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The annual demand for a product is 17,000 units. The weekly demand is 327 units with a standard deviation of 85 units. The cost to place an order is $31.00, and the time from ordering to receipt is two weeks. The annual inventory carrying cost is $0.10 per unit.
Find the reorder point necessary to provide a 99 percent service probability. (Round your answer to the nearest whole number.)
Write a paper that provides a detailed explanation of the Monte Carlo simulation and provide an example of how you would use it.
K=35,000lb/in^2 and n=0.40 for a metal used in a forming operation in which the workpart is reduced in cross-sectional area by stretching
You are part of a student team that has volunteered to host an alumni event at a recently re-opened museum in the downtown part
Neptune Company produces toys and other items for use in beach and resort areas. A small, inflatable toy has come onto the market that the company is anxious to produce and sell. The new toy will sell for $3.30 per unit. Compute the monthly break-eve..
Tank is a director and the majority shareholder of Unique New Investment Corporation (UNIC).
What do you think are two very good ways for a company to reduce the risk to their employees of injury by material-handling equipment in the workplace? Why? What is one advantage and one disadvantage of a two-handed control device.
Discuss a time in your career when you felt like you were learning and growing and another time when you felt like you were not. In each case, discuss how your company’s employee development strategy might have contributed to your feelings.
A review of each product - X5, X6, and X7 - its life cycle, and how each product stacks up in terms of price and performance.
A marketing professor uses her students as subjects in a blind taste test in order to test the hypotheses that there is a significant difference between three brands of gourmet coffee. He is trying to enhance and extend an existing academic model of ..
GBC has its principal place of business and is incorporated in Wisconsin. Discuss every Court in which Brett can file suit against GBC? Explain thoroughly.
The objective of a firm in a responsive supply chain is likely to be realized if it has a
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?
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