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Explain the specification of lead time.
Lead Time has:
(i) Time to place the order and to process the enquiries.
(ii) Time to send the order to the supplier.
(iii) Time for the supplier to complete the order.
(iv) Transportation time to reach the purchaser.
Lead time is to be occupied into consideration for setting the minimum, maximum and the order quantities for all time.
1. Two individuals, Vic and Val, are both working. Vic faces a 10 percent chance of becoming unemployed for three months and losing $12,000 of income. Val's probability of becoming
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I have soem charts that were done i word how do I gt them to you for someone to put in excel for me
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