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A small copy center uses five 500-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of five boxes per week and a standard deviation of one-half box per week. Five weeks are required to fill an order for letterhead stationery. Ordering cost is $4, and annual holding cost is 30 cents per box. Use Table. a. Determine the economic order quantity, assuming a 52-week year. (Round your answer to the nearest whole number.) EOQ boxes b. If the copy center reorders when the supply on hand is 28 boxes, compute the risk of a stockout. (Round "z" value to 2 decimal places and final answer to 4 decimal places.) Risk c. If a fixed interval of seven weeks instead of an ROP is used for reordering, what risk does the copy center incur that it will run out of stationery before this order arrives if it orders 40 boxes when the amount on hand is 25 boxes? (Round "z" value to 2 decimal places and final answer to 4 decimal places.) Risk
What is the value of marketing to the consumer, the stakeholder and stockholder and a. the value of your place on marketing b. the value of marketing to customers and consumers c. the value of marketing to stakeholders and stockholders.
The Final Assignment, due in Unit 10, is your chance to bring it all together. This Strategic Management Presentation is an in-depth case study analysis and strategy for the company of your choice. Final Assignment Guidelines are also available in..
What is Walt Disney Company’s corporate strategy? What is your assessment of the long-term attractiveness of the industries represented in Walt Disney Company’s business portfolio? What is your assessment of the competitive strength of Walt Disney Co..
Discuss the role of sensitivity analysis in LP. Under what circumstances is it needed and under what conditions do you think it is not necessary?
A number of valuable documents for end of life are the living will, the durable power of attorney and the last will and testament. What are these documents? Why are they so important to have? Explain your answer.
critically reflect on the importance of the risk and return balance. consider the followinga can we ever have any
However, one carrier quoted a transportation cost of $20 per hundredweight for a consolidated shipment, with an additional charge of $200 for each stop on the delivery. Should Jones choose consolidated shipment alternative?
Compare and contrast JIT and MRP. Explain your answer in detail. What is one of the key elements of an effective PAC system? Why is this element so important.
Explain how the Uniform Commercial Code treats goods that were fraudulently obtained.
Given the definitions of throughput, inventory, operating expense and bottleneck as discussed in The Goal, define throughput, inventory, and operating expense in the context of an organization (work, social, or religious) of which you are a member. I..
Which proposal would you recommend to top management? Why? How much of a change in sales would be required in order to make the returns of the two proposals equivalent
Differentiate between the following common flowcharts symbols (square, diamond, inverted triangle circle, and arrow) and give an example of each.
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