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The annual demand for a product is 14,500 units. The weekly demand is 279 units with a standard deviation of 85 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 $0.20 per unit. a. Find the reorder point necessary to provide a 95 percent service probability. (Round your answer to the nearest whole number.) Reorder point b. Suppose the production manager is asked to reduce the safety stock of this item by 55 percent. If she does so, what will the new service probability be?
As the pet storeowner was explaining her idea for a promotion, the salesperson asked, "Do you think you should buy 3 or 4 cases of dog treats for your "Pamper Your Pet" promotion?
Once a dentist orders supplies from her supplier, it takes 20 days to receive them (i.e., the lead time is 20 days). A quick check of the stock of anesthetic indicates that 900 bottles are on hand.
Illustrate what are some of key technology elements that you see in your daily shopping. Illustrate what do you think will be next big technology development in order processing.
Cletus Inc. plans to overhaul the cafeteria menu and has formed a four person team to evaluate alternatives. The team identifies four criteria and their corresponding percentage weights.
Select one best practice from an organization or industry which you are familiar with also then whether which best practice can be implemented into the culture of a governmental entity also describe how it can improve service delivery to its citiz..
What do you think a court will decide here? If the company wants to comply with the FTC regulations on diet product claims, what language would need to change in the ads mentioned above?
Hiring a new person turns out to be very expensive, so Susan decided not to hire her. Instead, Susan decided to cross-train all the 4 current workers. After cross training, each worker can work on all the 4 stages. What is the capacity of Susan's ..
A plastic cup manufacturer is considering adding a new plant to keep up with growth in demand. The location being considered will have fixed costs of $15,200 per month and variable costs of $10 per box of 1,0000 cups produced. Cups are sold for a ..
Explain the problems of homelessness based upon the developmental, situational, and human needs perspectives
In Illustrate what ways can the BATNA approach be helpful when dealing with a powerful negotiator or strong personality, such as an agency or the clients themselves.
How might such systems differ between a low-cost restaurant such as McDonald's and a high quality, five star restaurant such as Le Cliq in Paris? How must these systems interact with the systems of supplies, vendors and customers?
Define the term compound interest. When corporations release earnings, they often include the prior year's numbers a well as the current year's. Often, the numbers are translated into percentage terms.
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