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The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit.
a. Find the reorder point necessary to provide a 98 percent service probability.
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?
Explain how might the subsequent business specialists use learning curves: accountants, marketers, financial analysts, personnel managers, also computer programmers.
This response states operations managements. The roles and goals of health care operations managers are discussed as well. References are included.
Discuss the scientific method. What are its key components? How was this method developed, and is it something that can be realistically used in everyday life.
Using your calculator you sample some days' demands and estimate that the standard deviation of daily demand is 9 boxes. You also search out these figures
a)What is the economic production quantity? b)How many production runs per year will be made? c) What will be the maximum inventory level? d) What percentage of time will the facility be producing components?
The Central Valve Company sells industrial valves and fluid control devices. One of Central's most popular valves, the Western, has an annual demand of 6,000 units
please share your thoughts on how the discretionary benefits (the cost for which is significant) can best be used strategically to attract, retain and motivate employees.
What are other benefits or what actions might a company do to keep a really valuable employee from leaving? Explain (again, use textbook concepts)
What is the average length of the "place order line"? What is the average length of the "pick up line"?
Johnson corporation has the following information about a product that it carries in stock: Average demand= 40 units per day Average lead time= 15 days Item unit cost= $55 for orders of less than 400 units Item unit cost= $50 for orders.
llustrate what are reasons for formulating also implementing an operations strategy. Describe a possible mission for operations also some associated strategies which fit subsequent business situations.
A claims that she and B entered into a contract. The intent to enter into a contract is determined with reference to Answer the conscious theory of contracts.
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