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The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit. Find the reorder point necessary to provide a 98% service probability.
Suppose the production manager is asked to reduce the safety stock of this item by 50%. If she does so, what will the new service probability be?Type your question here.
Share your story with your other team members via the team discussion board. Discuss whether this exercise could make a contribution to leadership development.
A consultant recommends that the retailer should set up a consolidation warehouse in Shanghai that collects all the products from suppliers and pays them, and organize ocean shipping to the US. Would such a strategy save cost ? Explain
An automobile brake supplier receives an average of 1,000 orders per week. An average of 500 orders are waiting to be processed.
Suppose that instead of measuring shortage in terms of cost per shortage year, a cost of S dollars is incurred for each unit the ?rm is short.
What are the three elements necessary for the formation of a business contract? What are the six defenses to formation of a contract? Illustrate your definitions with examples of each. Why is contract law so important in our free enterprise econom..
What insights do these features provide about the behavior of humans in organizations and how does each of these concepts influence human behavior?
Provide at least three examples of measures that the government could employ. Why did you choose these examples?
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.
Should managers attempt to motivate employees with different ethnic backgrounds all in the same manner? Why or why not?
How many DVDs should Blockbuster order and what is its expected profit and what is the profit that the studio makes given Blockbuster's actions?
What are the ethical implications of reverse engineering.. Is it leagal, moral.. Please discuss this topic with your personal and believe system.
Prepare a brief analysis of the vacation cruise industry using Porters Five Force Analysis. Briefly discuss the nature and strength of each of the five competitive forces. Identify the factors that are driving change in the industry.
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