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A drugstore uses fixed review period inventory system for many of the items it stocks. The manager wants a service level of 98%. The order interval is 2 weeks, and lead time is 2 days. Average demand for one item is 40 units per day, and the standard deviation of demand is 3 units per day. Determine the optimal order quantity when there are 42 units of inventory on hand at the time of ordering.
Compare and contrast Lincoln Electric and Southwest Airlines with regard to the following
From an ethical perspective, describe how much information is a firm obliged to tell a potential strategic alliance partner about
The price of each valve is $76, the inventory carrying cost is $5, and the ordering cost is $150 per order. What is the economic order quantity?
set up the appropriate control chart using 3-sigma limits and determine if the process is in control. Also plot the chart and draw the X-bar chart and R-chart also in order to illustrate your conclusions
Summarize the article and mention in your report the name of the Web site where you found the article. Limit your report to two or three paragraphs.
If you were a part of an Action Research dissertation with your peer and Without your knowledge which you were being observed as the participant in a study.
Riverside Metal Works produces cast bronze valves on a five-person assembly line. On a recent day, 180 valves were produced during an 8-hour shift. Calculate the labor productivity of the line.
Suppose I am the operations manager of our company. Illustrate what are the potential benefits I will get from holding joint planning also meetings with the marketing also finance department
As the industry watches to see how United Airlines' strategy performs against American Airlines' strategy, management at United Airlines is anxiously monitoring market signs to determine its next competitive move.
The CTC phone company is a regional supplier of long-distance telephone services. CTC is trying to determine the optimal pricing structure for its daytime and evening long-distance calling rates.
Determine the level production rate if a level strategy is selected with the goal of ending Period 4 with 100 units in inventory.
What is the possible daily output of this "process" if 8 hours of processing time is available each day? b. Given your output rate in part a, what is the efficiency of the process?
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