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The daily demand of a product is very stable at 250 units per day. However, its delivery lead time varies and can be specified by a normal distribution with a mean lead time of twelve days and standard deviation of three days. What are the safety stock and reorder point for a 97.5 percent service level?
Pretend you became a health services administrator, how would you manage a medical practice? Address: 1. How you would decide who to hire and let go
"Managers at iGlobal, an IT solutions company, are faced with the dilemma of an inactive business line. The product line was launched seven years back but it could not respond to changing demands and trends
Read the Heynold and Rosander article (next in Course Content) and discuss the basic design differences between the two organizational structure models presented, address how each model affects managerial/organizational authority and control, and say..
Construct scatter plots of Demand vs DIFF and Demand vs. ADV, Demand vs. AIP, and Demand vs. Price. Observe the graphs and provide interpretation.
Audits are commonly associated with the financial and accounting records of the business. Using the publicly available financial statements of Mcdonald's, evaluate how the strategy has either improved or degraded the financial performance of the c..
What decision would an optimist make? Why?
What order quantity would you use if the objective is to minimize total annual costs of holding, purchasing, and ordering? Assume ordering cost is $80/order.
A quality manager is developing a regression model to predict the total number of defects as a function of the day of week the item is produced. Production runs are done 10 hours a day, 7 days a week. The dependent variable is __
An HMO requests your hospital services for its obstetrics division. It offers to pay your hospital $2,000 for a vaginal delivery without complications (DRG 373). You look at the Standard Test Procedure (STP) for this Diagnosis-Related Group (DRG) and..
A local nursery, Greens, uses 2184 bags of plant food annually. Greens works 52 weeks per year. It costs $8 to place an order for plant food.
Visit the U.S. Small Business Administration website. Under the "Starting and Managing" tab, click the "Choose Your Business Structure" link. Different business structures will be listed there.
what are two major environmental changes that you expect to have an impact on your organization over the next 5-10
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