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Dunstreet's Department Store would like to develop an inventory ordering policy of a 99 percent probability of not stocking out. To illustrate your recommended procedure, use as an example the ordering policy for white percale sheets. Demand for white percale sheets is 4,500 per year. The store is open 365 days per year. Every three weeks (21 days) inventory is counted and a new order is placed. It takes 6 days for the sheets to be delivered. Standard deviation of demand for the sheets is four per day. There are currently 200 sheets on hand. How many sheets should you order? (Use Excel's NORMSINV() function to find the correct critical value for the given α-level. Do not round intermediate calculations. Round "z" value to 2 decimal places and final answer to the nearest whole number.)
As this news item indicates, some healthcare companies are starting to shift clinical services and decision making on medical care overseas, primarily to India and the Philippines. Is this a good strategy for these companies? What are the pros and co..
Using the CSU Online Library, locate a peer - reviewed article that discusses research in an organization. Topic ideas include the role of research, development of research studies, integration of different types of methods, or the communication of r..
As a consultant working in the area of business analysis, you are expected to make recommendations to clients regarding the optimization of business operations, including production, material control, quality, and delivery. In order to convey a sense..
You are shadowing a utilization nurse in an acute care setting as part of your practicum. A physician recommends extending a patient’s hospital stay seven days for I.V. antibiotic therapy. The patient’s managed care plan denies the extension. What st..
Labor unions appear to be stronger in the public sector workplace. Why do you think this is the case? Would privatizing union functions in the public sector (either in government or public schools, for example) increase efficiency or productivity? In..
Strategy Formulation and Impluementation. The two recommendation in my notes for the section completed should be the basis of how you come up with the implementation, action plan, mission justification, goals and objectives, time for completion an..
The specifications for a plastic liner for concrete highway projects calls for a thickness of 3.0 mm ± 0.2 mm. The standard deviation of the process is estimated to be 0.02 mm. The process is known to operate at a mean thickness of 2.9 mm. (a) What i..
What traits dos Ajay exhibit that have helped him to get this far? Are these the knowledge, skills, and abilities needed by good entrepreneurs?
Discuss the implications of service outsourcing for employees, stockholders, customers, and host-country economy when a firm outsources a call center overseas
Identify three federal agencies and two state agencies that address business matters. For each agency: 1. Give a description of the agency- this should include what the agency was created for, what the agency regulates, etc, 2. List at least two regu..
How do you minimize the company's potential loss of production during the "deployment period" of the new lean program; and, more importantly how do you make sure the new program sustains itself in an ongoing continuous manner without everyone reverti..
Senior leaders must understand how to motivate employees in a variety of ways. Research major motivational theories, and pick 3 theories to discuss.
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