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During the winter season, the weekly demand for road salt in a small community is Normally distributed with a mean of 800 pounds and a standard deviation of 200 pounds. It takes one week lead time to get more salt delivered. To achieve a 99% service level, what should be the reorder point? What are the service levels (probability of not having a stock out) if the salt is reordered when the inventory level drops to (a) 1200 pounds (b) 1000 pounds (c) 900 pounds (d) 850 pounds (e) 800 pounds. Reorder point to achieve 99% service level = ______________ Reorder point Service level 1200 1000 900 850 800
Outline the major theories of organizations. Describe the techniques of managing change
Examine the best business organizational form for the business that you have described, including in your examination personal liability exposure, management, taxation, and ease of formation.
You own a semipro baseball team (in the location of your choice) and you want to construct a new practice field. You own the land already (20 acres). The land is relatively flat and it has only a few dilapidated structures (barns) and trees on it. Co..
Discuss the importance of Quality Control within logistics (Supply Chain), and demonstrate critical thinking
How many machines are required if the operations manager decides to double lot sizes?
The hot topic on the news for several days now is the 700 billion dollar plan to save the economy from tanking. Google: Community Reinvestment Act and read Wikipedia entry about the act. This Act is the foundation for the difficulty we have now. What..
Locate an organization that has used vertical integration as a supply chain strategy. Describe in detail why you believe vertical integration was/was not the appropriate strategy.
Consider the following constraints a two- variable liner program.
A bank can invest in 2 portfolios. Each requires $100 million to be raised either through debt or equity. One portfolio contains only safe assets and pays a certain gross return of $118 million. Which portfolio makes the most sense from society's sta..
Given that a worker is involved in an exercise program, illustrate what is the probability that he or she will be a cold next yr.
With social media proving to be a cost-effective way to attract park visitors, should SeaWorld abandon its other promotional efforts and focus everything on social media? Why or why not? What steps can SeaWorld take to maintain a relation-ship with c..
What is the break-even volume given insurance costs of $30,000, materials costs of $6 per unit, fix taxes of $10,000, labor costs of $34 per unit, and a selling price of $80?
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