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Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.65 per unit. To provide a 98 percent service probability, what must the reorder point be?
Suppose the production manager is told to reduce the safety stock of this item by 100 units. If this is done, what will the new service probability be?
Rosa's Italian restaurant wants to develop forecasts of daily demand for the next week. The restaurant is closed on Mondays and experiences a seasonal pattern for the other six days of the week.
As the data acquisition specialist, what types of metadata can help you? Choose one of the data acquisition processes and explain the role of metadata in that process
Explain how much more expensive is the next lowest cost option. For the optimal order quantity, illustrate what is the inventory position immediately after an order is placed.
There are 360 working days per year and the lead-time is 5 days. If Mark orders 200 units each time he places an order, what would his total ordering cost be for the year?
C&A Electronics Division sells 30,000 cellular phones each year. They pay a supplier $200 for each phone, annual holding costs are 20% of unit phone cost, and ordering costs are $50 per order. The supplier offers a discount of 20% on orders of 350 or..
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What are the various sources of pressure on a business to act socially responsible?
Discuss the Competitive forces model with reference to what you know about the U.S. beer industry. What does the model tell you about the level of competition in the industry?
Can the impact of one specific risk event, such as a technical risk event, create additional risks (which may or may not be technical risks)? Can risk events be interrelated? Does the list provided by marketing demonstrate the likelihood of a risk ev..
intel one of the largest producers of integrated circuit chips puts a great deal of effort into expanding production of
Stating the intrinsic value is important as part of the return, but how would it make or save money if implemented vs the time and cost in delivery? Please share thoughts on this. Provide an example if possible.
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