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At a local Costco, there are exactly 4 types of ink-jet printers. The weekly demand for printers is estimated to be normally distributed with mean 360. The 4 brands have equal market share on average at that Costco, and the standard deviation of demand for each type is 30 units/week.Assume that printer demand is independent across brands (suspend your belief in substitution for a while...). Two of the competing brands operate a warehouse each in Central Valley and take 4 and 5 days to replenish an order, respectively, while the third and fourth competing brands operate warehouses each in the NoCal region and takes 6 and 7 days, respectively, to deliver a replenishment order. Costco sets a stringent target of 99% fill rate, which means customers should not face stock-outs under any normal circumstances.1. What is Costco's safety stock for each brand of printer?2. What is Costco's reorder point for each brand of printer?The store manager for Costco is a person who hates inventory. She observes that Costco's shelves are overflowing with printer pallets, so she comes up with the brilliant idea to ask the suppliers to reduce the price in exchange for footing the bill for holding all that inventory.3. Suppose printer holding costs are $5/unit/week (which also accounts for the obsolescence costs), what is the price discount in absolute $, she should ask for from each supplier to offset the holding costs?4. What is your inference regarding the price savings Costco can pass on to its customers for every day it saves in supplier lead times for replenishment?
Distinguish between pure and mixed strategies in production planning. Provide examples of each strategy.
Determine the optimum efficiency and outfput for adding one, two, three, four, five, and six more machines.
Were all of the issues Wal-Mart now faces already evident in the 2003 case study?
Imagine that you are managing a project that involves the development of a new hotel in Washington, DC, near all of the major tourist attractions.
Analyze the situation and determine what specific challenges that manager would face.
Ordering and holding costs are low, and you just lump them all into your overhead costs. What is a good reorder point?
what are the three main staffing strategies for international business? Which strategy becomes more popular now for global organizations and why?
Why do you think the heavy social-media users surveyed by the Ethics Resource Center were more likely than other employees to believe employ-ees are justified in making personal use of com-pany software and confidential data
Superior Company draws a check payable to Ted. Uri makes a note payable to Vital Finance Corporation.
The real risk-free rate, r*, is 2.5%. Inflation is expected to average 2.8% a year for the next 4 years, after which time inflation is expected to average 3.75% a year.
The mean lifetime of all light bulbs produced by a manufacturer is unknown. A sample of 144 bulbs is randomly selected and tested.
How does national culture affect strategy? To what extent do different approaches to strategy, different ways of thinking about strategy
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