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Ray wishes to determine the best order size for its best-selling product. Ray has estimated the annual demand for this product is 1,000 units. His cost to carry one unit is $100 per year per unit, and he has estimated that each order costs $25 to place.(1) Using the EOQ model, how many should Ray order each time?Assume 250 work-day per year. If the lead-time is 20 days and daily standard deviation is 2, and Ray wish to provide a 90% service level,(2) What level of safety stock Ray needs to keep?(3) What is the reorder point?(4) If Ray wishes to increase the service level to 95%, then what is the new level of safety stock?
Examine explain how Alegent's practices match with the recommended retention practices covered. Explain why was a broad depend approach to nursing retention important.
Explain how would information be used within ford motor business. Illustrate what major problems would you anticipate need solving prior to implementing system.
Even though you are the project manager and one ultimately responsible for planning and implementing the project plan-Draft a memo outlining your ideas how two of following team members could integrate risk management in their jobs:
A Corporation which produces pleasure boats has decided to expand one of its lines. Discuss what other factors might be considered in choosing between expansions
Compute forecast for 11th month using Exponential Smoothing Method in case smoothing component, α=0.20. illustrate what is probability which both are defective.
Explain how can companies that are forced by demand fluctuations to use contingent workers avoid the problems that can accompany their use.
A manager wants to determine the number of containers to use for incoming parts for a kanban system to be installed next month. The process will have a usage rate of 68 pieces per hour
Assuming the addition of one or more clerk, illustrate what is the number of applications that the process can handle. Elucidate how would you suggest modifying the process in order to accumulate 120 applications per hour.
At Dot Com, a large retailer of popular books, demand is constant at 32,000 books per year. Illustrate what is the reorder point. Illustrate what is the inventory position immediately after an order has been placed.
Elucidate what is the Pygmalion Effect as it relates to leadership also management. Why is the Pygmalion Effect important when implementing a Strategic Quality Management initiative or any change initiative.
If machine produces 2000 or more units a week, it is possible to export all production as a single bulk order. n re is a 60% chance of selling for 50% more profit and a 40% chance of selling for 50% less profit. Illustrate what should be d1 to max..
X and Y are foreign exchange traders in Germany. X agrees to sell 100 million Mexican pesos to Y for delivery within 1 week at an agreed price in German marks.
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