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A popular ice cream parlor is considering measures to increase the level of service.
Demand for its ice cream can be approximated by a normal distribution with a mean of 800 gallons per period and a standard deviation of 50 gallons per period.
The new management desires to increase the level of service from 90% to 95%. The additional revenue the increase would produce would be $ 150. The annual cost of carrying one gallon in inventory is $ 5.
What are the levels of inventory appropriate for each level of service?
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..
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A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..
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Ccompare the effectiveness of different leadership styles in different organizations
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