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The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit. Find the reorder point necessary to provide a 98% service probability.
Suppose the production manager is asked to reduce the safety stock of this item by 50%. If she does so, what will the new service probability be?Type your question here.
What is the difference between the operations management chain for both goods and services and is there a difference between the management of goods and services?
How are service levels established? Recommend why a negotiation strategy to achieve the performance level that was an industry standard versus a corporate standard would be in the best interest of both parties.
Solve the following linear programming problem graphically using the corner-point method. What are the X and Y values that maximize the profit?
They warn that products like Coke Zero will cannabalize lost market share from other soft drink categories instead of increasing the number of consumers overall. Which Coca-Cola products are most likely to lose customers to Coke Zero?
Explain how the continuing mobility of US consumers as well as the development of big metropolitan areas should affect marketing strategy planning in the future.
Create a work breakdown structure (WBS) for a project you have involved in professionally, or a common activity around the house that would span more than one month.
Expected value for the build new plant option.
should this expense be considered unusually high ( and possibly worthy of investigation by the company)? Explain your answer. d. Compute and interpret the z- score for each of the six entertainment expenses.
Describe at least two actions a manager can take to protect her- or himself and the organization she or he represents from a tort lawsuit.
Elucidate how would you have assessed the feasibility of this venture when the idea first came up? Elucidate how ‘risky' would you have considered the project that implemented this idea.
The home goods department of a large department store sells 175 units per month of a certain large bath towel. The unit cost of a towel to the store is $2.50 and the cost of placing an order is estimated to be $12.00.
The average arrival rate is 12 students per hour also the average service rate is 20 students per hour. Illustrate what is the utilization factor.
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