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A local bar serves a premium draft beer to its customers. The daily demand for beer is assumed to follow a normal distribution with a mean of 80 litres and a standard deviation of 16 litres. The lead time required to receive an order of beer from the local distributor is 12 days. Determine the safety stock and reorder point if the bar wants to maintain a 90% service level. What would be the increase in the safety stock if a 95% service level is desired?
What is the agency problem? What steps can be taken to solve it? Why is it important for managers and organizations to behave ethically?
Find the shortest route from Node 1 to Node 6. From Node To Node Distance 1 2 150 1 3 200 2 3 100 2 4 200 2 5 50 3 4 350 3 5 300 4 6 100 5 6 100 Which Answer is it? 300 450 550 650
How can controlling help a manager to become more efficient?
Watch the video, How to Perform a SWOT Analysis, and then conduct a SWOT analysis using the Starbucks' Global Quest 2006: Is the Best Yet to Come? case provided in the Course Mater
Chase Plan The workforce size is varied as per to demand keeping the use of workers and inventory size constant. During months of low demand the workforce size is decrease and
The Outdoor Furniture Corporation manufactures two products, benches and picnic tables, for use in yards and parks. The firm has two main resources: labor and redwood. A linear pro
Benefits of outsourcing and how to improve capacity using ratio rastionalisation and sub contracting
1) Company A wants to discourage unionization through the United Technical Workers of America. True or False: In order to do so, it can initiate an organizing campaign for the Tech
1. Construct and inspect a control chart for the packing slip data. 2. Construct a Pareto analysis of the errors. 3. What information might a separate chart for each error ca
A firm that operates 300 days in a year and uses a level material usage approach has collected the following data: Annual Demand = 30,000; Daily Demand = 100; Daily production= 300
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