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A retailer sells handmade teak folding deck chairs at an average rate of 2 per week. The lead time from the craftsman is 8 weeks. a) What is the average demand during the replenishment lead time? If we set the base stock level equal to average lead time demand, what will be the fill rate? b) Suppose that the standard deviation of demand during the lead time is equal to the square root of average lead time demand. What base stock is needed to achieve a fill rate of 95 percent? What is the reorder point for this base-stock policy? c) If we left ROP at the level in part b) but ordered chairs in batches of 2, would the fill rate increase or decrease? Why?
Write a linear program that calculates the number of copies that the company should ship from each warehouse to San Francisco and Sacramento to fill the order at the least cost.
Assess the degree to which companies like Apple might be affected by such ethical relativism in the countries in which their suppliers operate.
When there is a crisis within your organization employees are going to need to be trained on how to communicate with the media. What media and multimedia tools might best help you develop training content and material for users and outside vendors of..
a developing country wants to become more global hoping to increase the pace of its economic growth and improve the
A batch production operation has a machine setup time of 4.0 hours and a processing time of 1.50 min per cycle. Two parts are produced each cycle. No tool handling time is included in the cycle. Determine (a) average cycle time, (b) time to complete ..
Carco has a $150,000 advertising budget. In order to increase automobile sales, the firm is considering advertising in newspapers and on television. The more Carco uses a particular medium, the less effective is each additional ad. How can Cargo maxi..
What would be some examples of induction, deduction, argument and hypothesis from real life or from your professional life?
An import duty has the effect of all of the following except
He and most of the managers and supervisors are steeped only in traditional manufacturing and operations methods, which are outdated. The board of directors has been concerned about lagging results of ABC versus its more modern thinking competitor..
Describe the specific target market. Develop strategies for entering the target market. Create a plan for entering the target market
Explain how starting an international business in a capitalist system is different from starting a business in a socialist system.
Think about the elements of motivation. What is the relationship between job performance, motivation, ability, and situational constraints? How do employee perceptions of fairness affect motivation?
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