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A large supplier of electronic components has decided to control the inventory of a certain item by a periodic review, order up to R policy. The mean demand rate for this item is 500 units per year. The lead time ? is nearly constant at three months. The demand in the time ? + T can be represented by a normal distribution with mean 500 (? + T) and the variance 800(? + T). The cost of each unit is $10, the inventory carrying cost rate is 0.10, the cost of making a review and placing an order is $15, and the cost of backorder is estimated to be $30. Find the optimal quantity and period for this problem.
What are Porter's competitive forces in an organisation's environment? Explain them and provide examples to illustrate your answer.
Identify and discuss a benefit that NAFTA has produced for the US economy.
How do you appraise Filene's Basement's expansion strategy? Comment on the concept, the choice of regions for expansion, and the number of stores.
Outline and explain the three major elements (and their arguments) contained in the controversial question as to whether union security provisions should be negotiated in labor agreements.
nternal customers in organizations, Distribution resource planning (DRP), Electronic data interchange (EDI), Stocktaking, inventory policy, Shelf life of products, Limited storage space
Examine what categories of the SWOT elements of information are readily available on the Internet. Illustrate what categories of data are difficult or impossible to find out on the Internet.
Describe the generic product development process described in this chapter. How does this process change for "technology push" products?
Gross profit is $40 per car per day rented. When re is demand for a car when n1 is available re is a goodwill loss of $80 and rental is lost. Each day a car is unused costs you $5 per car. If your industry can obtain another car for $200 for 10 da..
What are the downfalls and benefits of social networking? In what ways are indirect ties as powerful and important as direct ties
Joe's Car Company can make its own engines for $1050 or buy them from the outside from a defunct Yugoslavian auto plant for $1000 per engine. Inventory holding cost is $800 per engine per year, and the cost of ordering, receiving etc. is $8000 per or..
Explain how many machines should be purchased to meet the upcoming yr's demand without resorting to any short-term capacity solutions.
In an overview of major operations planning activities in a typical service organization which of subsequent activities follows aggregate sales and operations planning.
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