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Victoria Blunt is in charge of maintaining hospital supplies at Mercy Hospital. During the past year, the mean lead time demand for bandage BX-5 was 600. Furthermore, the standard deviation for BX-5 was 70. Ms. Blunt would like to maintain a 95% service level.
(a) What safety stock level do you recommend for BX-5?
(b) Victoria has just been severely chastised for her inventory policy. Dwight Seymour, her boss, believes that the service level should be 99%. Compute the safety stock levels for a 99% service level.
(c) Victoria knows that the carrying cost of BX-5 is $0.50 per unit per year. Compute the carrying cost associated with 95% and 99% service levels.
The firm estimates the probability of the new regulation being enforced is 0.5. Find the firm's profit-maximizing level of output. Round your answer to one decimal.
1. What is the distinction between the short run and the long run? In reality, does a company operate in the short run or in the long run? How do you know? Is it a reasonable distinction to have for a company?
Discuss the difference between a temptation and an ethical dilemma in the context of an experience you have had, and describe how you resolved the matter.
Why do you think all major information security regulations require a written information security policy? Do you agree? Explain your opinion using your words.
A Conference Board study found that CEOs identified the top global challenges they face as (1) improving human capital within their organizations
Choose a technology device that makes use of the EM Spectrum. Next explain how this device works using terminology learned in this chapter
The type of culture your department exhibits, and why it encourages employee effectiveness
A fallacy is an error in reasoning that takes the place of the real support needed in an argument.
What happen to a isocost and isoquant if the unit of capital increase from 4 to 6 while the unit of labor remain constant on 6?
Discuss how this will impact the organizations diversity training - what will need to change?
Your consulting services have been requested by the CEO of a Fortune 500 company.
Determining span of control, reporting relationships, and degree of formalization and specialization are all elements of which function of how leaders shape organizational culture?
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