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Double A stocks decorative coffee mugs that have been a big hit with the patrons. Each mug costs $3.00 and sells for $8.00. The cost of placing an order is $50.00, and once an order is placed, the mugs arrive in two weeks. During the two-week period, demand is normally distributed with a mean of 50 mugs and a standard deviation of 10 mugs. The cost of holding a mug in inventory is $.15/dollar value per year. If an item is out of stock, they will place the item on backorder and estimate that the cost of lost goodwill is $.20. The service level is 90%. Find the optimal ordering policy for Double A.
analyze the two 2 basic types of reserves that project managers should become familiar with as discussed in the kerzner
Evaluate various supply chain strategy considerations for managers moving products or services to the consumer.
In the chapter opener we get a glimpse of how a major corporation can make a significant contribution to disaster relief by assisting in a humanitarian supply chain. Disasters often occur with little warning humanitarian aid needs to get to the affec..
The introductory paragraph introduces your topic to your reader. It is used to identify the topic and purpose of the essay. What is the theory you want to write about? What is your opinion on this theory? What have you learned that supports your opin..
Provide examples of how firms utilize their supply chain - this can include the ‘Just in Time’ theory. An example – Walmart has great inventory control when an item is purchased a reference is sent to the warehouse to restock
Discuss how your college education could be considered an investment in human capital. What is the opportunity cost of your degree. What are the challenges that the US economy will be faced with given a higher debt limit for future economic growth
Write the formula for price elasticity of demand and describe what it means. How would you expect the price elasticity of demand for health care to vary with health status
Elucidate how has structure of today's organization changed from organization of past. Illustrate what is most significant event in evolution of organizational structure. Defend your response.
a which of the following is a characteristic that can be used to guide the design of service systems?bull
Evaluate the regression output of your regression model. Is the output in good shape. Are there any modifications you would like to do. Is there any evidence of multicollinearity problem.
Create a set of performance management guidelines to be included in the procedural manual used to train managers. Your process should describe the performance management plan from a procedural perspective, defining actions that need to be taken an..
Evaluate whether or not this is a valid and worthwhile investment to help increase the productivity within an organization. Describe your personal experience(s) with just-in-time learning
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