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A sporting goods company has a distribution center that maintains inventory of fishing rods. The fishing rods have the following demand, lead time, and cost characteristics: Average demand = 100 units per day, with a standard deviation of 12 units Average lead time = 12 days with a standard deviation of 2 days 250 days per year Unit cost = $25 Desired service level = 95% Ordering cost = $50 Inventory carrying cost = 20% The basic question: How many fishing rods should the distribution center carry to provide the desired service level? There are, of course, many other specific questions, such as EOQ? Average cycle stock?
How is civil or criminal liability determined when someone castrated or sterilizes a person without following the procedures required by law?
Instead of worrying about job satisfaction, companies should be trying to create environments where performance is enabled. What do you think this statement means? Explain. What is your reaction to this statement?
A fast-food restaurant has a drive-through window and during peak lunch times can handle a maximum of 60 cars per hour with one person taking orders, assembling them, and acting as cashier. The average sale per order is $7.00. Use productivity argum..
Let's say McDonald's needs to raise $1 billion to expand into Africa. Determine whether Mcdonald's should have used all debt, all stock, or a 50-50 combination of debt and stock to finance this market-development strategy.
An overview of at least 4 ways in which things will be different under the new operations paradigms. At least 3 potential improvements you think the company might expect to see. At least 3 parts of this kind of major transition that you believe will ..
Give examples that explain how these topics play a role in a service or manufacturing company. 1. Lean Manufacturing 2. Inventory Management Systems
The ________is NOT a federal law affecting employment discrimination
Corporation B's software would reduce the average search time by 12 minutes at a cost of $3.60 per search. Which option would have the highest productivity in terms of revenue per dollar of input.
Determine the total charge under each plan for this case: 114 minutes of day calls and 49 minutes of evening calls in a month.
Construct a c-chart for test errors, and set the control limits to contain 99.73% of the random variation in test scores
Suppose the LPGA has asked you to assist with the execution of a communications plan. The decision has been made to use an emotional message strategy. Recommend an execution strategy that can be used with an emotional message strategy. Describe an ad..
Compute the economic production quantity. Compute the annual minimum total cost. How many working days does each production run take? What is the level of maximum inventory? What is the cycle time.
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