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NOP Bicycle Parts uses a periodic review inventory control system for one of its stock items. The review interval is 6 weeks, and the lead-time for receiving the materials ordered from its wholesaler is 3 weeks. Weekly demand is normally distributed, with a mean of 100 units and a standard deviation of 20 units.a. What is the average and the standard deviation of demand during the protection interval?b. What should be the target inventory level if the firm desires 97.5 percent stockout protection?c. If 350 units were in stock at the time of a periodic review, how many units should be ordered?
The following diagram describes a process that consists of eight separate operations, with sequential relationship and capacities (units per hour) as shown:
What benefits can be gained from case studies? What dangers, if any, are there in using case studies? In what ways are they useful? Support your answers.
Discuss your approach to effecting a win-win negotiation with a potential long-term supplier for a specific product or service.
Select a real company (not a retailer). Identify four decisions that the company makes at different levels of the organization. Explain the policies, procedures and decision-making tools which might be used to make each of the four decisions.
From some organization(s) where you have worked (or someone else has worked), write 2 scenarios from the strategic perspective as follows, Explain the BEST strategic planning and implementation.
During replenishment of blue diamonds, it is shown that the average demand per period is 4 and the average lead time is 3 per period. What is the standard deviation of demand during replenishment of blue diamond.
Boreki Enterprise has the following 10 items in inventory. CEO Theodore Boreki asks you to divide these items into an ABC classification
How can Boreki use this information? Boreki reviews the classification and then places item A2 into the A category. Why might he do so?
Given Gasoline production function of QG = 72MG 1.5 MG2, illustrate what is gasoline marginal profit. Given fibre production function of QF = 80MF 2MF2, illustrate what is fibre marginal profit.
A business organization intends to develop a new e-commerce Web site to enable its customers to make online purchases of computers in a quicker and more efficient manner
Several new employees, mostly women also minorities were hired to remedy the lack of diversity in the workplace. Due to financial difficulties within the organization, each division manager has been instructed to decrease his or her employee payro..
Examine design-depend increment alism, which is frequent product redesign throughout the product's life. Illustrate what are the pros also cons of this idea
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