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The Gap is trying to decide which products to carry at its 900 retail stores or at its central warehouse to only be sold online. Weekly demand for large Khaki pants at each store is normally distributed with a mean of 800 and a standard deviation of 100. Each pair of pants cost $30. Weekly demand for purple cashmere sweaters at each store is normally distributed with a mean of 50 and a standard deviation of 50. Each sweater costs $100. The Gap has a holding cost of 25%. The Gap uses continuous review policy and the supply lead time for both products is 4 weeks. The Gap also expects a 95% service level. How much reduction in holding cost per unit sold can The Gap expect from moving each product from its stores to its central warehouse? Which of the two products would you move from the stores to online?
Eve, the owner of Finest Enterprises, Inc., is a sole proprietor. What are the chief characteristics, advantages, and disadvantages of this form of business organization?
The sales representative from Pharma Inc has a new stent that dissolves in 6 months, alleviating the need for the patient to be on permanent blood thinners.
What are the limitations of disparate impact statistics as indicators of potential staffing discrimination?
Janson’s Department Store in Stark, Ohio, maintains a successful catalog sales department in which a clerk takes orders by telephone. If the clerk is occupied on one line, incoming phone calls to the catalog department are answered automatically by a..
Explain the BEST strategic planning and implementation/execution you have observed. Discuss fully. (2) Explain the WORST strategic planning and implementation?
The shares of Bankston Company sell for $75. The firm has a P/E ratio of 12. Fifty percent of earnings are paid out in dividends. What is the firm's dividend yield?
Hanna’s Super Service Burgers and Fries fast-food restaurant trains its new employees (all of whom are part-time) for three days to assemble its different burgers. The most time-consuming item to assemble is the Super Mega-Burger because it includes ..
Preliminary analysis suggested that this lost is due to poor customer satisfaction during the product ordering process.
Which of these statements about shared assumptions is true? They are not taken-for-granted perceptions but rather conscious decisions. They are so deeply ingrained that they probably cannot be discovered by surveying employees. They are the same as e..
Develop a probability tree showing all marginal, conditional, and joint probabilities.
You have three employees who have performance issues surrounding their performance and you have to conduct a performance improvement plan (PIP) with the three employees. Write three negative statements (one for each employee) describing their perfor..
Wilshire Clinic has thirty clinicians. Currently, the arrival rate for each clinician is 2 patients per hour and the service rate for each clinician is 5 patients per hour.
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