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UDI Pharmaceuticals orders its antibiotics every three weeks (21 days) when a salesperson visits from one of the Pharmaceutical companies. Tetracycline is one of its most prescribed antibiotics, with average daily demand of 2,000 capsules. The standard deviation of daily demand was derived from examining prescriptions filled over the past three months and was found to be 400 capsules. It takes four days for the order to arrive.
UDI uses Fixed – Time Period Model. UDI would like to satisfy 95 percent of the prescriptions. The salesperson just arrived, and there are currently 20,000 capsules in stock. How many capsules should be ordered?
In a small and medium enterprise (SME) and family business, the founder usually owns most of the shares and manages the business full-time in a very hands-on manner. How does a code of governance impact upon such a business?
Companies possess limited budgets to fund employee benefits. From an employee’s perspective, which employee benefits practices should be funded? Which are easily dispensable? Now respond to these questions as a company representative. Explain your an..
What problems are demographic shifts and layoff practices causing for succession planning and what role do competencies play in the succession planning initiatives of leading organizations? What problems are demographic shifts and layoff practices ca..
Applying concepts of agency law, discuss StuffMart’s liability for employee torts in the following case study. Be sure to incorporate 2 key terms to explain your analysis. Put the terms in all caps so they stand out. Marty Mad is an employee of Stuff..
When managers envision different "what-if" future alternatives and develop strategic plans to address them, they are engaging in scenario planning. The process of planning scenarios can be considered a microcosm of the overarching framework of this t..
What are some of the cultural complexities and contradictions someone might face when traveling in the Middle East as they try to understand the culture of his/her counterparts in Bahrain.
Bell Computers purchases integrated chips at $350 per chip. The holding cost is $33 per unit per year, the ordering cost is $122 per order, and sales are steady, at 395 per month. What is the optimal order quantity and the minimum cost for Bell Compu..
Describe one event from your daily life when you have changed your original attitude, and one event when you could not change your original attitude. For the event when you changed your original attitude, explain how you changed your attitude and wha..
What is a factless fact table? Design a simple STAR schema with a factless fact table to track patients in a hospital by diagnostic procedures and time.
Submit a brief write up of the opportunity, their data collection plan, anticipated tools to be used for optimization, and potential benefits to the instructor, no later than 5 weeks into the semester. Term projects must be completed at least ..
You are part of a management team, working for a major national clothing chain. You compete directly with Macy’s, Dillard’s, and Nordstrom’s. Recently, your organization has been experiencing increasing competition from two sources. Differentiator: S..
1. How many units should you produce of this game knowing that the units produced need to last for the next 5 months with no possibility of replenishment during this period? 2. What is the expected profit you expect to generate?
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