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1. The injection molding department of a company that operates 24x7 uses an average of 33 gallons of special lubricant per day. The usage of lubricant is normally distributed with a standard deviation of 2.7 gallons per day and it takes 4.5 weeks for an order of lubricant to be delivered. If safety stock is set equal to 10 days of average demand, what is the reorder point? Carry answer to 4 decimal places
2. The injection molding department of a company that operates 24x7 uses an average of 35 gallons of special lubricant per day. The usage of lubricant is normally distributed with a standard deviation of 9.2 gallons per day and it takes 7.1 weeks for an order of lubricant to be delivered. If the target service level is 81%, what is the reorder point? Carry answer to 4 decimal places
3. The injection molding department of a company that operates 24x7 uses an average of 51 gallons of special lubricant per day. The usage of lubricant is normally distributed with a standard deviation of 4.6 gallons per day and it takes 1.3 weeks for an order of lubricant to be delivered. If the company can tolerate a probability of stockout equal to 4%, what is the reorder point? Carry answer to 4 decimal places.
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
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A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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