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The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons. It takes four days for an order to be delivered. Safety stock is 50 gallons, which provides a stockout risk of 9 percent. What amount of safety stock would provide a stockout risk of 3 percent? Assume normality.
What is meant by a trade-off. Who are the major players in performing trade-offs. Describe strategic planning and why it is important for projects.
Zoe Garcia is the manager of a small office support business that supplies copying, binding, and other services for local companies. Zoe must replace a worn-out copy machine that is used for black and white copying. What is the break-even point for e..
Today, organizations are developing techniques to reduce the levels of inventory they must maintain, and their associated costs. For example, one evolving trend is to maintain showroom inventory. Approaches such as in-transit replenishment stock a..
using the following incident explain the importance of cnops and annexes in relation to capacity response recovery and
An activity has three estimates: Optimistic = 10 weeks, Pessimistic = 25 weeks, Most-Likely = 15 weeks. What is the estimate according to the three-point estimation method for this activity? What is the standard deviation for this activity?
Instructions:1. Please answer the assignment questions in this docx file and save once you're satisfied. Assignment 4 covers the lectures slides on Inventory Control and Decision Making. 2. There are three assignment problems.
Find the optimal solution to the LP Relaxation. Round down to find a feasible integer solution. Find the optimal integer solution. Is it the same as the solution obtained in part (b) by rounding down?
which of the following is the net requirement using an mrp program if the gross requirement is 10000 and the inventory
Explain why you believe author demonstrates good critical thinking also whether article meets criteria as explained in Cornell University site.
A builder has located a piece of property that she would like to buy and eventually build on. The land is currently zoned for four homes per acre, but she is planning to request new zoning.
Using a Heating and Air (HVAC) small business. What is the best possible location for my business within driving distance of where you now live? Explain your rationale. Discuss the layout and design configuration of a building you would like to use t..
What is the difference between significance and meaningfulness?
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