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The daily demand for an item is distributed normally, with a mean of 5 and a variance of 2. The cost to place an order is $10, and the carrying charge per day is estimated at 10 percent of the inventory value. The supplier has offered the following purchase plan:
a. Recommend an optimal order quantity that will minimize the total inventory costs of ordering and holding plus the purchase cost of the units. Although it is not necessary, you may assume 360 days a year.
b. Determine the reorder point and safety stock that will achieve a 95 percent service level given a constant 2-day delivery lead time. Assume daily demand is an independent variable.
Research diversity mission statements for corporations as well as non-profit organizations and summarize what seem to be common elements in those statements.
Examine how job satisfaction, stress, and motivation impact performance and commitment in the workplace.
A small "donation" would certainly help him find it again. Should you give him money? Is this a business expense to be charged to your company? Should it be tax deductible?
This case is based on the Management Science in Action, Pricing for Environmental Compliance in the Auto Industry. In this case we build a model similar to the one built for General Motors. The CAFE requirement on fleet miles per gallon is based on a..
Is there a difference in the financial statements that are prepared according to different GAAP if an investor wants to compare the financial results of Gap, Inditex and H&M?
Discuss the potential profit of manufacturing all 200,000 boards - Draw a decision tree for the decision that BUYU faces.
What are the elements for an action based on strict liability?
Develop the "sales pitch" you would use to convince your family and friends to invest in your business and post it for the rest of the class to view.
The Search For Leadership
the store had only two, out-of-style suits for sale at this price. Their other wool suits started at $175. If Nunnsky’s acted in bad faith in its advertising, consumers may have protection through state statutes.
In some regions, businesses have formed alliances to guarantee a market for recycled materials. Is this occurring in your community or nearby community
Write a comparison of two styles of news paper articles that are included with the assignment brief - Refugees welcome? How UK and Germany compare on migration and The human tide moving this way: Fury and fighting as rail station is closed to migran..
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