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Management wants to change the safety stock of dehydrated water to be 1.25 pounds. This item has a standard deviation during the lead time of 1.5 pounds with an average of 64.3 pounds maintained in inventory. Calculate the percentage of time that you expect to run out of dehydrated water. (Keep two decimal places in your answer that represents percentage)
Holly owns Holly’s Health Studio a gym that offers many types of fitness classes. One class that is offered is group weightlifting. One day the 9am class consists of 20 people and is very crowded. Immediately after the 9am class leaves the 10am cla..
Use the intuitive lowest-cost approach. What is its total cost? Using the stepping-stone method, and find the optimal solution. Compute the total cost
Distinguish between the concepts of mission and vision. Provide examples in your explanation.
Angel investors help approximately 50,000 companies get off the ground each year. Today, approximately ________ angel investors provide capital to companies each year.
A manufacturing firm is considering three alternatives for producing a new product. The revenue is $10 per unit. Alternative A has a monthly fixed cost of $1,300 and a variable cost of $7 per unit. Alternative B has a monthly fixed cost of $2,300 and..
Cakes baked by The Charm City Bakery are transported from the ovens to be packaged by one of five wrappers. Each wrapper can wrap an average of 35 cakes per hour. The cakes are brought to the wrappers at the rate of 160 per hour. Assuming it is a mul..
Explain how you would conduct an internal strategic management audit and competitive strength assessment. As a business leader, explain how you would organize a strategic internal information scanning system.
Choose any service process which you are familiar with (such as retailing, call center, restaurant, bank, hospital, pharmacy, car repair, etc). Briefly discuss the service process, including the resources used, service activities, and desired output...
Prefab, a furniture manufacturer, uses 20,000 square feet of plywood per year. Its trucking company charges Prefab $400 per shipment, independent of the quantity purchased. What is the annual cost of such a policy? What is the cycle inventory of plyw..
A company offers ID theft protection using leads obtained from client banks. Three employees work 40 hours a week on the leads, at a pay rate of $35 per hour per employee. Each employee identifies an average of 3,600 potential leads a week from a lis..
Hard choice in Hondo.7 George is manager of an Ardnak Plastics plant in Hondo, Texas. It employs several hundred persons, a large fraction of the local workforce. George’s boss, Bill, telephones him from head- quarters in El Paso with the news that t..
Why is succession planning important? How do large businesses do it and how to small business handle it?
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