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Phillip Witt, president of Witt Input Devices, wishes to create a portfolio of local suppliers for his new line of keyboards. As the suppliers all reside in a location prone to hurricanes, tornadoes, flooding, and earthquakes, Phillip believes that the probability in any year of a "super-event" that might shut down all suppliers at the same time at least 2 weeks is 2%. Such a total shutdown would cost the company approximately $520,000. He estimates the "unique-event" risk for any of the suppliers to be 5%. Assuming that the marginal cost of managing an additional supplier is $16,000 per year, how many suppliers should Witt Input Devices use? Assume that up to three nearly identical local suppliers are available.
Which of the following is NOT a benefit of developing a mission statement?
What is Gorman's optimal decision strategy? What is the expected value of the market research information? What is the efficiency of the information?
A company that needs help with implementing a process you have little familiarity with has contacted you. Although you could most likely learn it, you would not be a subject matter expert in the period in which they need you. You are certain you coul..
Corporate Ethical Code of Conduct should be well-thought out, specific, written with clarity and comprehensive in nature. You can be guided by reviewing actual corporate codes of conduct but are cautioned to not copy any portions of them into you..
External rewards, such as money or punishment, will be successful in building commitment _____.
Drew's refusal to hire Hispanic companies is not a violation of Title VII of the Civil Rights Act because that law does not cover discrimination against independent contractors.
What is the most challenging aspect of the creation of your academic plan. Why. Think critically. What changes might you anticipate you will need to make to your academic plan moving forward.
Consider a supply chain where a manufacturer sells to a distributor who sells to a wholesaler who sells to a retailer. Last year, the retailer's weekly variance of demand was 4000 units. Calculate the bullwhip measure for the retailer. Calculate the ..
How have stereotypes such as gender differences in reference ito an individual’s reaction to an organization, job search behavior, and overall selection decision influenced your perception of diversity? How has this perception been formed?
Classify the following services by their degree of customer contact (high, medium, or low). Also, determine how much uncertainty the customer introduces into the service delivery system by the ability to make customized service demands (high, medium,..
michael porter was a business researcher who made popular the concept of a value chain that is common to most business
Discuss customer service level for an inventory system within the context of quality management.
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