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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?
Explain in detail why change is necessary in organizations. Describe the effects that change can have on quality management with respect to employee commitment and quality levels.
Lead Time - Operations Management Estimated time from release of an order requesting the manufacture or procurement of any item until the time it is available. The lead time (
The local convenience store makes bread. Currently, their oven can produce 50 pieces of bread per hour. It has a fixed cost of $2,000, and a variable cost of $0.25 per bread. The o
Why do you think it's difficult to understand some of the basic cost terms in this chapter? Why aren't many technical people interested in cost-related subjects? What could be done
After working for 30 years, Ramjee Somjee Dutt opted for VRS and started a courier company and did very well in the first four years. He was now looking for expansion of his busine
Develop a system approach to performance appraisal that combines a group of appraisers, various times for appraisal, and a variety of instruments. Identify when each element would
Describe a specific example of the trade-offs between any two of the competitive dimensions.
What is operations strategy? Answer: Operations strategy is the plan and actions taken at operational level to support and implement the business strategy. An operations strate
Health Care Reform Bill Decision Making Essay Review websites for critical decision making in relation to the Health Care Bill of 2010. What do you believe the decision making p
Inatrode produces 4750 computer chips per day. Each day, a sample of 375 chips is tested for a period of 96 operating hours each. During the test, 3 failed at 15 hours, 5 failed at
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