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Explain about the level capacity strategy.
Level capacity strategy:
The organisation produces or manufactures at a constant rate of output avoiding any changes or fluctuations within customer demand levels. This frequently implies stockpiling or higher holdings of inventory while customer demand levels reduce.
Does a Vendor Managed Inventory system support a "lean" approach to supply chain management? Explain
Annual demand for number 2 pencils at the campus store is normally distributed with mean 1,000 and standard deviation 250. The store purchases the pencils for 6 cents each and sell
Why are services typically more difficult to standardize, automate, and make efficient?
suppose the manufacturer has an inflated demand forecast as follows: Quantity Probability 2,200 5% 2,300 6% 2,400 10% 2,500 17% 2,600 30% 2,700 17% 2,800 12% 2,900 3% (a) Suppose t
explain strategy as an organizational process
How the expected time estimate is calculated in PERT ? In PERT the expected time estimate is computed on the basis of Beta distribution of time estimates.
An individual has $25,000 invested in a stock with a beta of 0.8 and another $40,000 invested in a stock with a beta of 2.0. If these are the only two investments in her portfolio,
The overall average on a process you are attempting to monitor is 50 units. the process standard deviation is 1.72. Determine the upper and lower control limits for a mean chart, i
What do you understand by"line balancing"?What happens if balance doesn''t exist?
You are the new owner of a local ice cream store located in a strip mall adjacent to a university campus. You've decided to sell 20 flavours of ice cream and are contemplating whet
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