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Annual demand for a product is 12,480 units; weekly demand is 240 units with a standard deviation of 45 units. The cost of placing an order is $70, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.60 per unit. a. To provide a 90 percent service probability, what must the reorder point be? (Round your answer to the nearest whole number.) Reorder point units b. Suppose the production manager is told to reduce the safety stock of this item by 70 units. If this is done, what will the new service probability be? (Round your answer to 2 decimal places.) Service probability
Decide the hourly capacity of each process stage and the number of machines needed to meet an output rate of 50,000 units per hour. Explain how does facility layout impact your numerical analysis and process efficiency. Explain.
Discuss the differences between utilization and efficiency as measures of system performance. Which (if any) is the most useful measure for an operations manager? Why?
You have just been hired as a brand manager of toothpaste for a large consumer products company. Your job mainly involves encouraging the advertising and production groups to promote and manufacture your product more effectively. Describe the sources..
Provide examples of how firms utilize their supply chain - this can include the ‘Just in Time’ theory. An example – Walmart has great inventory control when an item is purchased a reference is sent to the warehouse to restock
Use the notes feature to incorporate any relevant material not included on the slides. Ensure correct spelling, grammar, and professional vocabulary.
Deming (1987) states that one of the seven deadly diseases is using only visible figures as an input to management. How do you think this concept could affect your selection of data and measurement strategies? When historical data are not available a..
Identify three policy problems and determine an appropriate indicator or index that would help determine whether each of the identified problems are being solved through government action. Justify your position on each. (Note: The box includes Wor..
Identify the Final Research Paper topic. What influenced you to make this choice? Describe your rationale for selecting that topic in relation to your academic and career pursuits.
A manufacturing operation must periodically purchase bulk quantities of washers. The washers are purchased in boxes of 400 and are consumed at a constant rate.
On Aug. 15 a feed barley producer feels that $300/t is a good price to sell the remainder of the unprized feed barley he/she is about to harvest since the December feed barley futures contract is trading at $300/t on the ICE. The producer sells five ..
Identify and describe specific similarities and differences you notice between the Law Code of Hammurabi and laws today. Explain whether or not you believe that the punishments listed in the Law Code of Hammurabi "fit" the crimes.
Dealing with dissatisfied and disgruntled customers is, perhaps, one of the greatest sources of conflict for retailers. Is Nordstroms's approach to customer service and customer relationship management an appropriate way to defuse or prevent potentia..
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