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A manufacturer uses a purchase part who's demand over any time period of length t (in years) can assume to be normally distributed with mean 200t and variance 400t. The part cost $20 each. The lead-time is 4 weeks. The annual carrying cost rate is 0.2 $/$/year. All shortages are backlogged and the shortage cost is proportional to the number units short, where the backlogged cost is $16 per unit. The setup cost is $100. A reorder point (s, Q) policy is used. (Assuming 52 working weeks within a year). a) Find the optimal order quantity and the reorder point. b) Find the average total relevant cost (setup cost, inventory holding cost and shortage cost)
Stan Garner resides in illinois and promotes boxing matches for Supersports, INC. an Illinois corporation. Garner created the conect of "ages" promotion- a three fight series of bo
The case describes how quality, speed, dependability, flexibility and cost impact on the hotel's external customers. Explain how each of these performance objectives might have int
how automation helps in trends of operations management
Write a 500-750-word paper that analyzes the two leadership case studies, "Coach Knight: A Will to Win" and "Coach K: A Matter of the Heart." Address the following questions a
Recommend the most effective approach to formulating a WBS for this project.
Use this for questions 7 and 8: Your Company terminated an employee for stealing a ladder. The employee filed a grievance with the union. The union argues that the employee had ver
Historical demand for a product is:January DEMAND 12 / February DEMAND 11/March DEMAND15/ April DEMAND 12/ May DEMAND 16 /June DEMAND 15 a. Using a weighted moving average with
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Discuss what you think are FOUR (4) reasons why employees steal property (office supplies, petty cash, cheat on travel expense reports, parts/ equipment, embezzle money) from their
In a 1-2 page paper discuss the following case study by applying the knowledge you gained through this week's studies. If necessary, you can conduct outside research to locate info
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