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Double A stocks decorative coffee mugs that have been a big hit with the patrons. Each mug costs $3.00 and sells for $8.00. The cost of placing an order is $50.00, and once an order is placed, the mugs arrive in two weeks. During the two-week period, demand is normally distributed with a mean of 50 mugs and a standard deviation of 10 mugs. The cost of holding a mug in inventory is $.15/dollar value per year. If an item is out of stock, they will place the item on backorder and estimate that the cost of lost goodwill is $.20. The service level is 90%. Find the optimal ordering policy for Double A.
How does multi client warehousing mix attributes of public and contract warehousing? What are some potential non storage space needs that might impact warehousing design?
After developing an ‘operational definition’ of ‘service quality’, create four questions for a survey of service quality. In one paragraph, describe what you learned in this process.
Orangemen Lofts plans to add 300 luxury apartments to its complex in Cohoes. The cost of the land now is $16 million including taxes and fees. The construction cost is expected to be $64 million including the cost of the central amenities.
Develop a forecasting model, justifying its selection over o r techniques, also project attendance through 2011. Illustrate what revenues are to be expected in 2010 also 2011. Discuss school's options.
What is the difference between production management, operations management, and supply chain management? What are some examples?
Why do you think employees become skeptical about incentive systems in the workplace? What incentives work for most employees?
Briefly explain the purpose of each of these control charts
What are the major differences between aggregate planning in manufacturing and aggregate planning in services?
The most important quality characteristic of a certain product is known to be dimension and research indicates that the dimension with 20 inches can maximize the output of the product. Obtain the expected quality loss incurred by the customer? How do..
Give a brief explanation of why or why not, and be sure to address each of the four questions that comprise this problem.
There are three equally likely states of nature (High, Medium, and Low demand). If the Build a large factory option will post profits of $90,000, $30,000, and - $30,000, respectively, in the three states of nature, what is the EMV of the option?
An assembly line currently has five workstations and the time required for each is shown below 1. 42sec 2. 49 sec. 3. 32 sec. 4. 47 sec. 5. 42 sec. What is the efficiency process? What are three factors that affect capacity utilization? Provide examp..
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