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Montanso is a large bio firm that sells genetically modified seed to farmers at a price of $45 per kilogram (kg). Demand for the modified seed is Normally distributed with mean 450 units a month and a standard deviation of 50 units a month. The cost to produce the seed (including the cost to purchase the raw seed from the supplier) is $8 per kg. Lead time from the supplier for raw seeds is Normally distributed with mean 2 months and a standard deviation of .33 months. They store the seed in a warehouse and while the holding cost is negligible, the seed does occupy space that could be used to store another type of seed that Montanso knows it can sell at $4 a kg. 1: Suppose Montanso wants to provide a 95% service level. What should their reorder level be? 2 :Instead, suppose they want to maximize profit. What should their reorder level be? (Hint: there’s a reason I gave you revenue and cost data)
The current order quantity for Paul's Pasta Pinwheels is 200 boxes. The order cost is $4 per order, the holding cost is $0.40 per box per year, and the annual demand is 500 boxes per year.
problem 1 facility location a big retail chain needs to find the best location to build new warehouse. the new
construct the rate diagram for the birth and death process: state=(0,1,2,3). birth rate=(4,2,3,0). death rate=(0,1,6,2). d) given the inputs in part(c), develop the balance equations for this queuing system.
?Of the Big Five personality factors, which is the most strongly associated with leadership?
Explain the concept of a process approach.
how does a CMO view Global Markets? Are global markets a "fact of life" for today's CMOs, product/brand managers?
You are trying to determine what stocks to invest in. What would be the investment choices given the following criteria: What would be the investment choice if each state of nature would be given an equal probability of occurrence?
Some organizations become part-owners of other firms through mergers and acquisitions. How does the nature of practical ownership complicate the organization-environment relationship?
Wal-Mart's Public Image Campaign Wal-Mart Stores, Inc. the world's largest corporation is possibly the most controversial business in America.
What is Maslow's Hierarchy of Needs Theory and how this impacts a trainee’s motivation to training and learning?
Leaky Pipe, a local retailer of plumbing supplies, faces demand for one of Its SKUs at a constant rate of 30,000 Units per year. It costs Leaky Pipe $10 to process an order to replenish stock and $1 per unit per year to carry the item in stock. What ..
How could HRM professionals affect the driving and restraining forces in human capital management, to support a global competitive advantage for your industry or organization?
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