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A product with an annual demand of 1300 units has Co = $24.5 and Ch = $7. The demand exhibits some variability such that the lead-time demand follows a normal probability distribution with µ = 27 and σ = 5.
a. What is the recommended order quantity? If required, round your answer to two decimal places.
b. What are the reorder point and safety stock if the firm desires at most a 2% probability of stock-out on any given order cycle? If required, round your answers to the nearest whole number.
c. If a manager sets the reorder point at 31, what is the probability of a stock-out on any given order cycle? If required, round your answer to four decimal places.
Write a letter to the retailer in which you explain the damage, express your dissatisfaction with the shipment,
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You are creating a customer database for the Modesto Nuts minor league baseball team. Draw a project network given the information below. Complete the forward and backward pass, compute activity slack, and identify the critical path. How long will th..
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Some commentators refer to such 3 PLs as ‘asset unencumbered’ in that they increasingly divest themselves of physical assets,
Mississippi chain of computer hardware and software retail outlets, supplies both educational and commercial customers with memory and storage devices.
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Under the above circumstances, find out how many cakes of each type TASTY should bake to maximize revenue.
A new machine would cost $18,000, have operating costs of $1,000 in the first year, Find the economic service life of this new machine.
How can it be used to reduce time spent on forecasting and increase forecast accuracy?
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