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Annual demand for number 2 pencils at the campus store is normally distributed with mean 1,000 and standard deviation 250. The store purchases the pencils for 6 cents each and sells them for 20 cents each. There is a two-month lead time from the initiation to the receipt of an order. The store accountant estimates that the cost in employee time for performing the necessary paperwork to initiate and receive an order is $20, and recommends a 22% annual interest rate for determining holding cost. The cost of a stockout is the cost of lost profit plus an additional 20 cents per pencil, which represents the cost of loss of goodwill. a. Find the optimal values of Q and R. b. Substitute a Type 1 service level criterion of 95% for the stock-out cost. Find the values of Q and R. c. Substitute a Type 2 service level criterion of 98% for the stock-out cost. Assume that Q is given by the EOQ. Find the values of Q and R.
How many kgs of "regular" should Sarah produce before switching over to another scent and what would be her average inventory holding and delivery fees per day?
By explain how much would the accuracy rate improve if an additional (a second), equally accurate verifier were used.
Explain how would being conscious of this positivity ratio change your interactions with colleagues, direct reports, friends or children.
Discuss corporate strategy and ethical issues surrounding a human resource strategy centered around hiring software engineers on work visas at equivalent salaries or sourcing engineering work to remote sites in the Pacific Rim.
Explain how are Liker's casual, intervening and end result variables useful in discussing and thinking about effectiveness.
What is whistle blowing, and why is it important to the study of business ethics? Provide details.
What can an employee do to change this situation when it is a specific company policy NOT to provide feedback? Can anyone provide me a example of marketing research paper? I just want to know what is looks like! thank you guys!
The tiger minnow, which can be found in Lake Jackson and in Lake Bradford, is a small meat-eating fish. At the present time
The Super Cola Company must decide whether or not to introduce a new diet soft drink. Management feels that if it does introduce the diet soda it will yield a profit of $1 million
The activities needed to build an experimental chemical contaminant tracking machine at Charlie Cook Corp. are listed in the following table. Construct an AON network for these activities.
Suppose your order up to level is 220. You are about to place an order and note that your inventory level is 100 and you have 85 desks on order. How many desks will you order?
The Franklins sued, claiming that the FLB attorney had authority to settle the case and that FLB was bound by the settlement agreement. How should the court rule? Discuss fully.
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