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Daily demand for Microwaves at a MegaMart store is normally distributed with a mean of 14 units and a standard deviation of 4. The supplier, Bed Bath & Microwaves, takes on average about 9 days to supply a MegaMart order. The standard deviation of lead time is 3 days. MegaMart is targeting a customer service level of 95 percent (z = 1.65) and monitors its inventory continuously. How much safety inventory of Microwaves should MegaMart carry? What should their reorder point (ROP) be?
Megamart should carry 59 units of safety stock and should order their optimal quantity at 284 units
Megamart should carry 56 units of safety stock and should order their optimal quantity at 305 units
Megamart should carry 68 units of safety stock and should order their optimal quantity at 272 units
Megamart should carry 72 units of safety stock and should order their optimal quantity at 198 units
Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..
An analysis of the holding costs, including the appropriate annual holding cost rate.
Briefly explain Evolution and contributor of Operations management.
A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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