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Star enterprises is a seller of lamps. In this case consider the replenishment/stocking decision for product named Lamp A. Star purchases Lamp A from a supplier and then sells them to customers. The mean monthly demand for Lamp A is normal. It has a mean and standard deviation of 150 and 50, respectively. The lead-time for Lamp A is also normally distributed with mean of 1 month and standard deviation of 15 days (Assuming there are 30 days in a month). Star purchases Lamp A from the supplier for $30 per unit and uses an annual holding/carrying cost rate of 12%. The fixed cost associated with placing an order of Lamp A to the supplier is $80. Assume that Star estimates a $100 cost associated with each stock-out (independent of the units backordered). It targets a fill rate of 98% for Lamp A. FInd the following -
a) What is Stars’s Economic Order Quantity (EOQ), Reorder point and the associated Average monthly total cost of the operation?
b) Is this replenishment operation a Pull or a Push system.
Impact of Globalization on Strategic management and Decision Making
Think of a leader you admire. What traits does this person have? Are they consistent with the traits discussed in this chapter? If not, why is this person effective despite the presence of different traits?
Assignment outcomes: Compare health systems from different global settings and Analyze health systems from different global settings
A manager receives a forecast for next year. Demand is projected to be 550 units for the first half of the year and 980 units for the second half. The monthly holding cost is $2 per unit, and it costs an estimated $55 to process an order. determine a..
C&A bakery produces 1500 loaves of bread a month. Labor productivity is 2.344 loaves per labor-hour. Each worker works 160 hours per month for $8 per hour. Utility costs $500 per month. Ingredients cost $0.35 per loaf. What is C&A's multifactor produ..
Suppose that a person who is burned in accident suffers intense pain for one week and then fully recovers. What does “perfect compensation” mean in principle to the burn? Why do you expect actual compensation to be imperfect?
Prices are often set to satisfy demand or to reflect the premium consumers are willing to pay for a product or service.
What forecasting method would you use and find demand for years 6 to 8 in the Specialty Packaging corporation Case Study in Chapter 7 of Supply chain Management strategy, planning and operation by Sunil Chopra and Peter mindl.
does the higher death rate at Community Hospital mean that there is lower quality care? What would you bring up in this discussion at the task force meeting?
Do an internet search of the new product development process of any product of your choice, and analyze the process for developing the product.
Has the issue of employment discrimination improved enough at this point that Executive Order 11246 should be eliminated?
-What are some ways in which logistics can improve on issues related to environmental protection?
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