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A sporting goods company has a distribution center that maintains inventory of fishing rods. The fishing rods have the following demand, lead time, and cost characteristics: Average demand = 100 units per day, with a standard deviation of 12 units Average lead time = 12 days with a standard deviation of 2 days 250 days per year Unit cost = $25 Desired service level = 95% Ordering cost = $50 Inventory carrying cost = 20% The basic question: How many fishing rods should the distribution center carry to provide the desired service level? There are, of course, many other specific questions, such as EOQ? Average cycle stock?
Create a work breakdown structure (WBS) for a project you have involved in professionally, or a common activity around the house that would span more than one month.
Write a brief assessment (two pages) of the Outback Steakhouse case found in the text. Pay particular attention to the following questions: What are the basic elements of Outback's plan for going international? What do you see as the strengths and we..
Illustrate what are some advantages also disadvantages of building capacity under these conditions. illustrate what they are also comprise your assessment of whether this activity is something to worry about or not.
Describe the basic elements of the project life cycle. Why is an understanding of the project life cycle relevant for understanding project management?
Consider the figure above and assume that the title search time has changed to 60 minutes. Based on the new data, determine the following
Scheduling and sequencing are typically viewed from a technical perspective; that is, they are focused on minimizing quantitative measures such as lateness or cost. However, schedules also have intangible effects on customers, employees, and the perc..
Employees' knowledge, skills, and abilities are key to a company's success. Organizations dedicate a great deal of resources to developing those skills through training. Therefore, effective training is essential and a thorough training process helps..
The World is changing. Any time, any day, we are witnesses of the global crisis and its effects. This global phenomenon has caused people to be more and more selective; identify the positive sides of the elements of discourse applied to business, in ..
A grocery chain is considering the installation of a set of 4 self-checkout lanes. The new self-checkout lane setup will replace 2 old cashier lanes that were staffed by a cashier and bagger on each lane.
A competitor sells heavy machinery priced at $14,000. Your firm has been working to enter the heavy machinery market and has developed a new product with a marginal cost of $8,500. What is the reference price for the New Product? What is the differen..
What is our governments role with regard to Compensation in the U.S.? Explain how and why prevailing wage rates for government construction projects apply. Explain when and how overtime is paid in your company. Express your opinion about the Minimum ..
Describe the fundamental trade-offs made when deciding to crash a project. If the decision is made to crash, illustrate what additional tradeoffs must be made.
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