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A firm that makes assembles electronic circuits has an average demand of 100,000 units per year with a standard deviation of 2,000 units. (The demand is stochastic). Each time an order is placed, a setup cost of $100 is incurred. Holding cost per item is $2 per unit per year. The lead time for the electronic circuits is 5 days. (Assume that the firm works for 250 days per year). The demand for the product is assumed to be normal and the firm wants to reach the 99.5% service level by keeping enough safety inventory. (To get 99.5% service level, Z? should be 2.576). a) What is the economic order quantity? b) What is the required safety stock? c) What is the reorder point?
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List the issues that you would consider if you were a CEO deciding whether to extend health insurance to the same -sex partners of your employees. Prepare a written case study in accordance with the following outline. Problem solutions or decisions S..
You order a part from a vendor that has a purchase cost of $15 per unit. How many units should be ordered every time?
Determine the floor space required in the manufacturing storeroom to accommodate the weekly supply of DVD players. The dimension of each carton is 4 feet wide,
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Suppose the managers in your organization tend to avoid delegating projects to the people in their groups.
A four party all director corporation is it logical to contain a provision that says forbidding director from voting on any matter on what he has a direct financial interest?
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A metal fabricator produces connecting rods with an outer diameter that has a 1 ± .01 inch specification. A machine operator takes several sample measurements over time and determines the sample mean outer diameter to be 1.002 inches with a standard ..
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