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The weekly demand of a certain consumable item XYZ at NAS North Island follows Poisson distribution with a mean of 5. The demand at NAS Miramar follows the same distribution with the mean of 6. Assume that the inventory is monitored continuously and the order lead time is 3 weeks. (a)What is the required stock level at the beginning of the week to maintain the service level at 98% (use z=2.05) at both places? (b) What is the required stock level if the above two NAS’ are consolidated?
What is the firms labor hours productivity after the changes - what is the percent change in the multifactor productivity before and after the changes?
An insurance company processes two types of claims: Life and Property. The capacity of the processing life claims is 500 units per month. The capacity of processing property claims is 1,000 per month
What does a company gain by disclosing to employees its intent to initiate a monitoring policy?
What would be some examples of induction, deduction, argument and hypothesis from real life or from your professional life?
Is the operations layout likely to be the same or to be different at Ohori's and Folgers? Why? Using the product-process matrix, which processes are likely to be used by Ohori's and Folgers? Why?
Compare Plato’s and Aristotle views on democracy. Be sure to explain their respective views of democracy. What role does happiness or the good life play in Aristotle’s political theory? Why does Plato think that the state should engage in censorship ..
In a traditionally structured organization, the plans and goals that affect the entire organization are made by _____________ Randy Root Beer brand, best known for high-end raspberry root beer, offers consumers unique products that customers value an..
Design a program that calculates the average number of days a company's employees are absent. The program should have the following functions.
What are some of the non quantitative factors in valuing a business?
This activity requires you to write down a Research Paper on the subject of your choice in Technology and Innovation Management.
Given a real discount rate on Japanese government bonds of 6% during this period, by 1970 was the cost to Japan of protecting this industry recovered due to its improved long run productivity compared to having imported cars from the US?
Suppose that a firm is considering opening a plant in China, and the current exchange rate is 5.25 Chinese Yuan (CNY) per dollar. Also, the Chinese wage rate is 6.3 CNY per hour. Suppose further that U.S. workers can produce 4 units per hour, while w..
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