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A retailer sells handmade teak folding deck chairs at an average rate of 2 per week. The lead time from the craftsman is 8 weeks. a) What is the average demand during the replenishment lead time? If we set the base stock level equal to average lead time demand, what will be the fill rate? b) Suppose that the standard deviation of demand during the lead time is equal to the square root of average lead time demand. What base stock is needed to achieve a fill rate of 95 percent? What is the reorder point for this base-stock policy? c) If we left ROP at the level in part b) but ordered chairs in batches of 2, would the fill rate increase or decrease? Why?
Describe the advantages and disadvantages of Portfolio Analysis, as it pertains to the BCG Growth-Share Matrix. Explain how Corporate Parenting can contribute to an effective corporate strategy. Discuss how it can relate to a SWOT analysis
Bogart owed several debts to Security Bank & Trust Co. and applied to the bank for a loan to pay the debts. The bank’s employee stated that he would take the application for the loan to the loan committee and “within two or three days, we ought t..
The Chinese workers agreed to wear the white uniforms if they could wear gray caps. The compromise made everyone happy. This cultural sensitivity is an example of how manipulates organizations.
Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples. Respond substantively to ..
The company is a manufacturing firm with annual earnings in excess of $350 million.
Discuss the speed of airfreight transportation in terms of the line-haul and accessorial service.
The growth in the use of 3PLs has been steadily increasing over the past decade. As stated in the text, there are often good reasons to outsource all or part of the transportation function, but there are also downside risks. As the VP for Logistics i..
What are the key success factors for competing in the supermarket industry in Sonoma County. What is your assessment of Oliver's financial performance and financial condition. Is the company in good financial shape? Why or why not
Earlier you developed a project activity list and sequenced it using a network diagram. In this application, you will use those results as inputs to developing a project schedule.
how can a simulation be utilized to test ideas while keeping costs manageable? If a simulation is used, what steps are needed in order to have a successful model?
How do the reach and control of marketing communications in owned, paid, and earned media differ? Why must advertisers be concerned about both the effectiveness and efficiency of media buys? In what ways do companies use the Internet for marketing pu..
The following are the limitations of Michael Porter's five forces model. Please elaborate on each one: 'Five star' industries are rare in the real world. The model fails to account for the impact that radical change and innovation can have on an indu..
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