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A product has average daily demand of 10, a daily standard deviation of 1.5, a lead time of 2 days, and there are 25 on hand. The lead time is 2 days and the order Interval is 7 days. If the company desires a 90% service level, calculate the reorder quantity.
ABC Aircraft uses 3,000 drill bits annually. Each drill bit costs $50 and each order ABC places costs $25. The annual carrying rate is 40% of unit cost.
The Solomon Law Firm produces many legal documents that must be typed for clients and the firm. Requests average 8 pages of documents per hour, and they arrive according to a Poisson distribution. The secretary can type 10 pages per hour on averag..
define human error and explain the hfacs method used to classify human error and how hfacs can be both reactive and
What is the purpose of inventory? How does inventory management impact operations performance objectives? Provide specific examples.
Discuss the general procedure for determining the order quantity when price breaks are involved. Would there be any difference in procedure if holding cost were a fixed percentage of price rather than a constant amount?
Compute the average product cost. In order to reduce the number of wrong orders, Burger Shack is going to invest in a computerized ordering and cash register system. The cost of the system will increase the average order cost by $0...
Picked Southwest Airlines for this week’s topic since I flew their ABQ to LAX route so many times over the past 4 years and really enjoyed my experience. Before I started researching this week’s topic, I was sure I would be writing about “Focused Cos..
Illustrate what is service factor for this system. Illustrate what is average number of these machines in service. Illustrate what impact on machines in service would there be if a second technician were available.
How would you characterize Best Buy's competitive strategy? Should it be classified as a low-cost provider strategy? A differentiation strategy?
List the major competitive dimensions that form the competitive position of a firm and discuss whether each one is either a low-cost strategy or a differentiation strategy.
Explain the importance of the project life cycle to project management. Identify and define the phases within the project life cycle and explain their importance to the project being successful.
Use technology and information resources to research issues in software engineering. Write clearly and concisely about software engineering using proper writing mechanics and technical style conventions
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