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Harry Coveleskie is the inventory manager for Weight Watchers' Clinic. Recently, demand for Diet 15 has shown wide fluctuations. Harry wants to determine the expected demand for Diet 15 during a recorder period, i.e., the time lapse from when stock is recorded until the material is received. The most important information Harry is seeking is how far in advance he should reorder before the stock level is reduced to 0. On the basis of historical data of lead time and demand, Harry realizes that these are random variables, described by the following probability distributions: Lead Time (Days): Probability Demand per Day Probability 1 0.5 1 0.1 2 0.3 2 0.3 3 0.2 3 0.4 4 0.2 a. Simulate this problem using the Monte Carlo process. Show the demand during lead time (DDLT) for 30 reorders and determine the expected demand during lead time. (Hint: Lead time must first be randomly generated, followed by separate random generations of daily demand rates for each day of lead time.) b. From the results of the simulation, construct a frequency distribution of demand during lead time.
Write objective function and labor hours and machine hours constraints and formulate Objective Function, Assembly Hours Constraint, Labor Hours Constraint, and Desired Profitability Equation.
An important part of the service model is the distribution of supplementary services through physical or electronic channels of distribution. Within human resource management, the channels of distribution are quite different from traditional chann..
Could a service firm use a production-line approach or self-service design also still keep a high customer focus (personal attention). Explain also support your answer with examples.
Describe the uses of and the precautions regarding application forms used within the hiring process.
Education is often used as an indicator of a person's socioeconomic status. Historically, the number of years of schooling completed has been recorded in the census of population as a measure of education. Comment and support your reasoning
Determine which sources of law would be most relevant in this case and how management could leverage knowledge of those sources to prevent similar instances in the future.
What is the role of IT in an increasingly global environment? Provide examples of how IT has changed your organization (or an organization with which you are familiar).
Mike is preparting the x-bar chart and the R chart for Uncle Ben's 2lb. box rice packaging line. Using the standard sample size of 9 items. Mike found the average range is .02 lbs and the overal process average is 1.98 lbs.
You have a list of contracts also due dates for annual maintenance fees. You wish to determine when you have a contract coming due in next 45 days also provide a note that warns you that payment is coming due.
Write a paper of 1,050 words, maximum, discussing strategic capacity planning also lean production for new process design also supply chain process for electric fans at riordan
A bottling plant fills 2,400 bottles every two hours. The lead time is 40 minutes and a container accommodates 120 bottles. The safety stock is 10 percent of expected demand.
write an expression for the gram-moles of N2O4 in terms of n (mol mixture) and yNO2 (mol NO2/mol)
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