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Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 60 (and was normally distributed). Furthermore, the standard deviation for BX-5 was 7. Ms. Flynn would like to maintain a 90% service level. a) what safety stock level do you recommend for BX-5 b) what is the appropriate reorder point?
Johnson corporation has the following information about a product that it carries in stock: Average demand= 40 units per day Average lead time= 15 days Item unit cost= $55 for orders of less than 400 units Item unit cost= $50 for orders.
Compare and contrast the application of information technology (IT) to optimize police departments' performance to reduce crime versus random patrols of the streets.
The coffee breaks are staggered, starting at 90 min into every shift. Meal breaks also staggered starting 3.5 hrs into every shift. Create a simulation model of this system. In the simulation, draw a simple layout of the above system.
Elucidate how would you have ruled on the case when it was tried in 2001. Elucidate. Would the result be any different today after the Supreme Court's 2005 decision in the New London, Connecticut, case. Elucidate.
Compute the labor productivity and the multifactor productivity for each unit. Use an 8 hour day for multifactor productivity. And if a new procedure is introduced that allows employees to process one additional customer per day
The latest economic news was not very positive. Unemployment rates were higher than expected, consumer confidence had fallen
Profit contributions are $6 per bunch of roses and $8 per bunch of carnations. Formulate this problem as a linear programming problem.
An appliance dealer must decide how many (if any) new microwave ovens to order for next month. The ovens cost $220 and sell for $300.
Draw a decision tree showing the decisions, chance events, and their probabilities, as well as the profitability of outcomes, and solve the decision tree EVsmall expansion = $, EVlarge expansion = $
For one or more of the sources of waste identified in part a) write a one paragraph description of what you would do as Operations Manager to reduce or eliminate this waste.
What is the chocolate raw material safety stock Christian needs to hold? What is the expected inventory level for the chocolate raw material?
Formulate the linear programming (LP) model for this problem by stating the decision variables, writing the objective function, and all the relevant constraints.
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