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A fast-food restaurant buys hamburger buns from a national bakery supplier. The daily usage of buns at the restaurant is normally distributed with an average of 160 and standard deviation of 10. It takes 4 days for the supplier to deliver. The purchasing agent at the restaurant has established a 99.7% service level. Calculate: a) The Safety Stock and Reorder Point for the restaurant. b) The fast-food restaurant now considers ordering hamburger buns from a local bakery. To estimate its costs, the restaurant assumes now those buns are used at the (constant) rate of 100 per day and are purchased at $0.025 per bun. And it costs $1 for each order placed and the annual inventory holding cost per unit is 25% of the unit purchase cost. How much should be ordered (rounded to the nearest integer) each time to minimize the restaurant's total annual costs? And what is the length of order cycles (i.e. time between orders) in days? Assume the restaurant operates 360 days per year.
What is the difference between risk and uncertainty?
Illustrate what supply challenge would Red Fish, Blue Fish, face in expanding into South America. Do you recommend expanding aggressively into South America. Explain why or why not.
Past history says which tomorrow's demand for lettuce averages 250 boxes with a standard deviation of 34 boxes. Elucidate how many boxes of lettuce should supermarket purchase tomorrow.
Formulate a spreadsheet model that will give the profit in part b for any of the two numbers. Use the Excel goal seek command to calculate the break-even point found in part a.
There has been a new surge of mergers and acquisitions (M and A) in the last several years. Why is this? In the past, why have so many not been successful?
a) Calculate the EOQ for the workbooks. b) What are the annual holding costs for the workbooks? c) What are the annual ordering costs?
Identify slack in tghe activities not on the project critical path, Your boss would like you to suggest changes that could be made to the project that would significantly shorten it What would you suggest?
What is the expected value of the firm equity if the low-volatility project is undertaken? What is it if the high-volatility is undertaken?
Analyze recent failures in the global financial system and make at least one recommendation for systematic change that would prevent such failures from happening in the future
The level of ethnocentricity of an international firm business leader might influence his or her decisions relevant to cross-cultural issues
KLM Company is expanding its supply chain to include a new distribution hub in Miami. A key decision involves the number of trucks for the facility.
What are some of the possible biases and points of error that may arise in team communication systems? Use relevant research and citations. Please provide relevant work or project examples to support your thinking.
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