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After graduation, you decide to go into a partnership in an offi ce supply store that has existed for a number of years. Walking through the store and stockrooms, you fi nd a great discrepancy in service levels. Some spaces and bins for items are completely empty; others have supplies that are covered with dust and have obviously been there a long time. You decide to take on the project of establishing consistent levels of inventory to meet customer demands. Most of your supplies are purchased from just a few distributors that call on your store once
every two weeks. You choose, as your fi rst item for study, computer printer paper. You examine the sales records and purchase orders and fi nd that demand for the past 12 months was 5,000 boxes. Using your calculator you sample some days' demands and estimate that the standard deviation of daily demand is 10 boxes. You also search out these fi gures: Cost per box of paper: $11. Desired service probability: 98 percent. Store is open every day. Salesperson visits every two weeks. Delivery time following visit is three days. Using your procedure, how many boxes of paper would be ordered if, on the day the salesperson calls, 60 boxes are on hand?
The reflective practice is important for all researchers to implement in their daily practice. I encourage students learn the multiple ways of asking a question. There are several techniques that will serve you well during the research process. Can y..
Daniel Tracy, owner of Martin Manufacturing, must expand by building a new factory. The search for a location for this factory has been narrowed to four sites: A, B, C or D.
Klint Microsystems, a microprocessor manufacturer, was contracted by Zeitar Studios to manufacture specially designed microchips to be used in an audio engineering process. Zeitar was to pay Klint $300,000 as per the contract. Klint then resold the c..
Identify and discuss the five main motivational theories of management.
Why is slack important to the project manager and what is the difference between free slack and total slack?
FRANK DAVIS COMES TO MADAGASCAR
Write one page where you describe your personal value orientation. Discuss what you have learned about yourself based on the following scores. Theoretical = 90, Economic = 63, Aesthetic = 55, Social =62, Political = 36, Religious = 69. What types of ..
What are the Pros and Cons of Partnerships (having a business partner) in the online dating industry? (Such as Plenty of Fish, Hurrydate, ChristianMingle, OKcupid etc)
Annual demand for an item is 40,000 units. The holding cost rate is 30% of the item cost. Ordering costs are $60/ order. What is the optimal order quantity? What is the total annual inventory cost of your policy?
Which of the following categories: systems analysis, database administration, programming, operations, systems support, security, networks and communications, and information systems management, provides the most stability, compensation, and securit..
Find three examples of firms that pioneered a new product in a new market and were able to achieve long-run success based on that entry. Find three examples of firms that were not the pioneers but entered later to eventually overtake the pioneer as m..
Examine a random sample of 200 pairs of swoosh sneakers coming on action line for defects. Your careful inspection reveals 800 scuffmarks and minor
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