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Demand for a product is relatively constant at five units per day. Lead time for this product is normally distributed with a mean of ten days and a standard deviation of three days. (a) What reorder point provides a 50 percent service level? (b) What reorder point provides a 90 percent service level? (c) If the lead time standard deviation can be reduced from 3 days to 1, what reorder point now provides 90 percent service? How much is safety stock reduced by this change?
Use the normal approximation to the binomial with a correction for continuity. Round your answer to at least three decimal places. Don't round any intermediate steps.
What is the percent change in multifactor productivity if Upton can reduce the energy bill by $1,000 per day without cutting production or changing any other inputs?
Compute the forecast for year 6 using exponential smoothing, an initial forecast for year 1 of 3,000 mile 1 of 3,000 miles, and a =5
In the Quality Parts Company case at the end of chapter 13 ( Book: Opertaions and Supply Chain Management, 13th edition, author Jacobs and Chase) ,
1 americans break down into three basic groups - with some being diligently honest others dishonest and a bit more than
For what contributions to the quality movement is Philip B. Crosby known?
1. Demonstrate an understanding of terms and title transfer for the ownership of inventories or assets, and who pays for the freight under each term.
ohnson was asked to bid on a follow-on contract for another dozen receiver/transmitter units. Ignoring any forgetting factor effects, illustrate what should Johnson estimate time also part prices to be for the dozen units.
Discuss circumstances when outsourcing should be considered, and whether outsourcing will add to the competitive advantage of a firm
Marian, a top graduate from Loyola in Humanities, was hired by a major corporation into a management position. Marian finished the corporation's management training program top in her group, and is performing above the norm in her position. She is re..
Select from one of the below topics for this project: Topic Influencer. Linear Programming George B. Dantzig (p. 32) Transportation Frank L. Hitchcock (p. 236) or Tjalling C. Koopmans. Identify the significant contribution by the selected influencer...
Discuss the duties of care and good faith. Your response should be at least 200 words in length. You are required to use at least your textbook as source material for your response. All sources used, including the textbook, must be referenced; paraph..
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