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Case: Suppose you are the owner of Hotspices.com, an online retailer of hip, exotic, and hard - to - find spices. Consider your inventory of saffron, a spice (generally) worth more by weight than gold. You order saffron from an overseas supplier with a shipping lead time of four weeks and you order weekly. Average monthly demand is normally distributed with a mean of 300 ounces and a standard deviation of 104 ounces. Assume there are 4 weeks in a month. Suppose you want a 92% target in - stock probability. What should your order - up - to level be ? Consider your calculation of the base stock in problem 1. When the firm reviews its inventory it finds that it has 200 ounces on - hand inventory and 50 ounces on - order. How many ounces should you order? Suppose you use an order - up - to - level of 381 ounces. What is your in - stock probability? Suppose you use an order - up - to - level of 381 ounces. How many will be the expected backorders? Suppose you use an order - up - to - level of 275 ounces. What is the expected on - order inventory? Suppose you use an order - up - to - level of 275 ounces. How many will be the expected backorders per cvcle?
Compare and contrast Tuckman's Team development model with Charrier's 'Cog's Ladder' theory on Team development. Highlight the key similarities and differences
Market research
Shelly Wexler tells her supervisor, Rob Levine, that having to care for her aging mother is forcing her to leave work early and is making her feel increasingly "stressed out." Rob refers her to the company's EAP, but he also tries to convince her to ..
What Strategies for identifying the gap include, using recommendations for further study, using societal problems documented in the literature.
Describe how government-supported big business during the Reagan Era effected the U.S. economy and labor unions.
preparation for completion of this assignment: market capitalization, economic value created, sustainable strategy, business-level strategy,
Develop Time Management skills and the ability to plan and prioritise work. Show how you are learning through work-based learning
It was based upon a mutual mistake that the defendant owed additional money on the original agreement. Is the defendant correct in his assertions? Explain.
What are the characteristics of a learning organization? - How can an organization harness intellectual capital to create a learning organization?
Discuss the current business etiquette in Germany by providing a detailed response on business, dress, greetings, gift giving, making appointments, negotiation
Go on to examine and critically evaluate the relationship between ethics, leadership and decision making. In conclusion, reflect critically on how leaders may ensure organisational decisions are made ethically
How many countries in the word? Name the capitals of China, India, Brazil, Russia, Germany, France, Japan, Argentina
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