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The annual demand for a product is 14,500 units. The weekly demand is 279 units with a standard deviation of 85 units. The cost to place an order is $32.00, and the time from ordering to receipt is six weeks. The annual inventory carrying cost is $0.20 per unit. a. Find the reorder point necessary to provide a 95 percent service probability. (Round your answer to the nearest whole number.) Reorder point b. Suppose the production manager is asked to reduce the safety stock of this item by 55 percent. If she does so, what will the new service probability be?
The firm has no other non-operating assets. It has $368 million in debt and $60 million in preferred stock. What is the value of the firmas operations?
Revise the diagram to capture this functionality. Also, express some common behavior among two use cases in the revised diagram by using "include" relationships.
What is the difference between data and information? Why is the distinction important?
It is now the end of a review cycle. You are expecting a previously ordered shippment of 520 units to arrive within a week and you physcally have 493 units on hand.
Androsia manufactures batik fabrics in a labor intensive, low-volume process on the island of Andros. The Hershey tour shows how cocoa beans are processed into chocolate using a high-volume, line process.
Why is it important for decision makers to understand differences between tangible also intangible resources.
Baker Machine Company is a job shop that specializes in precision parts for firms in the aerospace industry. Figure 3.13 shows the current block plan for the key manufacturing centers of the 75,000 square-foot facility.
Three hundred and sixty boxes are to be shipped, and each box has a price of $146. Which shipping alternative would you recommend?
The weekly output of a fabrication process is shown below together with data for labor and material inputs. Standard selling price is $100 per unit. Overhead is charged weekly at the rate of $2000.
Determine the appropriate length of a rail dock (in feet) given the following information. The average railcar loaded is 42 feet long and hold on average 40,000 pounds.
What percentage of the patients requiring trauma bays end up being sent to another hospital? How many patients are treated in the trauma bays on an average 24 hour day?
To compete more effectively, your organization is considering a profit sharing plan to increase employee effort and to encourage employees to think like owners
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