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Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.65 per unit. To provide a 98 percent service probability, what must the reorder point be? Suppose the production manager is told to reduce the safety stock of this item by 100 units. If this is done, what will the new service probability be?
Consider how the information you've gathered can be used to solve a problem, work on a team, and function within a business environment.
Interview a few people and ask them "What type of breakfast do you prefer," and prepare a basic research report. Report should have the following structure: Introduction: State a clear and testable hypothesis or a statement where you take a position ..
Conduct a search for transactional leader of Liberty University's Online Library resources to find 3 peer-reviewed articles.
There are as many traditional organizations relying on centralized decision-making, as there are non-traditional organizations that rely on de-centralized decision making. Do some quick research to find 3 Spider and 3 Starfish organizations. You can ..
What is the most essential ingredient in wealth creation and economic growth in individual economies and globally?
Is professional development the responsibility of the employer or the employee? What if the employee is licensed and required to have a license to work?
Who is responsible for providing the infrastructure required by an innovative technology? What other priorities exist besides profit margin?
In light of the IndiaMART organization’s Value Proposition and Value Discipline,
What is the implications of the assessment method has on a hiring process.
An article published in the Wall Street Journal in December 2008 remarks that” Employers eliminated nearly two million of jobs this year, and no relief is in sight”. Is two million likely to be an accurate estimate of the number of jobs eliminated in..
Perform a SWOT analysis for the counseling center of Hillsboro University and answer the following questions What are the real issues at stake? If you were to be involved in a planning process like the one suggested by the university vice president, ..
What are the key design principles that govern the effectiveness of this process. Did you observe lag times in the process
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