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The annual demand for a product is 16,000 units. The weekly demand is 308 units with a standard deviation of 80 units. The cost to place an order is $30.50, and the time from ordering to receipt is six weeks. The annual inventory carrying cost is $0.10 per unit. a. Find the reorder point necessary to provide a 95 percent service probability. (Round your answer to the nearest whole number.)
b. Suppose the production manager is asked to reduce the safety stock of this item by 50 percent. If she does so, what will the new service probability be? (Round your answer to 3 decimal places.)
Midwest Electric Company (MEC) uses only debt and common equity. It can borrow unlimited amounts at an interest rate of rd = 10% as long as it finances at its target capital structure, which calls for 50% debt and 50% common equity.
You must ponder on an organization's responsibility to its workers whose skills have become obsolete. Considering the rapid pace of technological change.
Identify at least five online sources describing Rough-cut Capacity Planning (RCCP) or Capcity Requirements Planning (CRP) in manufacturing
Make a list of pizza delivery process design requirements. Associate with each requirement a measure that would ensure that the process meets the requirement
Develop an MRP planning schedule showing gross also net requirements, order release also order receipt dates.
Existing method involved assemblers taking individual springs from a box containing several hundred also then placing two of m behind an ON button also two more behind an OFF button. Illustrate what was poka-yoke Shingo created
He was also obligated to deliver proceeds of sale to Witt also of course failed to do that. Park claimed that car was rightfully his. Witt argued that Park owned nothing because he never got title also because Witt never got his money. Who loses a..
What is the relationship between group norms and group cohesiveness? What roles do both cohesiveness and norms play in shaping group performance?
what types of strategic plans must wild west make? Is the "doing-nothing" viable? If Wild west's mission appears too broad, which business would you trim first?
South Central Utilities has just announced the August 1 opening its second nuclear generator at its Baton Rou, Louisiana, nuclear power plant. Propose this staffing problem using LP. Solve problem. How many trainees should begin each month?
What did Wal-Mart learn from its experiences in Mexico? How, if at all, did Wal-Mart apply those lessons to its expansion in Europe and China?
Discuss the strategies that you might use in addressing both goals and what would you develop, implement and measure to ensure successful accomplishment of these goals?
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