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Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.65 per unit. To provide a 98 percent service probability, what must the reorder point be? Suppose the production manager is told to reduce the safety stock of this item by 100 units. If this is done, what will the new service probability be?
How does the concept of risk differ for an insurance company as compared to another type of corporation or individual? Make sure to include the impact of the law of large numbers.
Discuss the types of evidence that you would look for in order to determine whether a needs analysis has been improperly conducted. How would you know? Why?
Shoney Video Concepts produces a line of video streaming servers that are linked to personal computers for storing movies. These devices have very fast access and large storage capacity.
Consider a "professional services pyramid" like the one pictured below, and assume that the firm only does entry-level hiring (that is, all managers and partners are promoted from within). Suppose that the number of juniors, partners and managers re..
Joseph Conklin proposes 10 questions for self-examination to help you understand your capacity for leadership. Answer the following questions, and discuss why they are important for leadership. How often do I have to repeat myself? Do I tend to favor..
The part in question, 3079, is used in two different subassemblies: no. 435, which is used in the Gemini TV stand, and no. 257, which is used in the Saturn microwave stand. One of part 3079 is used in each subassembly, and one of each subassembly ..
A project at day 70 exhibits an actual cost of $78,000, a scheduled cost of $84,000, and a value completed of $81,000. Find the schedule and cost indices.
Define emotional labor requirements. Give two examples of jobs where positive reactions on-the-job are required for job success, regardless of job circumstances.
Capacity management in businesses is a function of their operations and environment. In today's business world, evaluating and managing capacities is becoming significantly more difficult. Therefore, managers need to do a balancing act to reduce c..
Your management team has been retained by a senior manager who is concerned about the effectiveness of his managers and their leadership abilities.
The highest use of mobile phones during shopping is to
Describe how you might either use “The Power of Leverage” or refine your ability to “See The Forest AND the Trees” with regard to your education at this point in time.
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