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Weekly demand for private label washing machines at Karstadt, a German department store chain, is normally distributed with a mean of 500 and a standard deviation of 300. Karstadt currently has a supply source in China that delivers machines at a cost of 200 euro. The lead time required by the supplier is normally distributed with a mean of nine weeks and a standard deviation of six weeks. A European supplier has offered to deliver washing machines with a guaranteed lead time of one week at a cost of 210 euro. Karstadt has a holding cost of 25 percent and targets a cycle service level of 99 percent. Should Karstadt accept the local supplier’s offer?
Describe how emotional intelligence and understanding personality types is important for developing relationships. Examine the extent to which you believe that personality profiles can help to reduce workplace conflicts. Describe personality types of..
If CHB purchases this bank, the requisite PPB will be established in county 5, and a base for beginning expansion in the region will also be established. What advice would you give the management of CHB?
Construct a pie chart that plots the percentage of patients unssatisfied with their meals. Set the control limits to include 99.73% of the random variation in meal satisfaction. Comment on the results.
Brown’s a local bakery, is worried about increased cost particularly energy. Last year records can provide a fairly good estimate of the parameters for this year. Wende Brown, the owner does not believe things have changed much, but she did invest an..
Discuss the importance of correlation, probabilistic branching and probabilistic calendars and how the aforementioned are useful for project cost risk analysis. Discuss how you would incorporate correlation, probabilistic branching and probabilistic ..
Businesses big and small are tweeting to inform the world about their companies. By asking the question "What's happening?," Twitter allows users to tell their followers about moments in their daily lives. How could Twitter be used as a tool to stren..
Because you will not be able to present this, ensure that each of the slides contains thorough speaker's notes you might use if you were presenting. Use the speaker's notes to explain each of the items on the slide in detail. Define Organizing inf..
The taxpayer Assistance Center (TAC) is a division of the IRS which provides free assistance to individuals to help them in the preparations of their tax returns. The number of individuals that receive assistance (q), is a function of the number of p..
It is time to re-emphasize the traditional methods and measurement courses within our education system. Business still needs to know how long it takes to produce its products and provide its services. Business still must schedule work through the fac..
Michael Plumb's job shop has four work areas, A, B, C, and D. Distances in feet between centers of the work areas are.
Explain the main merit of the Cpm index. One line should be enough. Explain the main difference between short-term and long-term process capabilities. One line should be enough. What is the main difference between control limits and specification lim..
Consider the topic of work / life balance in an organization. How should managers handle the personal needs of employees? How should employees handle the stress of their personal and professional lives? Is there really such a concept of work / life b..
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