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A base stock system is used to control an item in a retail store. The demand for this item is Poisson distrubiton with a mean of 2 oders per week. The numbers of orders in a week is assumed to be exponential distribution with a mean of 1 week. The cost of this item is $60 and the inventory carrying cost rate is 0.2
The salesprice is $90 and the time dependent storage cost is $12. What is the optimum base stock level?
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Illustrate what value would this information provide the organization. Illustrate what are the privacy problems raised by collecting such data.
In the past few years, the traffic problems in Lynn McKell's hometown have gotten worse. Now, Broad Street is congested about half the time. The normal travel time to work for Lynn is only 15 minutes when Broad Street is used and there is no congesti..
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Use an ? of 0.1 and a B (beta) of 0.2 to make a forecast for july and august. Calculate the MAD for your january through june forecasts. 15 demand units for January, 18 for february, 22 for march, 23 for april, 27 for May, 26 for june.
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If managers frequently use experience and intuition to make complex, nonprogrammed decisions, how do they apply evidence-based management
Visit any retail establishment of your choice in order to assess how the organization has implemented the generic marketing strategy and the segmentation strategies
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