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The reorder point is defined as the lead time demand for an item. In cases of long lead times, the lead time demand and thus the reorder point may exceed the economic order quantity. In such cases, the inventory position will not equal the inventory on hand when an order is placed and the reorder point may be expressed in terms of either the inventory position or the inventory on hand. Consider the economic order quantity model with D=5000 Co = $32 Ch=$2 and 250 working days per year. Identify the reoder point in terms of the inventory position and in terms of the inventory on hard for each of the following lead times.A 5 daysB 15 daysC 25 daysD 45 days
Finding a location for electronics component manufacturing in Asia. This is a long-term, strategic decision; illustrate what factors might change in next 10 to 20 years? Elucidate how will this influence decision.
Why is it important for decision makers to understand differences between tangible also intangible resources.
During busy periods, a new customer walks into LHS every 15 minutes. At SHC, a customer walks in every hour
Illustrate what is the theoretical number of workstations. Suppose that Demand rose from 750 to 1,000 units per day. Illustrate what would you do? Show any amount or calculations.
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Assume chase policy is being used, that is, the number of workers is changed every month to match demand with capacity. Explain how many workers will you fire in March.
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In a one to two page paper identify an industry/ business which engage in this practice. Is this a logical business plan. Why or why not. Illustrate what are your thoughts.
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Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..
Due to the space restrictions, loading equipment design also other reasons, the loading itself needs an average of 12 minutes.Classify the waiting system in which the platform trucks are servers.
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