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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 65 gallons, which provides a stockout risk of 9 percent. What amount of safety stock would provide a stockout risk of 3 percent? Assume normality.
The Wingtip shoe company forecasts the following demands during the next six months, Determine how Wingtip can minimized the total cost of meeting the next six month's demand on time.
ABC Company, a soft-drink vendor, has created a table of payoffs for three stocking decisions for three different states of nature:
Analyze the steps involved in crafting a wining business plan and make at least one recommendation for improving the process. Explain your rationale for making the recommendation you did.
Explain the advantages and disadvantages of SPT and EDD sequencing rules. Under what circumstances might you prefer one over the other?
From your accounting statements, how would you determine whether your firm is making positive economic profits or not?
Stan Garner resides in illinois and promotes boxing matches for Supersports, INC. an Illinois corporation. Garner created the conect of "ages" promotion- a three fight series of boxing matches pitting an older fighter (george foreman) against a young..
There are 3 main components to the systems implementation process, which are, organizing the team, determining project scope and expectations and establishing a project plan.
Analyze the cases under study in this document by addressing this question: "Should the court have invalidated civil rights as it did or did the court make a poor decision?" Explain your answer.
Which channels of distribution mentioned do you think are most efficient and why? Should the company consider discontinuing or adding channels of distribution to its strategy? Explain.
What are the internal areas that should be considered in analyzing a firm's resources and opportunities?
which ones, in your opinion, are the most difficult to overcome? 2. describe the major sources of supply base risk. what are some of the supply chian risk management tools available to avoid or mitigate supply chain risk?
Solve the problem by rolling back the decision tree. In the second gamble, you have a 40% chance of receiving $80, a 40% chance of receiving $60 also a 20% chance of receiving $50. Draw a decision tree to represent the problem. Solve the problem b..
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