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The daily demand for a particular product is normally distributed with a mean of 80 units per day and a standard deviation of 30 units per day. The company places an order every 10 days. Once an order is placed, it takes 4 days for the order to be received. The company wants the probability of meeting demand after placing an order to be at least 98%.
What is the target level required to meet the 98% probability?
Suppose 300 units are in stock at the next review, how many units should be ordered?
your pay policy is to match the market at the middle of the plan year. what is the market based salary increase budget recommendation?
Supports workers in forming unions and participating in collective bargaining
How an organization can benefit from information regarding its applicants, current and past employees to gain a competitive advantage.
What makes the strategy formulation process unique from other decision that the organization makes on a daily basis? What would happen if the organization only made daily decisions that were not tied to strategic decisions? Please provide supporti..
David Upton is president of Upton Manufacturing, a producer of Go-Kart tires. Upton makes 1,000 tires per day with the following resources: Labor: 400 hours per day @ $12.50 per hour.
In order to raise revenues during the recent recession, the governor of your state proposed the following taxation formula: T (i)= 0.001i^0.5, where is represents the total annual income earned by an individual in dollars and T (i) is the income tax ..
Make a BUSINESS PLAN OUTLINE for a Brewing company in California. Development Status and Tasks. Challenges and Risks
During a “hard” insurance market, a manufacturing company decided to self-insure its workers compensation loss exposure. The company hired a third party (TPA) to administer the workers compensation claims. Even though the risk was being self-insured,..
Harris in the original 1913 paper on the EOQ model, suggested that “most managers, indeed, have a rather hazy idea as to just what this [setup] cost amounts to. Do you think that setup cost, as defined in the EOQ model, is more easily specified today..
If clerks represent a cost of $20 per hour and mechanics a cost of $30 per hour, what number of clerks would be optimal in terms of minimizing total cost?
You are the contracting officer's representative (COR) of a program management support contract awarded to Easy Corp. It is the first year of a five-year contract. You have noticed the following trends: Management reports are typically late and incom..
What is currently your favorite social media platform and why?
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