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Monthly demand of an inventory item follows a mean of 20 units and a variance of 4. Demand of the inventory is 12 units / month. When the inventory reaches a pre-determined level, an order for replenishment is placed. The ordering cost is $60/order/year and the holding cost is 25% of the cost of the item. The cost of the item is $4. The replenishment lead time is 4 months. Furthermore, the Z-value required to achieve a 90% service level (in other words, z90%) is given as 1.28. Based on the data above determine,
a. The Economic Order Quantity (EOQ)b. Reorder Point (ROP)c. Safety Stock (SS)
When reviewing risk, one needs to consider even remote risk if there is a potential high cost or negative ramification? Consider the BP oil spill in the Gulf. What kind of risk plan should have been developed?
Henderson Furniture sells reproductions of 18th century furniture. For a particular table, the following information is valid. Month.
Identify the initial steps you have taken to put your plan in action. Dose this case suit for the research of contingencies for cost also time estimate. Can you tell me more about the contingency estimate.
If the EPA has to clean up a site due to pollution, which parties may the EPA recover the costs of the clean-up from?
National origin discrimination is prohibited against a job applicant or employee. Besides discriminating against the job applicant or employee directly.
How can organizational restructuring enable specific types of businesses to attain competitive advantage in a changing market? Provide specific examples.
Write a double-spaced essay of between 750-1000 words on the value of business process improvement to an individual business. Describe clearly and concisely what is involved in such activity. What are the advantages? What are the obstacles?
The two shift supervisors are at each other's throats, and you have to do something to correct the situation. What is the basic problem causing this conflict? What could you do to solve it?
Elucidates what would be the amount of additional expense on equipment which would make productivity of the 2 system equal. Case study Norwegian salmon processing facility.
Explain the relationship between custom, option and standard goods and services as they relate to project, job shop, flow shop and continuous flow processes.
Which assembly line exhibits more consistency (less spread)? Support your answer statistically.2) Calculate the control limits for the X-bar and s chart for assembly line 1.
Illustrate what amount of safety stock would provide a stock-out risk of 3 percent. Assume normality.
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