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A cigar company stocks Cuban cigars that have variable lead times because of the difficulty in importing the product. Lead time is normally distributed with an average of 6 weeks and a standard deviation of 2 weeks. Average demand is also normally distributed with a mean of 200 cigars per week and a standard deviation of 25 cigars. a. For a 98% service level, what is the ROP? b. What is the ROP for a 90% service level? c. Explain what these two service level mean. Which is preferable?
Illustrate the overview of operational functions or departments? Organisations create products or deliver services and act rely heavily onto operational processes to create eff
Explain functions in which industrial manager is involved? The Industrial Manager is occupied in the given functions:- (i) Design products which will find acceptance in comp
A cigar company stocks Cuban cigars that have variable lead times because of the difficulty in importing the product. Lead time is normally distributed with an average of 6 weeks a
Why do reporting systems increase the risk of semantic security problems?
The director of social services of a county has learned that the state has mandated additional information requirements. This will place an additional burden on the agency. The dir
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Almost all project have deliverables dealing with documentation and customer ennoblement in addition to the primary deliverable
Demand curve to estimate the consumer surplus: Adam's demand curve for commodity X is: XA = 10 - 2Px . Betty's demand curve for commodity X is: XB = 10 - 3Px . (a) What is
Foster Company makes power tools. The budgeted sales are $420,000, budgeted variable costs are $147,000, and budgeted fixed costs are $227,500. What is the budgeted operating in
Examine two primary causes of HR failure in multinational ventures. Provide an analysis that describes the manner in which each of these causes can be overcome by having the approp
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