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A house painting company uses, on average 70 cans of paint every week with a standard deviation of30 cans per week. Demand for cans of paint follows an approximately Normal distribution. Lead time for ordering more paint is consistently 1 week.
a. How much safety stock is required for a stock out risk of 1 percent?
b. What ROP will provide a risk of stock out of 1 percent during lead time?
c. Would a stock out risk of 5 percent increase or decrease the amount of safety stock? Support your answer.
what travel trends are favorable to lodging ?what ones are not? what do you think will be the best market segments for lodging?
How many observations should a time study analyst plan for in an operation that has a standard deviation of 1.6 minutes per piece if the goal is to estimate the mean time per piece to within .5 minute with a confidence of 95.5 percent? (Do not round ..
Identify at least four forces in the general environment of organizations and provide an example of each for an industry or business. How do these forces differ from the external stakeholders in the task environment? What is MBO? Describe the process..
The guidance system of a ship is controlled by a computer that has three major modules. In order for the computer to function properly, all three modules must function. Two of the modules have reliabilities of .91, and the other has a reliability ..
Compute the activity-based overhead rate for each activity cost pool. How much cost would be charged to an in-house manufacturing department that consumed 1,800 hours of market analysis time, was provided 280 designs relating to 10 products, and r..
Contrast the real options selection approach with profitability models. What are the advantages and disadvantages of each
1. Which of the following is considered a major process flow structure?
Managers faced with ethical choices have a number of approaches that they may use to guide their decision making. Discuss the various approaches to ethical decision making, providing examples to help explain your answer.
Illustrate what is the theoretical number of workstations. Suppose that Demand rose from 750 to 1,000 units per day. Illustrate what would you do? Show any amount or calculations.
Discussion of the key challenges that Jack will face in implementing the new strategy within the business, together with recommendations for how they may be addressed.
Discuss the method used for inventory management
Discuss pitfalls to this strategy and potential impact to performance of Panera Bread and select 1 of its competitors and discuss cons that Panera has with competitor and explain how se cons may be overcome.
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