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Annual demand for a product is 13000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100. The replenishment lead time is 4 weeks. Annual carrying cost is $0.65/unit.
a) To provide 98% service level what must the reorder point be?
b) If a new safety stock policy is being considered that reduces safety stock by 100 units, what is the new service level?
Calculate the overall proportion of "tourists" (cars with out-of-state plates) and the standard deviation of proportions. Using limits, calculate the LCL and UCL for these data.
Calculate the productivity in terms of revenue per dollar of input. (Round your intermediate calculations and final answers to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)
The CEO of your organization has developed two potential plans to help the organization cut costs. The CEO has asked you to form a group; the members of the group are to represent a cross-section of all the departments within the organization.
Construct a process flow chart showing times and all flows and how long does your process take after you have minimized the total time by doing as much concurrently as you can?
Discuss the strategies that you might use in addressing both goals and what would you develop, implement and measure to ensure successful accomplishment of these goals?
Use the general birth-death process to determine 1) the expected number of customers in the shop 2) the probability that the manager will be helping serve customers and, 3) the probability that the store is full.
What additional annual cost is the shop incurring by staying with this order size? Other than cost savings, what benefit would using the optimal order quantity yield?
The total output from a production system in one day is 900 units and the total labor necessary to produce the 900 units is 900 hours. Using the appropriate productivity measure, what is the resulting productivity ratio? 1.000 1.428 0.700 0.411 N..
Explain why do inventories cost so much to maintain. Give some examples of explain how cost is associated with carrying an inventory. Is re anything we can do to lower this cost and if so, illustrate what.
Illustrate what kind of behaviour controls will best facilitate positive interactions both within the teams also among the teams.
Identify a change that is needed in your healthcare organization. Using the change process, outline the steps you would take to initiate change. Explain how you would deal with resistance to the change.
set of guidelines for accessing content from the Internet and communicating (e-mail) over the Internet and guidelines for the protection
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