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Q. a shop owner uses a reorder point approach to restocking a certain raw material. Lead time is six days. Usage of the material during lead time is normally distributed with a mean of 42 pounds also a standard deviation of 4 pounds. When should the raw material be reordered if the acceptable risk of a stock out is 3percent?
Each time they order it cost the company 150 dollars. Using the price break table below please decide illustrate what the optimal number to order would be for this company.
company wants to forecast demand using the weighted moving average.
Do you agree that the success of corporations rests in their capability to communicate effectively, to convince stakeholders of their point of view, and persuade them to respond in a desired manner?'
The dean of the Western College of Business must plan school's course offerings for the fall semester. Student demands make it necessary to offer at least 30 undergraduate and 20 graduate courses in the term.
Between the 2 which one if you were opening your own business do you think which you would use also why. Ellucidate what can you advice me for this question to gain some points.
You have been asked to fill-in for your boss this week. Your boss's assistant informs you that he had scheduled an engagement to teach a group of students at local University. explain how it works and expected outcomes.
Elucidate what are the conditions which would have to exist for driving a car which are analogous to the assumptions made when using exponential smoothing.
Construct a product structure. Classify all levels, parents as well as comp1nts. Prepare a time-phased product structure.
Suppose which instead of a faucet, a 5 gallon container is used for filling the bathtub (Suppose it's full also next to the tub to begin with), it takes 2 hours to refill the container also return it to the bathtub. Elucidate what happens to the ..
Can a factory be fast, dependable, flexible, produce high- quality products also still give poor service from a customer's perspective.
Are there any possible instances in which an organization strictly pursuing a theory O plan of change over time might not be able to respond to change at all.
Illustrate what is the probability that the supply of circuit boards will be exhausted before the order is received if boards are reordered when the amount on hand drops to 625 boards.
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