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The annual demand for a product is 15,000 units. The weekly demand is 288 units with a standard deviation of 80 units. The cost to place an order is $32.00, and the time from ordering to receipt is six weeks. The annual inventory carrying cost is $0.10 per unit. Find the reorder point necessary to provide a 90 percent service probability. what is the Reorder point? Suppose the production manager is asked to reduce the safety stock of this item by 45 percent. If she does so, what will the new service probability be? what is the Service probability?
Identify four research sources that provide context for at least three activities of strategic leaders. At least two of these must be from your own research. Using the resources you have identified, describe specific characteristics of leaders and ac..
fast delivery company delivers packages and business documents for local businesses located in the houston metropolitan
Operations management is a very broad field of study and you have covered a lot of material in the first half of the course. Using a real service or manufacturing operation that you have experience with, evaluate the elements that they would have to ..
Identify an organization that uses the Six Sigma DMAIC improvement approach. Describe in a short paper some of the ways that this organization has applied DMAIC and the results it has achieved.
Operating a business in an ethical manner takes time, effort and commitment. What are the key elements to a company having successful organizational ethics? What can we do as managers to encourage ethical behavior and to raise ethical standards in..
One of the more common approaches to developing a vision and mission statement begins with____ Hiring a marketing consultant, Surveying customers for product development
Determine the various control and support functions needed to manage a small business effectively. Which best practices can be applied to the greatest number of small businesses? Explain your rationale.
How effective are actions by project managers (or individuals in other business leadership positions) in accomplishing company objectives?
Eventually, the United States and Iran will have to sit down and negotiate the use of nuclear power. Discuss the issues that could be involved in such a negotiation. What cognitive mistakes might be made by negotiators in this case? How could these m..
What is the impact of small econmies of scale on industrial Structure?
It currently costs a total of $1,000 for an automobile engine repair following a breakdown. This is based on performing oil changes every 60,000 miles. However, for every 10,000 miles an oil change is delayed, the engine repair costs following a brea..
Cloris employs one sales representative at a salary of $40,000 per year. If Johnson reduces advertising budget by $20.000 she expects to 75 fewer units. Should he lower her advertising budget.
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