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Suppose that an auto part in a manufacturer's inventory has the following characteristicsForecast Demand= 1250 cases per weekForecast error, std.dev.= 475 cases per weekLead Time= 2.5 weeksCarrrying costs= 30% per yearPurchase prics, delivered =$56 per caseStockout cost= $10 per caseProbability of being in stock during the Lead time, P = 80%
a. Design a reorder point control system for this part, given the assigned P. How would you state the inventory control policy f the ROP>Q*?b. Design a periodic review system for this part. Now assume that the probability of being in stock extends to the order interval plus lead time.c. Determine and compare the relevant cost odf each approachd. What service level (Fill rate) do you achieve with both designs?
The prices for company A for the first quarter of 2007 are given below. The price of the stock on January 1, 2007 was $120. Find the holding period return for an investor who purchased the stock on
company will offer staples and frozen foods in a large metropolitan area and then deliver them within a customer-defined window of time. You plan to partner with two major food stores in the area
determine which of the following is the reorder point value given an average daily demand of 50 units and a lead-time of 10 days and Basic Fixed-Order Quantity inventory model fits this problem situation
A college professor told her students, "The purpose of a management course is to teach students about management, not to teach them to be managers." Do you agree or disagree with this statement? Why or Why not?
An ad campaign for a new snack chip will be conducted in a limited geographical area also can use TV time, radio time, also newspaper ads. Information about each medium is shown below
Do you think a similar strategy with a viral marketing campaign on the internet would appeal to the target market for diet coke plus?
Formulate the linear programming problem to maximize the profit during the coming month. Write all of the constraints that are indicated by the above description of the problem.
What are the primary factors that play a role in the success of the process? How can application of the training objectives be sustained? What are some of the challenges?
Gathering and using the most helpful quality web and other written resources for the researching and carrying out project, especially from industry sources.
A study was done to examine whether the perception of service quality at hotels differed by gender. Hotels were randomly selected to rate service items on a 50point scale.
The quality inspector randomly selects four bottles from the bottle machine and measures the outside diameter of the bottle neck, a critical quality dimension that decides whether the bottle cap will fit properly.
Maxwell Manufacturing makes two models of felt tip marking pens. Requirements for each lot of pens are given below.
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