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Consider the following for a purchased item. Time between reviews= 3 months lead time= 2 months unit cost= $590/unit cost of capital= 20% demand= 2773 units/year with standard deviation= 84 units/year desired cycle service level is 99.9% ordering cost is insignificant A. What is the associated order policy? B. It is now the end of a review cycle. You are expecting a previously ordered shipment of 520 units to arrive within a week and you physically have 493 units on hand. Considering the policy you developed in part A now, how many, if any at all, should you now order?
Operations Management in Changing Global Environment
Brass Knuckle Company wants to buy a new machine which will not increase its revenues, but that will reduce its costs by $10,000 per year. The machine will cost $60,000 and will have a useful life of nine years. At the end of the machine’s useful lif..
Paul has his home and its contents insured under a Homeowners 3 (special form)policy. He carries $160,000 of insurance on the home, which has a replacement cost of $200,000. Explain the extent to which each of the following losses is covered. (Ignore..
Calculate the new compa-ratio for this individual after receiving the 7% pay increase. Calculate the new midpoint, minimum, and maximum as of January 1, 2014.
How did the organization's internal resources and financial capabilities affect your financial plan? How will they affect implementation of the plan
How transferable is the Grameen Bank's business model? Would it work in your country? How important are the cultural values of Banglasheshi society to its success?
Watch a movie or television show-at least thirty minutes long, preferably longer. The show can be anything you choose, but it must be a fictional narrative. That is, it should not be a documentary, a reality show, a cooking show, a talk show, a news ..
Automobiles arrive at the drive-through window at the downtown Baton Rouge, Louisiana, post office at the rate of 4 every 10 min. The Average service time is 2 min. The Poisson distribution is appropriate for the arrival rate and service times are ex..
Explain why adding as much contingency reserve as needed to fully cover every risk to its fullest would or would not be a good idea. Think of an example to determine how much contingency reserve is needed for a project and why.
You are Vice President of Supply Chain Management in a major organization. What processes and procedures would you implement to maximize the efficiency and minimize the costs of the transportation portion of your company's supply chain
Determine the monitoring and control process that will be utilized for the project. Include discussion on how you would perform earned value analysis to provide details on project status. Determine the values that could be utilized to calculate pl..
How much would the average number of trucks waiting for loading/unloading have to be reduced to make the two-channel truck dock economically feasible?
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