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Nara is a fashion apparel and accessories chain store that procures a line of new shorts at $10 each from its European supplier. Unfortunately, at the time of order placement, demand is still unknown. Nara forecasts that its demand is normally distributed with mean of 2100 and a standard deviation of 1200 units. Nara sells these shorts at $22 each. Unsold shorts have little salvage values and they would be donated to charity. Based on this information: How many shorts should Nara buy from its supplier to maximize expected profit? If Nara wants to ensure a 98.5% in-stock probability, how many shorts should it order?
Explain how many pins should you buy also have on hand for the event. Does the decision change if you exchange the probabilities for 400 also 500. If so, illustrate what is the change.
investigate the degree to which human resources are related to the other factors project management product design
Create a project charter and identify the key constraints of the project (scope, budget, timeline, quality, people resources, etc.). Using the scenario from this unit, create a spreadsheet that lists all the project risks you see based on what you ..
How did the traditional system of tonality break down in the early 20th century and what replaced it?
Find the optimal solution using the graphical method (the number of products manufactured and maximum profit to be achieved). Find the optimal solution by making use of Excell solver.
Organizational objectives and supply objectives typically are expressed:
All the following are true regarding DBR except: According to TOC, when a constraint is internal we should evaluate product mix decisions based on:
Write a journal entry that explores the topics or assignments covered in this module. Topics include: project planning, project managment systems, Example question: What kinds of questions needs to be addressed in order to measure project success
Research and find an example of fraud by an organization and discuss the response of the organization.
Discuss sociotechnical systems theory and contrast it with the open systems theories of organization development?
If average service time is 10 minutes and the average number of arrivals per hour is 12 guests, explain which system results in the lowest customer waiting time.
responsible for monitoring and controlling strategic plans
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