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A retailer sells handmade teak folding deck chairs at an average rate of 2 per week. The lead time from the craftsman is 8 weeks. a) What is the average demand during the replenishment lead time? If we set the base stock level equal to average lead time demand, what will be the fill rate? b) Suppose that the standard deviation of demand during the lead time is equal to the square root of average lead time demand. What base stock is needed to achieve a fill rate of 95 percent? What is the reorder point for this base-stock policy? c) If we left ROP at the level in part b) but ordered chairs in batches of 2, would the fill rate increase or decrease? Why?
Describe the similarities and differences between TQM and Six Sigma quality-management techniques.
What are the five elements of a training plan? How would you rank them in order of importance and which do you feel is most crucial? Why?
Develop a paper that will analyze the role of project pricing and estimating for your selected project. Include in your analysis the pricing process, labor distribution, pricing out work, and the low bidder dilemma
how training objectives align with course outcomes.
Cell Phone Bills the average monthly cell phone bill was reported to be $50.07 by the U.S. Wireless Industry. Random sampling of a large cell phone company found the following monthly cell phone charges: At the 0.05 level of significance can it be co..
By implementing alternate models of healthcare, providers of US healthcare are becoming more adept at managing patients with chronic diseases. Do you think this will lead the US to implement a national healthcare system? Explain your answer.
When communicating a change, which role is more important: reporter of information or sense maker? Why
Build an Analytical Tree. Flowcharting tools are available in both Microsoft PowerPoint and Word. For the flowchart, use the shapes and the line tools for the connectors. For titles and labels, simply insert textboxes. The logic flow of your analytic..
What is the concept of comparative norm in determining the basic wage rate? Why there are limitations to this approach? What has led companies to grant various forms of individual treatment to companies?
List at least three major vendors of BI tools (whether they offer just components or whole suites). What's the strategy of each in grabbing market share? How do these stated strategies translate into benefit for user companies?
Credit analysis is necessary to ensure which of the following. Credit terms are extended to customers who can pay according to the terms of the sale
Public Works administrators are planning the workforce of this division for next year. Labor hour requirements for the next year are 8,000, 14,000, 29,000, and 18,000, for quarters 1 to 4 respectively. Each of the current 15 workers on the workforce ..
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