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Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 60 (and was normally distributed). Furthermore, the standard deviation for BX-5 was 7. Ms. Flynn would like to maintain a 90% service level. a) What safety stock level do you recommend for BX-5 b) what is the appropriate reorder point?
A manufacturing firm is considering two locations for a plant to produce a new product. The two locations have fixed and variable costs as follows: Site Fixed Cost (Annual) Variabl
Abbott Manufacturing produces plastic cases for solar photovoltaic panels and has decided to combine orders from customers to increase work order size, and thereby make one large p
A job was timed for 60 cycles & had an ave. 1.3 min per piece. performance rate is 95%, workday allowances 16% find observes , normal, and standard time
Discuss the importance of the calculation and interpretation of ratios, to complete an effective financial ratio analysis?
Expando, Inc., is considering the possibility of building an additional factory that would produce a new addition to their product line. The company is currently considering two op
What do you predict for the future of global air transportation?
What do you understand by “line balancing”?
Compare a Utilitarian and a Libertarian view on the importance and enforcement of consumer rights.
A decision maker has the following utility function. Payoff Indifference Probability 250 1.00 200 .90 100 .80 50 .50 -50 0 What is the risk premium for
A mass of 10kg travelling at 5 m/s undergoes a head on elastic collision with a 7kg object travelling at 9 m/s in the opposite direction. What are the speeds of the objects after c
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