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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?
Describe “balance billing” in the Medicare program, and discuss how it affects the financial risk confronting Medicare enrolees.
As the individual responsible for determining demand forecasts for an item within an important product line, you always exceed your superior's expectations by providing a range in addition to a point estimate of demand. What size confidence interval ..
Explain the key differences between multicultural, plural, and monolithic organizations. Discuss the difference between a stereotype, prejudice and discrimination. Next, cite (list) two federal laws that help to alleviate two different forms of emplo..
Prepare a 1,050- to 1,400-word paper in which you address the following for your selected organization.
There is a cost associated with patenting a product, and some companies produce more than one new product in a month. The products might have a short life (6 months to two years). Products with short life cycles normally are simple and easy to copy.
Now that you have created notional (simulated) data to illustrate the hypothesis testing method, apply these data to the hypothesis testing method you selected. Based on the simulated data and your hypothesis testing method, indicate if the null h..
The U.S. is experiencing increasing ethnic diversity:
i what performance measure considers the efficiency and effectiveness of employees?a. employee productivityb.
The maker of the world famous chocolate chip cookies needs to design a product layout for a new product, mint chocolate chip. the company plans to use this new production line eight hours a day in order to meet projected demand of 1,440 cases per day..
Perfect Face Cream ran a commercial to showcase its new Wrinkle-Free Face Cream. The commercial showed an older woman with severe wrinkles followed by images of that same woman after applying the cream for one month.
Why was the Securities and Exchange Commission created by Congress? What are the general purposes of securities regulation?
Obviously, there are trends, issues, etc. in the external environment (economic, demographic, sociocultural, political/legal/regulatory and technological) for your organization?
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