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Question: Solve Problem assuming that the lead time demand follows a Laplace distribution with mean and variance equal to that which was computed in Problem. What difference do you see in the (Q, R) values as compared to those for the normal case?
Problem: An automotive warehouse stocks a variety of parts that are sold at neighborhood stores. One particular part, a popular brand of oil filter, is purchased by the warehouse for $1.50 each. It is estimated that the cost of order processing and receipt is $100 per order. The company uses an inventory carrying charge based on a 28 percent annual interest rate. The monthly demand for the filter follows a normal distribution with mean 280 and standard deviation 77. Order lead time is assumed to be five months. Assume that if a filter is demanded when the warehouse is out of stock, then the demand is back-ordered, and the cost assessed for each back-ordered demand is $12.80. Determine the following quantities:
a. The optimal values of the order quantity and the reorder level.
b. The average annual cost of holding, setup, and stock-out associated with this item assuming that an optimal policy is used.
c. Evaluate the cost of uncertainty for this process. That is, compare the average annual cost you obtained in part (b) with the average annual cost that would be incurred if the lead time demand had zero variance.
Cutler argues that although Bowen owned the physical assets of the business, she, as a partner in the business, is entitled to one-half of the compensation that was paid for the business's goodwill and going-concern value. Who is correct? Explain.
Who would be interested in monitoring and spying on the collective intelligence of virtual communities?- As we create new and better ways to collaborate, what happens to information security?
Which the strategies of each company's business leaders
Managers have taken their role to the extreme by dictating their demands and strategically organize their own way of running a business.
From your own experience, describe a situation you were involved in where the conflict was dysfunctional.
Describe the Cross culture management with special references of japans companies in Germany in 3 to 5 pages.
Current Event Related to Innovation and Change Instruction - Write a one-page essay about a current event MLA Format No less than one page.
1. select a discrimination or sexual harassment case in the workplace that you are aware of or refer to an example from
Arguments about mergers and acquisitions often come down to an evaluation of who benefits and by how much. Sometimes the benefits include access to new products
Jones Memory Lane, Inc. restores photos for its clients and creates electronic images from the restored photos. The company also frames restored photos and creates sophisticated custom artworks.
Directions: Please write a one (1)page essay, in APA format, on the following: There are nine exemptions to disclosure under the Freedom of Information Act ("FOIA"). Choose one of the exemptions and discuss why it is important that the exemption b..
(b) How has J Crew been impacted by the external environment (analyze EACH force in detail: technology, economy, competitive, government, and social/cultural/natural environment). Provide references
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