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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
In the first part of the semester, we discussed management functions – planning, organizing, leading, and controlling. Apply these functions to the technology function of rese
Garden Variety Flower Shop uses 670 clay pots a month. The pots are purchased at $2.40 each. Annual carrying costs per pot are estimated to be 10 percent of cost, and ordering
Develop a high level performance management cycle plan (4-5 pages). The plan should contain an introduction and conclusion that makes relevant connections to course objectives
Burger Prince buys top-grade ground beef for $1.00 per pound. A large sign over the entrance guarantees that the meat is fresh daily. Any leftover meat is sold to the local hi
Based on this...You are the marketing expert for a consulting firm hired to develop a marketing plan for a new tourist restaurant in Florida based on a magical fantasy-type th
In a particular section of Progressive Field, there is one “family restroom” (where a mom can take her young son to the bathroom). The time between customers is 7 minutes. The
Forecasting is an essential tool making orders and projects consumer demands for products. In the case of Kentucky Swamp Brew Beer, how I would use forecasting to help determi
You are an "up-and-coming" analyst at a local manufacturing company that upper management has been considering for a management position. Your company and the current manageme
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