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A company tries to reduce all lead-times by 50 percent. There is a discussion concerning the impact of this change. As an example, an item in stock is considered. Demand is continuous and normally distributed. Inventory control is carried out by a (Q,r) policy with continuous review. The demand per week has mean 200 and standard deviation 50. Demands during different weeks are independent. Currently, the lead-time is four weeks and r=850 and Q = 600. Two questions have been raised.
a. What is the current fill rate (i.e., the fraction of demand met from inventory)?
b. Assume that the lead-time is reduced to two weeks, while r and Q are unchanged. What is the fill rate?
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What are three processes or legal devices a trial judge can use to try to ameliorate or remedy the effects of mass media publicity about a case?
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"Mack Jones has been a safety engineer at Zumwalt Processing company for almost 25 years. His son David is a recent college graduate who has been the assistant safety director at another company for just six months.
Which Option delivers the maximum profit for the supply chain:Sandras plan, Bills plan, or no promotion plan at all ?
A drinking water production system receives water from a reservoir. This water contains 0.005 g/L Ca(OH)2. To reduce the “hardness” of the water, it is mixed with a stream of limewater containing 1.5 g/L Ca(OH)2 to obtain the final product that is se..
Samuel Stouffer's study of soldier morale during World War II led to what conclusion?
Analysis of Strategic Factors. Since you are aware that your analysis of strategic factors or SFAS (Strategic Factor Analysis Summary) is based on IFAS and EFAS tables, and since we will need to understand your choices, you are required to submit the..
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