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A company has the following 6 skus
Item Annual Demand Unit Cost Setup Cost
1 10,000 4.00 200
2 1,000 10.00 500
3 4,000 5.00 100
4 12,000 0.50 200
5 5,000 2.00 100
6 2,500 2.00 200
The holding cost rate is 25%. The company limits the investment in average inventories to $10,000.
The company replenishes all of these items every three months.
Does this replenishment plan fit into the investment limit? What is the total cost with this plan? What is the best policy under this investment limit? How much oes it improve the total cost ?
The product design group of Flores Electric Supplies, Inc., has determined that it needs to design a new series of switches. It must decide on one of three design strategies.
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As virginia Rometty rose though the ranks of IBM , she earned the experience and skills needed to head this pioneering technology company.
Assume that a practitioner decides to use a control chart with 2.5 sigma limits. if normality can be assumed (as well as known parameter values) what is the numerical value of the in control ARL?
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Review your peers' presentations and provide constructive feedback regarding their plan, presentation, and professional development. Support your statements with appropriate examples and scholarly references.
the sampling results say to do so when the machine is actually functioning properly, Elucidate what the upper also lower control limits should be on this chart.
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