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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?
What are three risks of not including best HR practices into the management of a project?
Assume you are the manager of a department in an organization. Select three of the theories you learned about this week that you believe will be most useful in managing your staff. Address the following: Explain why you find the three theories you se..
Setup times are negligible. If the policy variable for unforeseen contingencies is set at 5 percent, explain how many containers should Jitson authorize for the gear replenishment system.
What percentage of organizations do you believe really understand (thoroughly) what resources and capabilities they own, which they need to develop or acquire, and how they should effectively deploy those resources and capabilities? Provide a rationa..
A one page of Current ethical and/or legal issues surrounding Amazon as it relates to their processes and assembly?
What advantages and disadvantages do pop-up stores such as the ones described here offer entrepreneurs?
GH4. What is going to be the average number of attendees in the computer area (either waiting for a computer or using a computer)? (Your answer does NOT have to be an integer.)
what were some of the key problems confronting Japanese first responders to the chemical attack on the Tokyo subway by Aum Shinrikyo? Identify three key problems. How might they have been avoided?
Choose one of the rules of constraint/bottleneck management listed below (as demonstrated in the storyline of The Goal) and briefly discuss the concept as related to the diagram of the layout of a dentist's office shown on the diagram here.
What was the court verdict and penalty? Do you feel that it was appropriate? Why or why not? Support your opinion with research from at least two scholarly sources
Suppose the production of a product consists of two operations. Defects can occur at each operation. There were 60 defective units out of the total 4,000 units produced.
Why is discipline the most significant issue for union and management? Describe how this significance has shifted over time.
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