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Total Wine is planning to open a megastore in a suburban town. There are currently 9 small stores selling 1.5L bottles of wine. Each store experiences identical supply/demand behavior: Mean demand of 54 bottles/week. The standard deviation of the demand 18 bottles/week is given to you. The supply lead time is 4.2 weeks, and the target service level is 90%.
i. What is the safety stock for each of the small stores?
ii. What is the Big-Box safety stock advantage of Total Wine?
What are some of the important items that an organization should consider when going into contract negotiations with a vendor?
List key external factors as identified in the external-audit process. Multiply each factor's weight by its rating to determine a weighted score.
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In linear programming, constraints that satisfy the restriction that a decision variable(s) must have values greater of equal to zero are referred to as: Optimal. Feasible. Negative. Targeted .None of the above
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The Balanced Scorecard is often used as an analytical tool to evaluate organizational performance.
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