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Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 21 gallons per week and a standard deviation of 3.5 gallons per week. The new manager desires a service level of 90 percent. Lead time is two days, and the dairy is open seven days a week.a. If an ROP model is used, what ROP would be consistent with the desired service level? How many days of supply are on hand at the ROP, assuming average demand?b. If a fixed interval model is used instead of an ROP model, what order size would be needed for the 90 percent service level with an order interval of 10 days and a supply of 8 gallons on hand at the order time? What is the probability of experiencing a stockout before this order arrives?c. Suppose the manager is using the ROP model described in part a. One day after placing an order with the supplier, the manager receives a call from the supplier that the order will be delayed because of problems at the supplier's plant. The supplier promises to have the order there in two days. After hanging up, the manager checks the supply of walnut fudge ice cream and finds that 2 gallons have been sold since the order was placed. Assuming the supplier's promise is valid, what is the probability that the dairy will run out of this flavor before the shipment arrives?
Consider the four functions of management (planning, organizing, facilitating, and controlling) and the healthcare organization. In what ways (choose at least four) can the healthcare manager support quality improvement within the organization?
Develop the portion of the simplex tableau involving the objective function coefficients, the coefficients of the variables in the constraints, and the constants for the right-hand sides.
Describe the differences between bureaucratic and decentralized control. What are the advantages and disadvantages of each?
Perform an Internet search via Google: “Nantucket Nectars ERP” and select and read the articles at the following sites: Nantucket Nectars Implements Oracle’s E-Business Suite and System Plan.
Identify the product or service, then answer the following questions: Why did you purchase the product or service?
A manufacturer of disk drives for laptop computers wants to achieve a MTBF of at least 50,000 hours. Recent test results for 10 units were one failure at 10,000 hours, another failure at 25,000 hours, and two more failures at 45,000 hours. The remain..
Oakwood Outpatient Clinic is analyzing its operation in an effort to improve performance. Describe process velocity also efficiency for the clinic.
Additionally, cash dividends declared and paid during Year 2 totaled $165,000 of which $15,000 were preferred dividends. The market price of a share common stock on December 31, Year 2 was $180,000.
Assuming each cakes costs the same to make, what is the average cost to produce a cake?
A car rental agency uses 96 boxes of staples a year. The boxes cost $4 each. It costs $10 to order staples, and carrying costs are $0.80 per box on an annual basis
do you think that the commonly held goal of maximizing shareholder wealth forms the basis of identity for our
Two speakers are separated by a distance of 3 m. A point P that is in front of the speakers whose perpendicular distance from the line joining the speakers is 2.2 m.Point P is between the speakers and is 2.5 m from the speaker on the right. speed of ..
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