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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.
1. Which one of the following statements is NOT true of apprenticeships? Most apprenticeship programs are in the skilled trades. A major advantage of apprenticeships is the a
What is meant when a variable, like the possible selling prices for a new item like a mouse pad, is said to be uniformly distributed?
Customers have the sole responsibility for prioritizing their own needs, selecting a contractor to perform their project, and terminating a project that is not working.
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A stock has an expected return of 10.2 percent, the risk-free rate is 4.5 percent, and the market risk premium is 8.5 percent. What must the beta of this stock be?
(Oscar's Office Building) Oscar is considering getting into the real estate business. He's looking at buying an existing office building for $1.8 million in cash. He wants to estim
Describe the framework of the general model of planned change. Include a discussion of each activity and a typical sequence of events.
What short-run, long-run and policy options are available to employers in lieu of layoffs? Explain.
Exponential smoothing adds a percentage (called) of last period's forecast to estimate next period's demand
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