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Southwood Furniture Company is a U.S.-based furniture manufacturer that offshored all of its actual manufacturing operations to China about a decade ago. It set up a distribution center in Hong Kong from which the company ships its items to the United States on container ships. The company learned early on that it could not rely on local Chinese freight forwarders to arrange for sufficient containers for the company's shipments, so it contracted to purchase containers from a Taiwanese manufacturer and then sell them to shipping companies at the U.S. ports the containers are shipped to. Southwood needs 715 containers each year. It costs $1200 to hold a container at its distribution center, and it costs $6000 to receive an order for the containers. Determine the optimal order size, minimum total annual inventory cost, number of annual orders, and time between orders.
The Petroco Service Station has one pump for regular unleaded gas, which (with an attendant) can service 10 customers per hour. Cars arrive at the regular unleaded pump at a rate of 6 per hour. Determine the average queue length, the average time a c..
Given Pitney Bowes' growth and globalization strategies, analyze the forces for and against maintaining an organizational culture that supports diversity as a business impertive.
What three types of process technology are the most useful for a company wanting to use technology to contriol inventory?
The probability scale falls between 0.0 (no probability) and 1.0 (certainty). After reviewing basic probability theory in the library, list two questions related to probability concepts that emerged as you explored the topic of probability. Explain h..
Suppose we are ordering computer chips. Suppose that in each order, exactly 10% of all chips are defective. As soon as the order arrives, we ?nd out which chips are defective and return them for a complete refund
Which of the following is NOT a condition that must be satisfied for an occurrence to be an event?
Given the following diagram for a product, determine the quantity of each component required to assemble one unit of the finished product.
Music has had a tremendous impact on society and our "culture" for the past 50 years. Which music genre do you believe has has the greatest impact on our society and the formation of our culture? Why? Provide examples to support your position? How ha..
Medical school enrollments are 21% higher in 2012 than in in 2002; and it is expected to be 30% higher in 2017. will this produce enough primary care doctors to meet the challenge of the potential new enrollees in a government mandated insurance plan..
Parasuraman, Zeithaml and Berry have developed a five-gap model which illustrates the gaps between customer perception and expectation. Sketch a labeled diagram to illustrate the five-gap model. Identify two possible ways to measure the gaps.
Use the expectancy theory or the equity theory of motivation to explain how feeling underpaid might affect the work of a Patagonia associate and what a manager can do to increase the employee's motivation.
In the reading for this module, we learned about the leadership practice of challenging the process. Before posting to this discussion, make sure that you have updated the “Challenge the Process” column in your Leadership Development Action Plan docu..
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