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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.
5. A network consists of the following list. Times are given in weeks. Activity Preceding Optimistic Probable Pessimistic A -- 5 11 14 B - 3 3 9 C -- 6 10 14 D A, B 3 5 7 E
What are the primary elements of each of the three types of risk control? Assume you are in a hazard hunt; list a few factors in your job that may contribute to a hazard and how li
What are the factors influencing the process design? and which particular process is used ?
Metal Fabricators just issued $1,000 par 20-year bonds. The bonds sold for $758.18 and pay interest semi-annually. Investors require a rate of 9% on the bonds. What is the bonds' c
When interviewing, why is it important to try to fill in the gaps in a candidate's employment history?
Supply Chain Strategies In this second section of the chapter we consider: 1. Breadth of supplier base - many or few suppliers? 2. Vertically integrated or virtual or
How do you think management practices might change in response to increasing government regulation in the banking and health care industries?
A key factor that makes Lean Six Sigma different than other performance improvement models is that it free discusses costs and cost recovery with varying stakeholders.
A refinery in Houston replaces all of the 3" full-open ball valves in its facility according to a very strict maintenance policy which spaces replacements fairly uniformly througho
For a company with overseas operations, some critical concerns for success are the identification, selection, and compensation of expatriates. Answer True or False
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