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One of the hot sellers for the Wonka Toy store is the Chocolate Factory Board Game. The store uses a periodic review inventory system. The review period for the board game is 1 month, while the lead time to obtain the board game is 1 week. The demand for the board game is normally distributed with a mean of 800/month and a standard deviation of 20/week. If the store uses a target inventory of 1055, what service level is being achieved? (Assume there are 4 weeks in a month).
Harvey Gold, the owner of Harvey's Specialty Shop, orders an unusual olive from the island of Santorini, off the Greek coast. Over the years, Harvey has noticed considerable variability in the time it takes to receive the orders of these olives. On average, the order lead time is four months and the standard deviation is six weeks (1.5 months). Monthly demand for the olives is normally distributed with mean 15 and standard deviation 6. Harvey is willing to accept no more than a 6 percent risk of stockout during the leadtime. Determine the Reorder point (ROP) for this data?
Continue by examining and evaluating a single case of an FTA or customs union that you find interesting. How did it form; is it beneficial to all parties; how does it interact with the GATT and other WTO member states
Define the following concept and name an actual or hypothetical example of each: Horizontal marketing system, Vertical marketing system
Complete a Financial Risk Assessment for acquiring the new technology company by identification and explanation of at least four risks which could impact your organization.
How does the performance management system work? Can the way the feedback mechanism presently used be improved? If you were the supervisor at your workplace how would you involve the employees in setting the performance standards so that the employee..
Consider a repeated game between a supplier (player 1) and a buyer (player 2). These two parties interact over an in nite number of periods. In each period, player 1 chooses a quality level q ∈ [0, 5] at cost q. Calculate the efficient quality level ..
Paradise Adventures just paid a dividend of $2.00. They are growing rapidly and are expecting to grow dividends at 20% for the next two years and then 10% in the third year before reducing the dividends to a constant growth rate of 3%. If the require..
What are some ways that technology can help companies and leaders to manage compensation, benefits plans, and associated costs? How does managing employee compensation relate to overall business goals? Provide examples from a managerial perspective. ..
Which sentence is best to describe what Bill will do to fix his torn motorcycle seat?
The Mobile Oil company has recently acquired oil rights to a new potential source of natural oil in Alaska. The current market value of these rights is $90,000 (Company can sell the project for $90,000). Alternatively, the company can pay $30,000 to ..
Create a five-paragraph policy for out sourcing. Relate your policies to the five major course outcomes: Distinguish how organizational policy affects information technology security. Evaluate the manager’s role in the appropriate integration of tech..
Gabriela Manufacturing was able to find out a new supplier which would give the item for $1.80 per unit with an annual fixed cost of $200,000. Should Gabriela Manufacturing in source or outsource the item.
How are PMO project selections aligned with the organizational strategic vision of their organizations? As the new VP for your company starting a PMO, what are some of the skills and talents that you would hire into this department? Share your ration..
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