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1. Piyadasa’s Fish market buys fresh Boston Tilapia daily for $5.85 per pound and sells it for $7.80 per pound. At the end of each business day, any remaining bluefish is sold to a producer of cat food for $3.50 per pound. Daily demand can be approximated by a normal distribution with a mean of 180 pounds and a standard deviation of 50 pounds. What is the optimal order quantity?
2. Consider a continuous review inventory system. Demand is normally distributed with an average of 74,000 per month and a monthly standard deviation of 2400 units. Lead time is two weeks (assume one month is four weeks). If the firm desires only an 81% cycle service level, how many units of safety stock should be held??
A manager wants to set up a Kanban system on an assembly process. The demand for the part produced in the target process is 80/units per hr and mean lead time of process is .6 days. The factory operates two 8.5 hour shifts, with 30 minutes of break t..
The Legal Environment of Business. Soapy machine company makes washing machines. Does Soapy have valid arguments?
It has been estimated that project managers spend up to 90% of their time communicating and your position at Roto Air is typical. Calculate the number of possible channels of communication if the project team were to grow to nine members, Important: ..
Were Marianne Stanley and George Raveling doing work of comparable value? Was Marianne treated unfairly or in some way discriminated against? Why do sports played by men tend to be more popular and generate more revenue than sports played by women? D..
Merck recalled one of its best drugs, Vioxx, after research showed that people who used Vioxx had an elevated risk of suffering a heart attack.
Judith Thompson is the manager of the student center cafeteria. She is introducing pizza as a menu item. The pizza is ordered frozen from a local pizza establishment and baked at the cafeteria.
Explain how organizations should respond to security incidents.
A shipping company manager wants to determine the best routes for the trucks to take and reach their destination. What is the best technique to solve this problem and why
reliable during production and 100% reliable during setup. How many stamping presses will be required to accomplish the specified production?
Make a diagram showing the supply chain configuration of Tehindo as well as the flow of products and information within the supply chain.
Discuss at what point an entrepreneur should consider calling it quits if the business only breaks even.
Explain how external conditions and group member resources affect group performance and satisfaction.
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