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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?
Part 1 of the Final Project, due at the end of this unit, requires you to describe and draw a flowchart of the sales or purchasing process at your organization (or MCDONALDS).
How might a company’s strategies to prevent occupational accidents differ from a program to prevent occupational disease? In what ways might the programs be similar?
A motel has 70 rooms it usually rents out, in the following proportions: 45% singles at: $48.00 per night 35% doubles at: $62.00 per night 20% triples at: $72.00 per night The
A 200 room hotel has an annual fixed cost of $1,050,000 and a net income goal of 12% return on investment $5,000,000. With an average room rate of $78 and average variable cos
What do you think about case studies? Do you enjoy them? Could you see yourself writing a case study, perhaps as a learning tool in your organization, for your direct reports,
The problems of many firms may be attributed to a "traditional" control system that failed to continuously monitor the environment and make necessary changes in their strategy
Write the Network Security Policy section of the Information Security Policy of the bank. Include the following: Network access, Network security control devices. Compile all
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