Reference no: EM131255639
Livingston Tools:-
Livingston Tools, a manufacturer of battery-operated, hand-held power tools for the consumer market (such as screwdrivers and drills), has a problem. Its two biggest customers are "big box" discounters. Because these customers are fiercely price competitive, each wants exclusive products, thereby preventing consumers from making price comparisons. For example, Livingston will sell the exact same power screwdriver to each retailer, but Livingston will use packing customized to each retailer (including two different product identification numbers).
Suppose weekly demand of each product to each retailer is normally distributed with mean 5,200 and standard deviation 3,800. Livingston makes production decisions on a weekly basis and has a three-week replenishment lead time. Because these two retailers are quite important to Livingston, Livingston sets a target fill rate of99.9 percent.
a. Based on the order-up-to model, what is Livingstons average inventory of each of the two versions of this power screwdriver?
b. Someone at Livingston suggests that Livingston stock power screwdrivers without putting them into their specialized packaging. As orders are received from the two retailers, Livingston would fulfill those orders from the same stockpile of inventory, since it doesn't take much time to actually package each tool. Interestingly, demands at the two retailers have a slight negative correlation, -0.20. By approximately how much would this new system reduce Livingston's inventory investment?
|
Program that allows a user to enter a number
: Design the logic for a program that allows a user to enter a number. Display the sum of every number from 1 through the entered number.
|
|
What is the companys annual inventory turns
: What is the companys annual inventory turns if the company policy is to target a 99.25 percent in-stock probability?
|
|
Explain the problems that his causes during development
: Requirements are often difficult to drive, especially when the environments in which the system will function, and the specific tasks it will perform, are unknown. Explain the problems that his causes during development of assurance.
|
|
Identify the challenges and potential issues
: Identify all of the information you would need to effectively manage the three goals above. Identify the challenges and potential issues related to implementing the three goals above. Develop recommendations for strategies to address these challenges..
|
|
What is livingstons average inventory
: Based on the order-up-to model, what is Livingstons average inventory of each of the two versions of this power screwdriver?
|
|
Internet to research thin access points
: Use the Internet to research thin access points. What are their advantages? What are their disadvantages? Are there any security advantages to thin access points? Write a 400 word essay in a Word document or Rich Text Format file. Include citation..
|
|
Costs of the organization bi initiatives
: Identify 2 specific benefits that the organization receives from its use of business intelligence (BI). Contrast the value of these benefits against the costs of the organization's BI initiatives.
|
|
How many square ic chips can be processed within this area
: The processable area on a 156-mm-diameter wafer is a 150-mm-diameter circle. How many square IC chips can be processed within this area, if each chip is 7.5 mm on a side? Assume the cut lines (streets) between chips are of negligible width.
|
|
Techniques that are used to harden a system
: There are many techniques that are used to harden a system. Examine the various techniques that are used and select two that you would recommend being used in your organization and two that you would not recommend. Provide a rationale for your res..
|