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NOP Bicycle Parts uses a periodic review inventory control system for one of its stock items. The review interval is 6 weeks, and the lead-time for receiving the materials ordered from its wholesaler is 3 weeks. Weekly demand is normally distributed, with a mean of 100 units and a standard deviation of 20 units.
a. What is the average and the standard deviation of demand during the protection interval?b. What should be the target inventory level if the firm desires 97.5 percent stockout protection?c. If 350 units were in stock at the time of a periodic review, how many units should be ordered?
Southern Gas Company ( SGC) is preparing to make a bid for oil and gas leasing right in a newly opened drilling area in the Gulf of Mexico. SGC is trying to decide whether to place a high bid of $ 16 million or a low bid of $ 7 million
Discuss Lean Manufacturing Systems. Please reveal your thoughts about the movement from "push" to "pull" in both products and services and where you believe these will be headed in the next 10 years
What triggered the new product strategy at Minnesota Biolabs? What prediction would you make for the success of getting the country general managers in Europe and Japan to adopt the new product?
During the past year, the mean lead time demand for bandage BX-5 was 60 (and was normally distributed)
Why are many managers reluctant to take the actions necessary to correct deviations? Do you agree that if something isn't broke, it shouldn't be fixed? Why?
A 4 year old machine has a remaining book value of $21,000 and a second-hand salvage value of $30,000. You need to analyze the cost of keeping this asset to lease to another party for the next 3 years.
Explain how Could He Use Technical, human Also Conceptual Skills to Maintain an Environment Which Encourages Innovation also Professionalism among the Virus Hunters.
A T-Shirt Manufacturer has fixed costs of 125,000 dollars. She sells the T-Shirts for 10 bucks and has variable costs of 4 bucks per shirt. How many T-shirts does she need to sell to break even?
Develop a joint probability table and show the marginal probabilities. What is the probability of a household whose income exceeds $60,000 and who rejects the offer?
ABC Airlines has calculated the total costs (fixed and variable) for the passenger service flights between Los Angeles, California and Orlando, Florida.
calculate the change in the weighted distance, wd, score if Baker exchanges the location of the tool crib and inspection.
Cicleta manufacturing has four activities: receiving materials, assembly, expediting products, and storing goods. receiving and assembly are necessary activities; expediting and storing goods are unnecessary.
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