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Suppose you are the manager of the office furniture department at Nebraska Furniture Mart. One of your products is a cherry study desk. The weekly demand for this desk can be represented by a normal distribution with mean 40 and standard deviation 20. Your review period is 1 week while the lead?time for replenishment is 2 weeks.(a) Suppose your order up to level is 220. You are about to place an order and note that your inventory level is 100 and you have 85 desks on order. How many desks will you order?(b) Suppose your order up to level is 220. You are about to place an order and note that your inventory level is 160 and you have 65 desks on order. How many desks will you order?(c) What is the optimal order up to level if you want to target a 98% in?stock probability?(d) What is the optimal order up to level if you want to target a 98% fill rate?(e) Suppose your order up to level is 120. What is your expected on?hand inventory?(f) Suppose your order up to level is 120. What is the annual holding cost? (Assume 365 days per year and it costs Nebraska Furniture Mart $20/year to keep one desk in stock)(g) Suppose your order up to level is 200. What fraction of customer demand is met immediately from stock?(h) Suppose your order up to level is 200. What is the average amount of inventory on order?(i) Suppose you want to maintain 95% in stock probability for the desk. What is the expected fill rate in this case?
Developing an understanding of the content and complexity of the project is the purpose of -developing a project charter activity of the project planning phase.
Marketing anticipates that the Raleigh/Durham market will grow by 3,000 cwt. in 2011 and that Fireside will serve the growth from Allentown. Explain how will this affect Atlanta as a location.
Illustrate what is the average VLC in a target market segment if the average purchase price is $75 per visit, the frequency of purchase is 6 times per yr.
The airline estimates which the demand of full fare customers is between 51 also 100, all numbers equally likely. To maximize the expected revenue, should the airline sell one more discount ticket. Explain how many seats should the airline reserve fo..
What are the pros and cons of reserved parking from an expectancy theory perspective? What are the pros and cons of reserved parking from an equity theory perspective?
There are three planning horizons, strategic, tactical, and operational. We will focus on strategic planning since the primary responsibility belongs to you
Employee Champion and Change Agent. Some ideas for discussion -- Do the scores reflect high quality, low quality, or somewhere in between?
You are in charge of a quarry that supplies sand and stone aggregates to your company's construction sites. Empty trucks from construction sites arrive at the quarry's huge piles of sand and stone aggregates and wait in line to enter the station
Let's say your market research firm is hired to assist retail store that is interested in revamping their overall store format in an effort to keep people in their store longer.
Each employee is paid $50 a day for each of first five days worked during a week also $62 for overtime day (if any). Formulate an LP whose solution will enable post office to minimize cost of meeting its weekly work requirements.
What should a firm do to promote voice in organizations, and why is this important in promoting organizational justice?
what is does this referrer to? How does this tyranny impact health care management, leadership, and planning
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