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A large supplier of electronic components has decided to control the inventory of a certain item by a periodic review, order up to R policy. The mean demand rate for this item is 500 units per year. The lead time? Is nearly constant at three months. The demand in the time? + T can be represented by a normal distribution with mean 500 (? + T) and the variance 800(? + T). The cost of each unit is $10, the inventory carrying cost rate is 0.10, the cost of making a review and placing an order is $15, and the cost of backorder is estimated to be $30. Find the optimal quantity and period for this problem.
Christian Worldview. How might an organization integrate the concept of compensation systems from an internal and external perspective, with an understanding of those same or simil
explain and give for examples hotels services...how them service ?
Do you believe that managers should be given more autonomy to make personnel decisions such as hiring, appraising, and compensating subordinates, or do you believe that managers sh
The primary issue is that people want to be challenged. People want to be challenged, at least initially, in terms of their Assignments. They also want to be continuously challenge
Which of the direct variables help MitiTech with its competitive position? a. customers and owners b. suppliers and customers c. competition and customers d. competition and su
Gantt Chart The Gantt chart were made by Henry L. Gantt approximately a century ago. Their aim is to provide an immediate comparison between schedule and realty( i.e. among p
Prince Electronics, a manufacturer of consumer electronic goods, has five distribution centres in different regions of the country. For one of its products, a high-speed modem pric
Question: S&V Industries manufactures book cases. Different sizes of cases are kept in inventory. The company has 80 man-hours and 36 pounds of wood available each day. 2 pounds of
1) Which purposes of performance management did the appraisals described in this case fulfil? Which purposes did they not fulfil? 2) How can managers and HR departments minimize th
Discuss win-win strategy. Give an example of one
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