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Ray wishes to determine the best order size for its best-selling product. Ray has estimated the annual demand for this product is 1,000 units. His cost to carry one unit is $100 per year per unit, and he has estimated that each order costs $25 to place.(1) Using the EOQ model, how many should Ray order each time?Assume 250 work-day per year. If the lead-time is 20 days and daily standard deviation is 2, and Ray wish to provide a 90% service level,(2) What level of safety stock Ray needs to keep?(3) What is the reorder point?(4) If Ray wishes to increase the service level to 95%, then what is the new level of safety stock?
Illustrate what changes in work situation account for increase in productivity and decrease in controlled rejects.
Assume that you work for a New Zealander company exporting a container of kiwis to Azerbaijan or Haiti. The customs official informs you that there is a delay in clearing your container through customs, and it may last a month
What is the Role of Inventory Management in the automotive industry. Discuss with examples pertaining to Operations Management
Illustrate what is optimal solution. Elucidate how will spreadsheet model differ from 25 types of tables also 15 machine processes involved in manufacturing them.
Finally, she gave account to Paula, a very creative, efficient writer who has had high sales results with her last 3 clients' products. Illustrate what is Janet's management style is based on.
Companies go international for different reasons. What are the four reactive (defensive) reasons to go international? Explain.
The Super Cola Company must decide whether or not to introduce a new diet soft drink. Management feels that if it does introduce the diet soda it will yield a profit of $1 million
describe how to improve productivity in non-hospital organizations e.g. American Heart Association, Lupus Foundation, Alzheimer's Association etc.
Can Gilbert recover from Professor Keller for copyright infringement for photocopying 3 pages of Gilbert's treatise also distributing it to class for studying?
Choose a company and briefly describe its business and uniqueness in its industry. Now compare its management practices with the six principles described
Flextronics labour force improves their learning of processes at a unit improvement factor of 90%. It requisite s 120 minutes to make high speed microchips. Elucidate how many hours were saved under a 90% unit improvement factor while producing fir..
Illustrate what are the major business propositions for Woodmere and Home Help to consider in evaluating this proposal. Is time-based logistics the right strategy for each company.
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