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Annual demand for number 2 pencils at the campus store is normally distributed with mean 1,000 and standard deviation 250. The store purchases the pencils for 6 cents each and sells them for 20 cents each. There is a two-month lead time from the initiation to the receipt of an order. The store accountant estimates that the cost in employee time for performing the necessary paperwork to initiate and receive an order is $20, and recommends a 22% annual interest rate for determining holding cost. The cost of a stockout is the cost of lost profit plus an additional 20 cents per pencil, which represents the cost of loss of goodwill. a. Find the optimal values of Q and R. b. Substitute a Type 1 service level criterion of 95% for the stock-out cost. Find the values of Q and R. c. Substitute a Type 2 service level criterion of 98% for the stock-out cost. Assume that Q is given by the EOQ. Find the values of Q and R.
Due to rapid changes in technology, a telecommunications manufacture decides to produce a router using just-in-time methods.
Given that an activity's normal time and cost are ten days and $400 and its crash time and cost are 5days and $800, illustrate what is activity's slope.
Your sales and costs figures should be split into external sales and inter-divisional transfers, where appropriate
Recently, Phil Harris, the Production Control Manager at Brunswick, read an article on Time-Phased Requirements Planning. He was curious about how this technique might work in scheduling Brunswick's engine assembly operations.
What are the major threats to Google's ability to serve its stakeholders
Each event averages four hours, and assume the stadium is full for each event. The stadium is available 365 days a year from 6 a.m. to midnight
Using the information provided, prepare the report that Vicky Roberts requested, assuming that the project will begin immediately. Assume 45 working days are available to complete the project.
formulate a linear programming model that will enable the farmer to determine th number of acres where sugarcane and/or corn should be planted in order to maximize profit from his land. using ALL 50 acres, but not all workers or fertilizers.
Mary Decker is thinking of suing the manufacturer of her car because of a defect that she believes caused her to have an accident, and kept her out of work for a year.
Do you think that HR departments should reveal the various diagnoses and proceedures that occur in a company and leads to the various premiums?
Your company assembles five different models of a motor scooter that is sold in specialty stores in the United States. The company uses the same engine for all five models.
Share your thoughts on what it takes to create, sustain, embed, and deliver on a strategy. What are some of the best practices you recommend, as well as some of the errors to avoid?
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