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Question: New Time Videos (NTV) is a new online video rental service. In the field, it is trying to compete by offering its customers access to all of the major new video releases in one business day. That is, if you order a video from NTV, you can expect it in one business day from the time when you placed the order. When you are done with the video, you simply drop it in the prepaid mailing envelope and return it. All videos arrive in a sorting facility located in the Midwest where envelopes with the videos are opened, checked (right video with the right sleeve, no scratches, no cracks, no dirt on the videos), and made ready to be sent out again. As the manager of this facility, your goal is to turn the returned videos around in 6 hours (a shift is 8 hours long). You have the following information:
Inventory of videos: 450,000 per shift
Throughput: 325,000 per shift
a. Calculate the expected average flow time
b. What changes would you recommend to meet the goal of processing a returned video within 6 hours?
Analyze the impact of revenue cycle on cash budget and the crucial impact on working capital. Discuss the various costs and their relationship to planning, budgeting, and control.
The annual demand for a product is 15,000 units. The weekly demand is 288 units with a standard deviation of 80 units. The cost to place an order is $32.00, and the time from ordering to receipt is six weeks. The annual inventory carrying cost is $0...
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Explain the Sustainability of Strategic Change concepts in detail and how they benefit the company?
Dr. Thomas spends 30 workdays with his parents in Greenbay a year on vacation. He also looses 2 hours of potential work time each day due to electronic medical record keeping (He blocks these 2 hours in his schedule, so no appointments are availabl..
Identify the critical role of inventory management for balancing the investment costs with customer service. Identify and describe the four types of inventory. Consider the planning process and structure for developing a master production schedule (M..
The maximum amount available of the "Other" ingredients is 125 tons. The cement sells for $60 per ton. The organization needs to maximize its profit. Formulate the linear programming problem to maximize the profit.
Give a scenario related to healthcare work experience in which a judgmental forecasting method would be used. Which particular judgmental forecasting method (or methods) would be most appropriate? Which common biases of judgmental forecasting do you ..
Moving from a fee-for-service to a managed care delivery system set up a series of expectations (page 421). How many of these expectations are realistic? How many have been realized?
The costs of quality are given by the following equations, Determine the total cost of quality when there are no defectives. D= 0 and product quality is perfect.
What is the economic production quantity? What will be the maximum inventory level?
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