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Which is NOT true regarding differences between goods and services?
A) Tangible goods are generally produced and consumed simultaneously; services are not.
B) Most goods are common to many customers; services are often unique to the final customer.
C) Services tend to have a more inconsistent product definition than goods.
D) Services tend to have higher customer interaction than goods.
E) None, i.e., all of the above are true.
Draw a decision tree showing the decisions, chance events, and their probabilities, as well as the profitability of outcomes, and solve the decision tree EVsmall expansion = $, EVlarge expansion = $
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Give a brief explanation of why or why not, and be sure to address each of the four questions that comprise this problem.
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Sage Lorimer runs an electronics store that sells a variety of gadgets, accessories, and general consumer electronics. The daily demand for a particular item is 21 units, the lead time is 10 days on average, the standard deviation of the lead time is..
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Weekly demand for Motorola cell phones at a Best Buy store is normally distributed, with a mean of 300 and a standard deviation of 200. Motorola takes two weeks to supply a Best Buy order. Best Buy is targeting a CSL of 95% percent and monitors its i..
Use EPQ to calculate the the order quantity? What is the total annual inventory cost of the EPQ plan?
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Ross White wants to reconsider his decision of buying the brackets and is considering making the brackets in-house. he has determined that set-up costs would be $25 in machinist time and lost production time, Calculate the daily demand rate. Calcualt..
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