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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 41 gallons, which provides a stockout risk of 9 percent. What amount of safety stock would provide a stockout risk of 3 percent? Assume normality.
Safety Stock ______Gallons
Even though you are the project manager and one ultimately responsible for planning and implementing the project plan-Draft a memo outlining your ideas how two of following team members could integrate risk management in their jobs:
Calculate the annual holding cost plus the annual ordering cost to get the total annual cost when using an order quantity of 200 boxes. Calculate the EOQ and the total annual cost for this order quantity.
Social perceptions of the ethical fabric of entrepreneurs is typically mixed. While entrepreneurs are many times seen as individuals who will stop at nothing as long as they achieve their goals, they also have a reputation to keep in their communi..
Determine the size and timing of planned-order releases necessary to meet delivery requirements using Lot-forLot ordering policy.
If you can not remember such a situation from your own work history, you may write about an organization that you can read about in the press.
MacDonald Products, Inc., of Clarkson, New York has the option of (a) Proceeding immediately with production of a new top-of-of-the-line stereo TV that has just completed prototype testing or (b) Having the value analysis team complete a study If Ed ..
The traditional approach to Quality Management emphasizes defect detection and control. It has been advanced to its most refined form which we now call Six Sigma. Explain this tool, its 2 core concepts and the DMAIC process.
Describe what you see in the Career Services Fair. and what people wear, what people talking about. what are people doing in the Career Services Fair.
The employee notified the facility union representative, who promptly called OSHA to report the concerns. Subsequently, OSHA arrived and conducted an inspection; multiple violations were issued to the company concerning forklift operators who had ..
“In creating a strategy-supportive reward structure it is important to define jobs and assignments in terms of the results to be accomplished, not just in terms of the duties to be performed.”
Elucidate how does percentage likelihood of a successful negotiation change over course of time. Use statistical data to inform plan also course of action department will take in this hostage situation.
Describe the preferred timing and objectives for a business plan. Create a contingency plan to address major problems or setbacks as they occur
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