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Regional Supermarket is open 360 days per year. Daily use of cash register tape averages 10 rolls. Usage appears normally distributed with a standard deviation of 2 rolls per day. The cost of ordering the tape is $1, and the carrying cost are 40 cents per roll a year. Lead time is 3 days.
a. What is the EOQ?b. What ROP will provide a lead time service level of 96 percent?c. What is the expected number of units short per cycle with 96 percent? Per year?d. What is the annual service level?
Should producers of software-based services, such as ATM's, be held liable for economic injuries suffered when their systems fail?
The counter is staffed by only one person and that person works six hours per day. Assume Poisson arrivals and exponential service times.
discusses the unethical issues at Enron that led to their downfall. How did this unethical issues go without notice for so long? How were they ultimately discovered?
The assignment is a one-page paper detailing your observations of marketing aspects at a retail store
With a single-server queuing system, increasing the job arrival rate while holding all other factors constant will
Why is strategic-group analysis important for superior competitive positioning?
The director of career advising at Orange Community College wants to use decision analysis to provide information to help students decide which 2-year degree program they should pursue.
In other words, for what range of production output would the purchase option be best? What range would be best for the production option 1? And, what range would be best for the production option 2?
Why should a first-line supervisor understand the organization's objectives?
When Harry told Brian he was building the new room, Brian just smiled. Brian also heard that Harry borrowed money from his aunt to buy the trains.
The annual demand for a product has been projected at 2,000 units. This demand is assumed to be constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent of the purchase cost.
We have a production-order-quantity inventory system with a production rate of 400 units per day, a daily demand of 100 units per day, a production quanitty of 2400 units, and 300 days a year.
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