-bar and R charts, the manager took 10 samples each of size 6. The average of sample means was 3.2. The average range value was 0.6. What will be the value of UCL for the R-chart?
Now that you have created the work breakdown structure and received approval to begin scheduling the office move, your manager, Steve Spaniels, would like to review a network diagram and present it to the CEO. Calculate the forward pass and backward ..
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