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The demand and supply can never be assessed exactly. There is discrepancy between actual and estimated demand and supply quantities with fair degree of uncertainty. A buffer stock can also be defined as the average stock available inventory when the fresh supply arrives. It is presumed that this stock will be able to cope with the emergency if and when experienced. Generally buffer stock is maintained at the desired level by discontinuous replenishments at varying intervals of time. Factors affecting choice of buffer stocks are uncertainty in demand uncertainty in lead times and size of the batch. The large the uncertainty associated with any factor larger should be the size.
a) Use information and technology resources to research issues in management. b) Specify clearly and concisely about management using proper writing mechanics.
Take examples of some common service-oriented industries. For example, consider a commercial airline company and a company in the hotel business. For both these companies: De
"consumer mind is a black box" discuss
Bags R Us Ltd P&L Account for Bags R Us, year ended 31 st March 2008. $ $ Sales ($35 * 3,000) 105,000
The Company have now added one more process to their product's line. The new process is to label their products to reflect their compliance to new international standards. The new
What is product development? Product Development: Product Development is an activity that comprises design and its redesign and fabrication of modified or new product and
What are the four P variables of Marketing? Four ‘P’ variables of Marketing: Marketing may be described as a human activity directed at satisfying wants and needs by exchange
BPEL is a language for relatively easy description of how web services are composed into business processes. BPEL is the first of its kind. BPEL ? Permits abstract and execut
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Question: A reinsurance company writes a book of catastrophe reinsurance contracts to an expected combined ratio of 60%. It estimates that its aggregate claims distribution is
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