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The Winfield Distributing Company has maintained an 80% service level policy for inventory of string trimmers. Mean demand during lead time is 170 trimmers, and the standard deviation during lead time is 60 trimmers. The annual cost of carrying one trimmer in inventory is $6. The area sales people have recently told Winfield's management that they could expect a $400 improvement in profit (based on current figures of cost per trimmer) if the service level were increased to 99%. Is it worthwhile for Winfield to make this change?
What is the most unconventional way that Linear Programming has been utilized to either minimize costs or maximize profits? Please use three examples that are applied to different industries. Thanks
Productivity can be improved by
Write an essay on how your words and deeds has influence a friend self concept, and discuss which parts of the self concept you have affected. Identify any way you could communicate more effectively.
Use the Internet to research a publicly traded company in the United States that has undergone a merger or acquisition within the last three (3) years. Take note of the circumstances surrounding the merger or acquisition.
Do you see any parallels between today's China and post-World war II Japan? What differences are evident?
precision parts has determined that for the company to expand globally over the next several years its managers must be
Choose a favorite company, a national/international company. Which Marketing PR tools has the company used or is using currently to launch a new product, defend a product that has encountered a PR problem, or reposition a mature product? Provide an e..
Who should and should not serve on a board of directors? what about environmentalists or union leaders? Explain the relationship between corporate governance and social responsibility?
Former Prime Minister of France, Jack Lang, a critic of the globalization of U.S. consumer culture, said in 1982, "A real crusade against… this financial and intellectual imperialism that no longer grabs territory… but grabs consciousness, ways of th..
There are ethical issues and potential ramifications to consider in marketing, when unhealthy products (or those that would be unhealthy when consumed in excess) are sold. Examples could include some of the advertising used for sodas and sugary drink..
Jim Jones is attempting to monitor a filling process that has an overall average of 705 cc. The average range is 6 cc. If you use a sample size of 10, what are the upper and lower control limits for the mean and range?
Describe three of the testing categories identified in the textbook. Identify how the each if the three testing categories can be applied to the pre-employment process.
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