Convergence and divergence approaches to globalization

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1. Suppose you own a gas station. The daily demand for gasoline is 1500 gallons. You place orders to your supplier once every 15 days. Assume 360 days a year. Calculate the following: a. Order size in gallons b. The number of orders per year c. Time between orders d. Maximum, minimum, and average inventory level. e. Reorder point if the lead time is 4 days.

2. Distinguish among the “convergence” and “divergence” approaches to globalization discussed in the text. Discuss how a manufacturing firm with plants in a variety of global locations might illustrate each of these two approaches.

Reference no: EM132256586

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