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Demand for an item is Normally distributed with a mean of 1,000 units a month and a standard deviation of 100 units. Currently they check stock every three months and lead time is constant at one month. They wish to maintain a 98% service level and the holding cost is $20 a unit a month. They are considering increasing the review period to every four months. Quantify the resulting change in their inventory costs.
Briefly describe an individual's legal alternatives when he is positive that his employer has not promoted him because of his national origin. Does the alleged discrimination automatically produce a lawsuit?
In each part, compare the two queuing systems described mathematically. Specifically, compare the utilization of, average waiting times of, and the average number of people in the systems. The first queuing system is two M/M/1 (one server) systems: t..
Conduct research on organizations that rate companies on a specific facet of social responsibility. Explain how do they assess the companies they rate.
Analyze your college or workplace using Weber's model of bureaucracy. What elements (efficiency, calculability, predictability, and control) of McDonaldization do you see? Do you wish life were less McDonaldized? Why or why not?
Do management's results outperform (ex have smaller MAD and MAPE than) a naive forecast?
problem risk poolingthe sweater factory stocks specialty cashmere sweaters that carry the university of georgia logo.
In the first year, total sales amounted to $3477248. Warranty costs incurred to service products under warranty was $32450. What is the warranty expense for the first year?
Wally and Beaver were general partners in a car dealership. Using the partnership name, Wally entered into a contract to purchase 30 used cars from Car Lots.
Assumes that Fred , the owner of a bicycle store, sells second-hand motorcycle to Wilhelm. To prove that Fred was a merchant for purpose of the UCC, Wilhelm would have to demonstrate that Fred; Enjoyed riding motorcycles every weekend,
What type of situation or activity do you find yourself avoiding a situation? What can you do to find the courage to move forward? Explain.
A produce distributor uses 710 packing crates a month, which it purchases at a cost of $10 each. The manager has assigned an annual carrying cost of 35 percent of the purchase price per crate. Ordering costs are $28. Currently the manager orders once..
Correctly complete the following statement. Quality Function development is a tool for
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