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A small copy center uses five 500 sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of five boxes per week and a standard deviation of one half box per week. Two weeks are required to fill an order for letterhead stationery. Ordering cost is $ 2, and annual holding cost is 20 cents per box.a. Determine the economic order quantity, assuming a 52 week year.b. If the copy center reorders when the supply on hand is 12 boxes, compute the risk of a stockout.c. If a fixed interval of seven weeks instead of an ROP is used for reordering, what risk does the copy center incur that it will run out of stationery before this order arrives if it orders 36 boxes when the amount on hand is 12 boxes?
If the production order quantity is 200 units, what was the daily demand (rounded to the nearest whole unit)?
Illustrate what, according to you; are the accomplishments of quality leaders W. Edwards Deming also Joseph M. Juran. Illustrate what are the differences in the methods also techniques suggested by them.
Can the findings of trait approaches be used to train potential leaders? Which traits seem easier to teach? Which are more stable?
If she sells this information to dishonest hackers she will profit and since any loss the bank suffers will be covered by insurance, the bank will also not be at a loss too. What ethical character traits has Amanda failed to exercise?
Find a "real-life" example of one of the following institutions. Examples can be found in every state. A simple search for "Department of Corrections" is a good place to start. Medium-Security Adult Male Institution
This solution discussed the similarities and differences between operations and supply chain management. You have been asked to develop a short presentation on comparing and contrasting operations management to supply chain management.
What are the four major goals for IT? How are the four goals achieved? How does the integration of IT improve the management of supply chains?
Larry's boat shop wants to monitor number of blemishes in paint of each boat. Construct a c-chart to determine if their paint process is in control using subsequent data.
Distinguish between pure and mixed strategies in production planning. Provide examples of each strategy.
Select an activity you do on a regular basis (e.g., cooking a meal, cleaning the house, doing homework, etc.) and discuss how you could apply statistical quality control to improve the quality of the output of the activity you choose. Provide spec..
Consider strategic alternatives for the organization you selected for the Unit 1 assignment. The Organization selected is Nursing Homes. Why does the selection of strategic alternatives create direction for your selected organization?
what are two major environmental changes that you expect to have an impact on your organization over the next 5-10
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