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Given this information: Expected demand during lead time = 300 units Standard deviation of lead time demand = 30 units Determine each of the following, assuming that lead time demand is distributed normally: a. The ROP that will provide a risk of stockout of 1 percent during lead time. (Round your answer to the nearest whole number.) ROP_____ Units? b. The safety stock needed to attain a 1 percent risk of stockout during lead time. (Round your answer to the nearest whole number.) Safety ________ Units?
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What is Prime Cost? The sum of Direct Labour Cost, Direct Expenses and Direct Material Cost is Prime Cost.
Discuss the importance and characteristics of database backup and recovery procedures. Then, describe the actions that must be detailed in backup and recovery plans?
The Norwitch Company uses a continuous review (s, Q) system for inventory control. Weekly demand for an item, Pressure Valve #5 (PV5), is distributed Normally with a mean and stan
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What is Lean Six Sigma, please explain and give examples, thanks
Discuss the following theory: The study of global business is relevant if you work or plan to work in a large multinational company, but it has little or no significance for indivi
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1.Why does each generic business model require a difficult set of business-level strategies? Give examples of pairs of companies in: (a) the computer industry; (b) the electronics
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