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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.
Discuss the building blocks of competitive advantage and the role a manager should play in achieving this advantage.
Suppose 40 observations of a random system component have been recorded as shown in the table below (these numbers are sorted). 0.0345 0.1079 0.1313 0.1452 0.1788 0.2101 0.2249
A paper mill produces two grades of paper viz., X and Y. Because of raw material restrictions, it cannot produce more than 400 tons of grade X paper and 300 tons of grade Y paper i
A union has just won an election in your organization to represent the workers. You are now faced with negotiating a collective bargaining contract. Since you've never done this be
Either through research or through imagination, describe future trends in advertising?
Perform an Internet search for a "free emotional intelligence test." Examples of free emotional intelligence tests can be found However, you may use any free online test that you f
An accounts receivable manager processes 200 checks per day with an average process time of 15 working days. What is the average number of accounts receivable checks being processe
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The following payoff table provides profits based on various possible decision alternatices and various levels of demand at Amber Gardner's software firm
Based on the description of Coyote Community College and its environment, what specific types of measures should they include in each of their perspectives of the balanced scorecar
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