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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 thatCostco's shelves are overflowing with printer pallets, so she comes up with the brilliantidea 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?
Upon graduation from college, Bob, Carol, Ted, and Alice formed Kotaku, LP, a limited partnership, to distribute video gaming software over the Internet.
Prepare your recommendation for Bushwood if their objective is to minimize costs. Assume that service times for each option follow exponential distributions.
Experience differentiation is an extension of product differentiation, accomplished by utilizing people's five senses to create an experience rather than simply providing a service.
Considering the huge liability associated with workers getting injured on the job, evaluate if implementing of 58 in the work place can help with reducing the risk of these liabilities for an organization, by increasing safety?
A large bakery buys flour in 25-pound bags. The bakery uses an average of 1,215 bags a year. Preparing an order and receiving a shipment of flour involves a cost of $10 per order. Yearly carrying costs are $75 per bag.
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What new ideas and concepts are you taking away from this class after this semester about Global Business
How did the spotlight program improve the use of feedback?
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Describe what your role would be in a network organization and the capabilities and roles of other firms you would want in your network.
What advantages accrue to training evaluation that measures return on investment (ROI)? What are some of the obstacles to implementing ROI measures, and how can they be overcome?
A local market research firm has just won a contract for several thousand small projects involving data gathering and statistical analysis. In the past, the firm has assigned each project to a single member of its highly-trained professional staff.
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