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How much gravy should be ordered using a fixed order interval system? Order is being placed on Thursday and the fiscal week begins on Thursday and ends on Wednesday. Service level of 95%, standard deviation of 3.5 units per week, moving average weekly demand of 35 servings. Each gravy mix comes in packs of two servings. Currently three packs in inventory
Vogel Approximation Methods ( VAM): Step 1: For each row the transportation table identify the smallest and next to smallest cost. Determine the different between the
Consider the following LP problem: Maximize Z = 30X1 + 10X2 Subject to: 3x1 + x2 300 x1 + x2 200 x1 100 x2 50 and x1,x2 0 Solve using the graphical technique
A local market research firm has just won a contract for several thousand small projects involving data gathering and statistical analysis. In the past, the firm has assigned each
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Explain Line Balancing. Line Balancing: It means balancing the line between the product lines or assembly lines. This aims at grouping facilities and workers in an efficient
Product contamination is a catastrophic event, both for the organization at fault and for the victims. Cases of product contamination frequently make the news. Find an example o
• Recommend strategic alternatives for the company you researched. Explain the rationale behind the recommendations you offered. • Analyze the different types of strategies disc
Explain Economic Order Quantity and Total Cost. Economic Order Quantity and Total Cost: The total sum of Inventory procurement cost and inventory carrying cost is total cost.
Under what kinds of circumstances might an organization wish to use control limits of 2 standard deviations or even 1 standard deviation? What should it bear in mind when using the
List one of the seven management tools and discuss how they might be used in developing a new product.
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