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The annual demand for a product is 16,400 units. The weekly demand is 315 units with a standard deviation of 90 units. The cost to place an order is $31.00, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.20 per unit.Find the reorder point necessary to provide a 95 percent service probability. Suppose the production manager is asked to reduce the safety stock of this item by 55 percent. If she does so, what will the new service probability be?
Today, the term "corporate governance" encompasses: Answer Legal restrictions on corporate behavior, particularly from the Sarbanes-Oxley Act.
Explain how should your team use dynamic pricing in next two years to increase revenue. Explain how would you communicate your answers to questions #1 also #2 to your fans also ticket buyers.
A manufacturing company has a small production line dedicated to the production of a particular product. The line has four stations in serial. Inputs arrive at station 1 and the output from station 1 becomes the input to station.
Explain the concept of structural holes and it affects value creation and value extraction. Based on this discussion, determine some of the skills essential to be a successful general manager.
Given the following linear programming problem with two non-negative variables (X1 and X2 ), find the range of feasibility for the RHS of constraint 2.
Determine the four major types of contracting officers and analyze how they differ in scope and responsibility from one another.
Candy Kane Cosmetics (CKC) produces LesliePerfume, which requires chemicals and labor. Two production processes are available. Process 1 transforms one unit of labor and two units of chemicals into three ounces of perfume.
Discuss the pros and cons of cumulative voting vice regular voting for Directors of a company. Why would a company choose one over the other? Who benefits from each type: shareholders, management, directors, or some other entity
Draw the precedence diagram. Determine the minimum cycle time, the maximum cycle time, and the calculated cycle time.
Health insurance is a concept developed in the United States and now appearing in many other nations of the world. Its history and development is an interesting story
Town barber shop can accommodate 35 customers per day. Manager has determined that if 2 additional barbers are hired, shop can accommodate 80 customers per day. Illustrate what are design and effective capacities for barber shop
Wilshire Clinic has thirty clinicians. Currently, the arrival rate for each clinician is 2 patients per hour and the service rate for each clinician is 5 patients per hour.
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