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Annual demand for number 2 pencils at the campus store is normally distributed with mean 1,000 and standard deviation 250. The store purchases the pencils for 6 cents each and sells them for 20 cents each. There is a two-month lead time from the initiation to the receipt of an order. The store accountant estimates that the cost in employee time for performing the necessary paperwork to initiate and receive an order is $20, and recommends a 22% annual interest rate for determining holding cost. The cost of a stockout is the cost of lost profit plus an additional 20 cents per pencil, which represents the cost of loss of goodwill. a. Find the optimal values of Q and R. b. Substitute a Type 1 service level criterion of 95% for the stock-out cost. Find the values of Q and R. c. Substitute a Type 2 service level criterion of 98% for the stock-out cost. Assume that Q is given by the EOQ. Find the values of Q and R.
Explain how decisions concerning span of management, the use of committees also coordination techniques affect organizational structure.
One group of 20 trainees estimated a total overall monthly cost benefit of $336,000 related to business improvements and showed an average 70 percent confidence level with that estimate.
Do you think you can stay competitive in business, get acceptable bottom-line results, and still operate in an honest and ethical manner? Why, or why not?
Can pairing of variables be based upon income also credit balance, using graphical, numerical summary also interpretation.
There is no word count. How does mode of transportation change when market place becomes global rather than just domestic. Is there any difference? Please give an example.
Using what you have researched and studied throughout Modules 1 - 7, write a report addressing a quantitative analysis (QA) project
What things must we keep in mind when writing an email versus speaking with someone face-to-face
Illustrate what factors determine team performance. Illustrate what leadership roles also processes are important for self-managed teams. Illustrate what can leaders do to improve team cohesiveness also team decision making.
Illustrate what strategic actions should P&G executives undertake to ensure Gillette acquisition ultimately benefits shareholders. Illustrate what must be done to achieve expected 1 + 1 = 3 benefit. Should company pursue additional acquisition.
Given that the profit per chair is $50 also that of the desk is $100, determine the optimal production mix for the organization.
Illustrate what is objectivity also subjectivity. Elucidate how can a manager minimise subjectivity in her/his decision making. Elucidate how can a manager improve her/his decision making skills.
What are the inputs to and outputs of a supply chain? Why do you suggest this supply chain structure in the given situation? What are its benefits? How will you ensure that your supply chain provides a smooth flow of resources?
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