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The annual demand for a product is 16,000 units. The weekly demand is 308 units with a standard deviation of 80 units. The cost to place an order is $30.50, and the time from ordering to receipt is six weeks. The annual inventory carrying cost is $0.10 per unit. a. Find the reorder point necessary to provide a 95 percent service probability. (Round your answer to the nearest whole number.)
b. Suppose the production manager is asked to reduce the safety stock of this item by 50 percent. If she does so, what will the new service probability be? (Round your answer to 3 decimal places.)
Home store has already sold first shipment to a customer, who paid for goods also took them home. Illustrate what are China's rights in regard to shipment in transit.
Identify the main types of traditional and horizontal organization structure. Using an organization of your choice as an example how is the structure of the organization a reflection of its environment .
If not, how can failure be prevented? Is it important to avert failure? Why or why not?
Describe ways you expect to use format design and visuals in your future college papers and in your professional life.
How do you create that calculated field to display that Age value on your report? What would you do if your underlying table or query has a field named BirthDate but you want your report to print out the Age of your customers?
list the general requirements of an LLC, partnership and corporation. Find an example of a business organization that is an LLC.
If she sells this information to dishonest hackers she will profit and since any loss the bank suffers will be covered by insurance, the bank will also not be at a loss too. What ethical character traits has Amanda failed to exercise?
Explain the role of an ethic officer as a specialized managerial position.
In the case of Martha Stewart what were the iilegal and ecthical issues of this case? What were the implications this trial had on the world? What type of laws and regulations would you recommend in the future to avoid this from happening again.
Define quality in terms of what it means for a product to have high quality.
Identify the type of probability your example best fits by explaining whether it is an independent event or dependent upon something else.
Describe how you think the hotel's management will: (a) make sure that the way it manage the hotel is appropriate to the way it competes for business; (b) implement any change in strategy; (c) develop its operation so that it drives the long-term ..
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