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The Circuit town store sells an average of 160 packs of 9-volt batteries per day. The daily demand follows a normal distribution with a standard deviation of 20 packs. The supplier, who is located in another state, has an average LT of 1 day.
-To maintain a 97% service level for this product, what ROP is appropriate?
-Suppose lead time has a standard deviation of 0.5 day, then what is ROP? And why is it different from 1)?
-Suppose there is another store that has exactly the same information and we want to aggregate them, then what is the ROP?
-If the supplier always reorders when the inventory level is 200, then what is the service level? Why is it different from 1)?
How many human interaction paradigms are there? Which one/s should we adopt and why?
A drug company, which manufactures and distributes a patented drug, has approached you for suggestions. The drug has been very successful and profitable for treating depression for a number of years.
Identify three practices through which companies can better understand their customers' needs.
Explain Your organization currently offers health insurance and dental insurance and life insurance
Identify two risk with your reasoning of why they are a risk and your assessment of the likihood of the risk happening
How does the mission and vision statement relates to strategic planning in an organization and how it results in a competitive advantage.
Has anyone ever worked with a system that actually brings in several levels of management in order to minimize the possible bias resulting from bad leadership? How much does "politics" come into play in such cases?
What are the characteristics of a flat world, a term used by Thomas Freeman to describe today's business environment? What challenges do they pose? How can you prepare to manage in a flat world?
What capacity is required if the setup time is 15 minutes and it takes 3 minutes to process a product, based on an order of 2,000 units?
New Deal regulated capitalism, totalitarian (fascist/communist) command economies, import substituting industrialization and neoLiberalism.
Can leaders really motivate employees? If so, how and for how long? Is there a way to create and sustain a motivating environment that will also help retain talent? What is it? How does it work?
Familiarize yourself with following terms and concepts discussed in preparation for completion of assignment: organizational structure, organizational culture
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