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A large supplier of electronic components has decided to control the inventory of a certain item by a periodic review, order up to R policy. The mean demand rate for this item is 500 units per year. The lead time? Is nearly constant at three months. The demand in the time? + T can be represented by a normal distribution with mean 500 (? + T) and the variance 800(? + T). The cost of each unit is $10, the inventory carrying cost rate is 0.10, the cost of making a review and placing an order is $15, and the cost of backorder is estimated to be $30. Find the optimal quantity and period for this problem.
A work sampling study is to be made of a typist pool. It is left that typists are idle 30 % of the time. How many observations should be made in order to have 395.5%
What kind of industries does a localization strategy makes sense? Why? When does a global standardization strategy make most sense? Why?
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how to compute quarterly index
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