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A service station uses 1,200 cases of oil a year. Ordering cost is $40, and annual carrying cost is $3 per case. The station owner has specified an annual service level of 99 percent. What is the risk of a stockout during lead time? (Round your answer to 4 decimal places.) What level of safety stock is appropriate if lead time demand is normally distributed with a mean of 80 cases and a standard deviation of 5 cases? (Round your answer to 2 decimal places.)
The shoppers of a grocery store in a local area of a large cityoften spend $30 per week visit; they shop each year on a weekly basis (52 weeks/year); the grocery store has a 10% gross margin and a 20% customer defection rate. Calculate the value of a..
Discuss the similarities and differences among the organization, group, and job levels in open systems theory.
In the film My Cousin Vinny, Vinny, a New York (out of state) lawyer, was able to practice law in Alabama and represent a client on a murder case—without the benefit of being admitted to Alabama State Bar. Could Vinny actually represent his client in..
cite and explain 3 examples of how quality management helps to decrease defects rework waste and risk while also
Intense competition such as price wars are an accepted practice in the United States, but cooperation between companies has legal ramifications because of antitrust laws. Should price wars that drive small businesses or new entrants out of business b..
Chipotle Mexican Grill has recently been responsible for: Three E.Coli Outbreaks, Two Norovius Outbreaks, and One Salmonella Outbreak in at least nine states. How would you access the manner in which Chipotle leadership has responded to these major f..
Why do many political leaders fail? Why do most people mistrust political leaders? What lessons should Project Managers learn from political leaders that have failed their constituents? Please share examples
Which of the following provides that when the legislature enacts a law that the content of the law not be vague and over broad and the punishment not be disproportionate to the crime?
Graph the system of inequalities: X1 + X2 ≥ 3, 3X2 ≤ 9, 2X1 ≤ 10, X1 ≥ 0, X2 ≥ 0. Which of the following statements is true?
List and discuss the decision making steps in the ethical cycle from a global perspective.
Discuss three changes employers have implemented that have contributed to the decline of union membership. Identify the change you recommend as most important for employers to implement to minimize union interest.
Should a marketing manager or a business refuse to produce an "energy-gobbling" appliance that some consumers are demanding? Should a firm install an expensive safety device that will increase cost but that customers do not want?
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