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Daily demand for a product is 56 units with a standard deviation of 12 units. The review period is 5 days, and lead time is 5 days. At the time of review there are 125 units in stock. If 98 percent service probability is desired, how many units should be ordered? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.)
Number of units ordered
Nike is the world's largest athletic brand. while many retailers have attempted to pass on the low-cost pressure of retail consumers.
Assume a midpoint of $32,000 per year and a 40% range spread. The individual is curretnly being paid at an 83% compa-ratio. The individual receives a 7% pay increase.
A firm operates two farms of comparable productivity. Each farm has a certain amount of usable acreage and a supply of labor hours to plant and tend the crops. Farm 1 has 600 acres and 2000 labor hours available per month. The firm needs to determine..
In an effort to attract and retain top talent, firms provide financial and nonfinancial rewards to their employees. Give examples of each and describe how the incentives you have chosen may impact individual employees.
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Assume that it costs $480 to ship a 20-foot container and $600 to ship a 40-foot container. What is the total cost to get the containers to the United States. Do you include U.S. port costs in this part of the analysis
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The chapter notes that in 2010, in roughly two-thirds of U.S. firms, the CEO is also the chair of the board of directors. More broadly this can be viewed as an intermingling of management and ownership. Why are these two roles typically separated? Is..
A large bakery buys flour in 25-pound bags. Determine the economic order quantity. Compute the total cost of ordering and carrying flour.
Determine the expected completion time and variance for each activity. Determine the total project completion time and the critical path for the project
What is the importance of current data in a SWOT analysis? How do you identify the SWOT factors in a fictitious firm?
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