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The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons. It takes four days for an order to be delivered. Safety stock is 54 gallons, which provides a stockout risk of 9 percent. What amount of safety stock would provide a stockout risk of 3 percent? Assume normality.(Round your intermediate calculations and final answer to 2 decimal places,)
Illustrate what problems might an organization encounter in doing AAP that it might not encounter in regular staffing planning.
If a supervisor is a permissive supervisor some pointers on how to deal with that or if a supervisor does all the work, goes behind subordinate and correct mistakes, A supervisor that talks bad about his company and sides with subordinates. What woul..
Skinner's fish market buys fresh boston cluefish daily for $4.20 per pound and sells it for $5.70 per pound. At the end of each business day, any remaining bluefish is sold to a producer of cat food for $2.40 per pound. Daily demand can be approximat..
Research management's role in the technology on mobile devices and the benefits of it that support the organization's quality initiatives. In a health care setting, organization or hospital.
What are pros and cons of an outcome-oriented culture? When bureaucracies were first invented, they were considered quite innovative. Do you think that different cultures are more or less effective at different points in time and in different indu..
Explain the different types of costs related to inventory planning. Explain the trade-offs involved in the economic order quantity. How do these change when quantity discounts are considered?
Carefully read the following quote from Oprah Winfrey: ""Luck is a matter of preparation meeting opportunity."" What do you think the speaker was trying to say about the notions of luck and opportunity? Do you agree or disagree with the speaker? In a..
Cost Accumulation for batch-production operations or Job shopActivity-based Costing Systems
While there are many instances of overlap between financial accounting and management accounting, each group’s primary focus is different. Review the Institute of Management Accounting’s (IMA) website, specifically the “About IMA” and the “Resources ..
Which of the following is NOT a step for developing benchmarks?
How many hours did the average laborer worked that month?
he student will submit a research project that compares and contrasts two organizations in the same sector (Career Education Corporation and the Apollo Group Inc. or any other that you prefer), including analysis of the following criteria: legal, ..
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