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Q. The B&S Novelty also Craft Shop in Bennington, Vermont, sells a variety of quality handmade items to tourists. B&S will sell 300 hand-carved miniature replicas. Inventory Models soldier every year however the demand pattern during the year is uncertain. The replicas sell for $20 every also B&S uses a 15% annual inventory holding cost rate. Ordering costs are $5 per order also demand during the lead time follows a normal probability distribution with μ 15 also s 6.
a. Elucidate what is the recommended order quantity?
b. If B&S are willing to accept a stock out roughly twice a year, Elucidate what reorder point would you recommend? Elucidate what is the probability which B&S will have a stock out in any one order cycle?
c. Elucidate what is the safety stock also annual safety stock costs for this product?
A Corporation which produces pleasure boats has decided to expand one of its lines. Discuss what other factors might be considered in choosing between expansions
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How many days should the marketing manager allow for completion of the critical path if he wants to be 99% sure that the critical path will be completed within this allowed time?
As a result, Unverferth was able to eliminate costly paper catalogs also gain the ability to give up-to-the-minute information to its dealers. This incremental change which was aided by supplier involvement was an example of the approach to innova..
Based first on your analysis of the survey data also then on your analysis of the crossover charts, give a justification for every location. Give a complete list of reasons for not selecting every of the 3 sites.
As per Mr. Mackey, some of statements attributed to Rahodeb did not match his personal beliefs. Why do you think there is this conflict between attitudes also behaviour.
Are the factors Gardner selected for evaluation reasonable also complete. Elucidate what others might be included.
The supply also demand for economy cars also the total cost of moving these vehicles between sites are shown below. Elucidate what would you have to do to the costs to assure which A always sends a car to D as part of the optimal solution.
associated with producing the brake shoes on every machine along with the available capacity on every machine. If the Corporation has received an order for 1,800 brake shoes, describe how should it schedule these machines.
The present inventory on-hand is 300 bags with no backorders also no scheduled receipts. Elucidate what order quantity should Jack use for this dog food. Elucidate what reorder point should Jack use for this dog food.
Prepare a checklist which includes the main topics, issues, advantages also disadvantages which should be considered when making this decision within the context of Willow brook School.
What is the optimal number of "Graduation Rings" Debbie should buy for the Campus Bookstore at Phoenix's University
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