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A company tries to reduce all lead-times by 50 percent. There is a discussion concerning the impact of this change. As an example, an item in stock is considered. Demand is continuous and normally distributed. Inventory control is carried out by a (Q,r) policy with continuous review. The demand per week has mean 200 and standard deviation 50. Demands during different weeks are independent. Currently, the lead-time is four weeks and r=850 and Q = 600. Two questions have been raised.
a. What is the current fill rate (i.e., the fraction of demand met from inventory)?
b. Assume that the lead-time is reduced to two weeks, while r and Q are unchanged. What is the fill rate?
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Which of the following has the highest percentage of oxygen?
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Summarize two of the four Federal Antitrust Statutes (Sherman Act, Clayton Act, FTC Act or Robinson-Patman Act). How do they affect today's business?
Before becoming president, Thomas Jefferson viewed the westward migration of Americans with...
A crisis developed in American-Iranian relations in 1979 because of
Once you have defined what a client-group is, identify a client-group that interests you. Please be descriptive about the demographic characteristics: age, gender, geographic location, socioeconomic status, etc.
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