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Suppose that an auto part in a manufacturer's inventory has the following characteristicsForecast Demand= 1250 cases per weekForecast error, std.dev.= 475 cases per weekLead Time= 2.5 weeksCarrrying costs= 30% per yearPurchase prics, delivered =$56 per caseStockout cost= $10 per caseProbability of being in stock during the Lead time, P = 80%
a. Design a reorder point control system for this part, given the assigned P. How would you state the inventory control policy f the ROP>Q*?b. Design a periodic review system for this part. Now assume that the probability of being in stock extends to the order interval plus lead time.c. Determine and compare the relevant cost odf each approachd. What service level (Fill rate) do you achieve with both designs?
Jim's Outfitters, Inc., makes custom fancy shirts for cowboys. The shirts could be flawed in various ways, including flaws in the weave or color of the fabric, loose buttons or decorations, wrong dimensions, and uneven stitches.
Define operations management. Explain how operation management's role is applied to your chosen organization.
Doris Washington recently assumed her new position as HR Director at the XYZ Company, a software development firm with approximately 350 employees.
A pizza delivery company promises to deliver all customer orders within one hour of receiving an order at one of its stores. Actual data for all pizza delivered during the past week showed that the average delivery time was 40 minutes and standar..
Demand for chairs is limited to 6 per day. Each chair requires 8 hours of labor and 2 board-ft. of wood, whereas a table requires 10 hoursof labor and 6 board-ft. of wood.
What types of people have more difficulty being team players? What helps promote good team player behavior? What do you think is more important for a good IT professional: strong technical skills or strong people skills?
Should Nike be held responsible for working conditions in foreign factories that it does not own, but where sub-contractors make products for Nike? Develop a graphic rating scale for a university teacher.
Illustrate what are political behaviours and dimensions of political behaviour. Illustrate what influences political behaviour. Explain how does power play a role in political behaviour.
Identify three of the product types that are primary moved using the five modes of transportation
Discuss fraud and abuse in healthcare. Provide at least three specific examples of fraudulent practices that have taken place in U.S. healthcare,
United Aluminum Company of Cincinnati produces three grades (high, medium, and low) of aluminum at two mills. Each mill has a different production capacity (in tons per day) for each grade.
Compute depersonalized demand for each semester. If the regression equation for depersonalized demands 250.82 + 4.53(X), compute forecast for Fall2010 semester.
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