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Daily demand of car batteries in Best Auto Mart (BAM) is normally distributed with a mean of 15 and a standard deviation of 10. BAM opens 365 days a year. Its replenishment lead time follows a normal distribution with a mean of 5 days and a standard deviation of 2 days. The inventory holding cost at BAM is $17 per battery per year. The fixed ordering cost is $315 per order. BAM targets a cycle service level of 97.75% [F-1 (0.9775,0,1)=2]. It uses a periodic review policy.
(a) How often should BAM review its inventory?
(b) On average, what is the yearly inventory holding cost incurred by BAM.?
What if a retailer knowingly sells tires with expired dates. What would be the best legal theory of liability under which to pursue such a retailer? Strict Liability? Breach of Warranty? Negligence? Explain!
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With my thinking, if a company is unethical/irresponsible in their business practices, what makes us think they treat investors differently?
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Write a reflective essay regarding the systems development environment and the sources of software. This assignment covers Course Objective 2. Why is the process of identifying and selecting projects so crucial to an organization's success? Discuss t..
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