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A retail store Shortly carries a modern white kitchen ceiling lamp that is quite popular and they want to achieve a cycle service level of 96%. The order lead time is 6 weeks and the store uses Q system to manage the item. Every time the store orders 1000 units. The anticipated demand during lead-time can be approximated by a Normal distribution curve with a mean of 600 units and a standard deviation of 300 units. The average demand is estimated to be 100 units per week throughout the year. Answer the following questions with regard to this SKU.
1. How much safety stock should Shortly carry?
2. What is their reorder point (ROP)?
3. How much cycle inventory is the store carrying?
4. How much transportation inventory does the store carry?
5. What is the total inventory?
Bland and Altman (1986) provide data on the peak expiratory flow rates (PEFR) for 17 subjects measured using two different meters – LWPFM and SWPFM – which are provided in PEFR.MTW and reproduced by permission of The Lancet. Display the data as for t..
Compose a written essay of 1000 words in length. The main requirement is using Department of Defense polices that influences Defense Support of Civil Authorities. Methods for increasing a State’s capacity to respond to disasters? Statutory provisions..
Assume a new product has a fixed cost of $900, a variable cost of $4.50 each, and a selling price of $5.50 each. What number of units must be produced to break even?
Weekly demand for electric motors at a Japanese motor manufacturer is normally distributed, with a mean of 1,000 and a standard deviation of 1,000. Motors are currently assembled in China and delivered at a cost of 20,000 yen/motor. The motor manufac..
What is inventory? Explain 4 types of inventory based on position of inventory in the process? Explain buffer inventory. What does EOC (Economic Order Quantity) attempt to do?
In the Carrell, Heavrin textbook, at pages 211-212, review “Case Study 2 Selection of Bargaining Team Members.” After reading the case study, explain whether the company’s position is an unfair labor practice. Then, prescribe a method of resolution a..
MERCOSUR (the major Latin American trade agreement) has encountered problems in its efforts to expand into more of South America. What issues has this free trade pact encountered specifically and what issues might other trade pacts encounter in gener..
Assume that you have recently been hired as the director of continuous improvement of a company. You are an outside hire with limited history of the firm and personal capital at the firm, and you are responsible for lean production, total quality ..
Janelle, the owner of Ha 'Peppas' is considering a new oven to bake vegetarian pizza. Oven type A can handle 20 pizza an hour. The fixed cost for A is $20000 and variable cost is $2.00 per pizza. Oven B is larger can handle 40 pizza per hour. B - Fix..
What is organizational psychology? How is it different from general psychology?
Compare and contrast any two traditional training methods. Of the two, evauate which you feel is the more effective approach.
Discuss a time when you have been a member of a team that has not performed well. Why was the team not effective? What role did the leader play in the team's inability to perform
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