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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?
How do the moving averages for the same values of m compare between a trend-moving average and a centered-moving average
You were recently hired as a new manager in a company. You are fresh out of business school and have few management skills. More importantly, you know that your role will also involve inspiring your department's employees. You have been told that ..
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question 1a company has actual unit demand for three consecutive years of 113 143 and 199. the respective forecasts for
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international parity relationships and forecasting foreign exchange rates please respond to the followingfrom the
If the machine is in bad condition, it produces 60 tools per day. On the average, how many tools per day are produced?
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