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A service station uses 1,200 cases of oil a year. Ordering cost is $40, and annual carrying cost is $3 per case. The station owner has specified an annual service level of 99 percent. What is the risk of a stockout during lead time? (Round your answer to 4 decimal places.) What level of safety stock is appropriate if lead time demand is normally distributed with a mean of 80 cases and a standard deviation of 5 cases? (Round your answer to 2 decimal places.)
In a strong-culture company A Values and behavioral norms are like crabgrass — deeply rooted and hard to weed out B There is wide support for high ethical standards among both managers and employees
Discuss the implications of transitioning to a bath size of 10 for frozen cakes and 5 for fresh cakes. What would need to be changed?
Having an agreement between partners is one way to reduce potential problems. The Articles of Partnership is a legal agreement between the parties. If you were to create one of these documents - what elements would it include and why?
Monte Hall Problem. Suppose you're on a game show, and you're given the choice of three doors: Behind one door is a car; behind the others, goats. After you pick a door, say No. 1, the host, who knows what's behind the doors, opens another door, say ..
what is the standard deviation, mean, and variance of a Poisson distribution with an arrival rate of 21 customers per hour? This is a M/M/1 or M/G/1 service model, and CVa=1(coefficient of variation of arrival).
Decribe how the primary responsibility for managing work-related stress lies with the individual employee ,include in your response how the individual and organizational "coping strategies" may fit in.
The art of a leader managing the meaning of a vision for followers and aligning it with his or her values is called scripting. performing. staging. norming. framing.
IBM and Xerox flourished during the 80's with new office machines. How do you think the companies handled the change in the work environment? Why or why not. Cite an example for each company. Try to recall a change in your organization. How did the e..
Identify a contemporary management challenge (e.g. diversity, globalism, ethics & social responsibility, etc.). Then, identify a company or organization that you believe has been impacted by this contemporary challenge. Write a minimum four page p..
Write a paper of no more than 1,400 words that evaluates alternatives an organization must consider to realize growth. Identify the best value discipline, generic strategy, and grand strategy for your organization.
Lori produces “Final Exam Care Packages” for resale by her sorority. She is currently working a total of 5 hours per day to produce 100 care packages. Identify how changes in the external environment affect the OM strategy for a company. For Instance..
To meet growing customer demands, ACME Dental Products will begin doubling production of its line of cast iron, lead-plated dentures. They utilize a lead plating bath with 95,000 mg/L lead and a dragout rate of 0.15 L/min.
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