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A wine company's daily demand is normally distributed with a mean of 18 bottles, and a standard deviation of 4 bottles. This company checks their winery's stock every 30 days. In their most recent visit, there was 25 bottles in stock. The lead time is 2 days. Can you determine an optimal order size for this company that will enable them to limit the probability of a stockout to 5%?
It takes 90 minutes to produce a birthday cake, 240 minutes to produce a wedding cake also 120 minutes to produce a specialty cake. Illustrate what is labour productivity.
J. Smith & Associates have requested your firm to submit a project summary regarding opening a new division office in Scottsdale, Arizona. This new office will serve as a regional headquarters for Arizona, Nevada, Colorado, New Mexico and California.
Illustrate what are some optimizations problems you have seen or think companies have that cannot be structured in a format.
As part of an insurance business's training program, participants learn explain how to conduct an analysis of clients' insurability. Which of participants would you judge to be capable.
Shoney Video Concepts produces a line of video streaming servers that are linked to personal computers for storing movies. These devices have very fast access and large storage capacity.
Formulate the linear programming problem to maximize the profit during the coming month. Write all of the constraints that are indicated by the above description of the problem.
Suppose that you are the manager of a production department that uses 400 boxes of rivets per year. The supplier quotes you a price of $8.50 per box for an order size of 199 boxes or less.
The following are monthly actual and forcasted demand level for may through December for units of product manufactured by N.
Illustrate what are three ways human resources help support strategic goals of human service organizations.
Determine the least squares regression line using Excel. Determine the MSE for the trend line (in a) and the 3 month moving average (in c.) Which forecasting method is better? Explain.
Assume now that after the implementation of the control chart, the mean of the statistic has shifted down by 1 standard deviation
Elucidate how would you present the recommendations also illustrate what data also tools would you use during the presentation.
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