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The annual demand for a product is 180,000 units with a daily standard deviation of demand of 90. The cost to place an order is $750 and holding one unit in inventory costs $15 a year. Lead time is 4 days. A 90% cycle service level is being used. The company operates 360 days a year. On-hand inventory is currently 2800 units. The company is responsible for the cost of pipeline inventory.
Develop continuous and periodic policies for this product. Determine the amount of the various inventory types (cycle, safety, pipeline) in the system as well as the total inventory related costs for each policy.
For the periodic system, you can select any order interval you wish, but include a justification as to why you believe it is a reasonable interval. For the interval you select, specify both the quantity which should be ordered now and the average size order quantity.
create a SWOT analysis to determine what the next steps your company should take to in order to move forward successfully. Your SWOT analysis should include a properly formatted SWOT chart
On January 1, 2005, a person's savings account was worth $200, 000. Every month thereafter, this person makes a cash contribution of $676 to the account. If the fund is expected to be worth $400,000 on January 1, 2010, what annual rate of interest..
Compare and contrast how a company’s organizational culture can positively – and negatively – influence the internal environment AND, as a result, discuss the positive and negative impact this culture can have on the employees. Please use examples to..
The information needed to develop a master production schedule will be got from:
A process that produces computer chips has a mean of .035 defective chips and a standard deviation of .0015 chip. The allowable variation is from .03 to .05 defects. Compute the capability index (Cpk) and comment on its value.
Compose effective subject lines for the following persuasive messages: A recommendation sent by e-mail to your branch manager to install wireless networking throughout the facility. Your primary reason is that management has encouraged more teamwork,..
a) Find the optimal order quantity and the reorder point. b) Find the average total relevant cost (setup cost, inventory holding cost and shortage cost)
Explain how external conditions and group member resources affect group performance and satisfaction.
Explain the management dilemma, the management question, and the research question(s). Why did you consider the research to be actionable? Was the business research process followed in its entirety
Write a 1-page essay that explains 2 of the 6 characteristics of interpersonal communication and illustrate how each one is demonstrated in your communication style. Include at least one quotation from your research.
The supervisor at the American airline check-in counter observes the following process characteristics: there are, on average, 30 customers either waiting in line or being help by an agent for check-in; the average amount of a passenger spends on che..
Discuss how a lean approach could be utilised in the production system to potentially reduce the failings discussed in point three.
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