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A cigar company stocks Cuban cigars that have variable lead times because of the difficulty in importing the product. Lead time is normally distributed with an average of 6 weeks and a standard deviation of 2 weeks. Average demand is also normally distributed with a mean of 200 cigars per week and a standard deviation of 25 cigars. a. For a 98% service level, what is the ROP? b. What is the ROP for a 90% service level? c. Explain what these two service level mean. Which is preferable?
What is the business process for Apple Inc? Can this process be improved to better meet customer needs? Analyze the process using the DMAIC (define, measure, analyze, improve, control) methodology.
Discuss the advantages and potential risks of such an approach, using specific examples to support your response.
The new-accounts office at the Savings and Loans Bank enrolls all new customers in checking accounts. During the three-week period in September encompassing the beginning of the new school year at State University
Compare and contrast Deming's approach to Juran's approach to quality improvement.
Using this information and the Learning Curve Rule, determine the appropriate learning curve?
Explain how evidence impacts scientific discovery as well as effective business planning. How does the evidence from research inform professional practice?
What things should be taken into consideration in the creation of a roadmap for a strategic plan? What are examples of external and internal change agents.
What should management do to achieve the highest expected payoff? Explain the conditions under which decision trees can be useful.
What do defenders of the market approach to environmental responsibilities state about the ability of economic markets to achieve a sound environmental policy? Discuss if their responses are environmentally adequate.
Which valuation method provides most accurate result. Explain how can you improve valuation process. Use examples to support your answers.
Suppose your order up to level is 220. You are about to place an order and note that your inventory level is 100 and you have 85 desks on order. How many desks will you order?
Calculate the new compa-ratio for this individual after receiving the 7% pay increase. Calculate the new midpoint, minimum, and maximum as of January 1, 2014.
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