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Thomas Manufacturing Company in Dubuque, IA stocks a high-volume item that has a normally distributed demand. The average annual demand is at 17,500 units, and a standard deviation of 118 units per year. The plant operates 250 days per year. If the lead time is 4 days,
a. How much safety stock provides a 97% service level to Thomas?
b. What should the reorder point be?
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A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
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Ccompare the effectiveness of different leadership styles in different organizations
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