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After graduation, you decide to go into a partnership in an offi ce supply store that has existed for a number of years. Walking through the store and stockrooms, you fi nd a great discrepancy in service levels. Some spaces and bins for items are completely empty; others have supplies that are covered with dust and have obviously been there a long time. You decide to take on the project of establishing consistent levels of inventory to meet customer demands. Most of your supplies are purchased from just a few distributors that call on your store once
every two weeks. You choose, as your fi rst item for study, computer printer paper. You examine the sales records and purchase orders and fi nd that demand for the past 12 months was 5,000 boxes. Using your calculator you sample some days' demands and estimate that the standard deviation of daily demand is 10 boxes. You also search out these fi gures: Cost per box of paper: $11. Desired service probability: 98 percent. Store is open every day. Salesperson visits every two weeks. Delivery time following visit is three days. Using your procedure, how many boxes of paper would be ordered if, on the day the salesperson calls, 60 boxes are on hand?
The decisions made based on the EMVs of different alternatives are considered rational. Are there limitations or risks of using the EMV approach
What advantages and disadvantages result from the organization stressing some objectives over others and - objectives of operations management
Facilities Operations
For the corporation that operates internationally, briefly evaluate its international business-level strategy and international corporate-level strategy and make recommendations for improvement.
What are the three objectives of the employment relationship according to Budd, and why are they important?
What are your thoughts on tort reform, more specifically setting caps/limits (ceilings) on jury awards/verdicts in tort liability cases. Class action cases? Corporate liability cases? Is this a good idea? Who would lobby for these caps? Who DOES lobb..
Evaluate Palmer and his decision to create a new venture capital fund?
"What is the market value of equity if the FCFE is projected to grow at 5% indefinitely and the cost of equity is 8%?" Enter your answer in millions.
Trinity Bus Lines want to maximize the number of passengers it can carry from Far Point to Newtown. Bus A can carry 60 passengers and costs $2,700 per month to run. Bus B can carry 48 passengers and costs $1,800 per month to run. Can you formulate a ..
You are an HRM Consultant who was hired to provide some analysis and strategic recommendations based on data pulled from your client company.
Unlike large organizations, small organizations have been less active in integrating information technologies into their business operations. For example, some of the larger airliners use online information technologies to allow passengers to make re..
Think about your classmates in this course. Can you classify them into different segments with specific names? What is your major segmentation variable? Could you effectively market products to these segments?
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