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Montanso is a large bio firm that sells genetically modified seed to farmers at a price of $45 per kilogram (kg). Demand for the modified seed is Normally distributed with mean 450 units a month and a standard deviation of 50 units a month. The cost to produce the seed (including the cost to purchase the raw seed from the supplier) is $8 per kg. Lead time from the supplier for raw seeds is Normally distributed with mean 2 months and a standard deviation of .33 months. They store the seed in a warehouse and while the holding cost is negligible, the seed does occupy space that could be used to store another type of seed that Montanso knows it can sell at $4 a kg. 1: Suppose Montanso wants to provide a 95% service level. What should their reorder level be? 2 :Instead, suppose they want to maximize profit. What should their reorder level be? (Hint: there’s a reason I gave you revenue and cost data)
EBSCO Online Library, use the search function, and read the following article. Then complete the discussion forum question. Developing leadership talent in healthcare organizations.
Konkol Company is considering investing in an annuity contract that will return $46,000 annually at the end of each year for 15 years. What amount should Konkol Company pay for this investment if it earns a 7% return, rounded to whole dollars?
How can you systematically detect bias in your own decisions and biases in others? What is the five-step process that will assist you with adjusting the decisions of others? Describe. Which step in this process would be most beneficial in your curren..
The once mighty General Motors, unable to survive by meeting the needs of customers turned to the taxpayers for a bailout in the U.S. In Europe its Opel subsidiary required similar life support from the German government. However, GM wanted to get..
Compare the organizational structures of Google and Walmart. Explain what types of control processes might be found in each of the organizational structures.
The Weemow Lawn Service wants to start doing snow removal in winter when there are no lawns to maintain. Jeff and Julie Weems, who own the service, are trying to determine how much equipment they need to purchase, based on various job types they have..
Read the case study Coca-Cola's RFID-based Dispenser Serves a New Type of Business Intelligence (attached PDF) and to answer the four questions:
What is the average number of calls waiting to be connected to the reservations clerk? What is the average time a caller must wait before reaching the reservations clerk?
Determine the fraction defective in each sample. If the true fraction defective for this process is unknown, what is your estimate of it?
you are a new member of the operations team of a midsize manufacturing company with 500 employees. the decision makers
Write an email response in which you address the following points: Determine which project might be implemented and why (e.g. feasibility study, breakeven analysis, etc).
In your judgment who would be the best and the worst celebrity endorsers for each of these products/services: MADD, Dell, and Lamborghini. Identify a celebrity who endorses more than one product or service. Explain why you feel these products are or ..
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