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1. Demand for Etched Impressions Wood products averages 40 units per day with a standard deviation of daily demand being 4. Lead time is 3 days. This IBC company strives for a 93% service level.
What is the Z-value for the company's desired service level? (Display your answer to two decimal places.)
What is the standard deviation of demand during the lead-time period? (Display your answer to two decimal places.)
How many units of wood should Etched Impressions carry for safety stock? (Displayyour answer to two decimal places.)
What is the appropriate reorder point for Etched Impressions? (Display your answer to two decimal places.)
2. G's Dairy is trying to determine how to manage their stock of raw milk. They have an average daily demand of 50 gallons per day, but it varies by about 5 gallons per day. Their lead time for receiving new milk is 3 days. They are striving for an 85% service level.
What should be their safety stock for raw milk? (Display your answer to two decimal places.)
What should be their reorder point? (Display your answer to two decimal places.)
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..
Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..
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An analysis of the holding costs, including the appropriate annual holding cost rate.
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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..
Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.
Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.
Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.
Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.
Ccompare the effectiveness of different leadership styles in different organizations
Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.
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