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Henrique's Correa's bakery prepares all its cakes between 4am and 6am so they will be fresh when customers arrive. Day-old cakes are virtually always sold but at a 50% discount off the regular $10 price. The cost of baking a cake is $6 and demand is estimated to be normally distributed with a mean of 25 and a standard deviation of 4. What is the optimal stocking level?
Some industry analysts think soft-drink companies should develop products that will bring new customers into the market rather than just creating variants on the old. They warn tha
A two year sales history by quarter for a seasonal product is given below. Sales Quarter First Year Second Year 1 30 42 2 48 58 3 60 74 4 35 44 a) Using Winter's
Which best describes the client's role in the Generating Ideas stage of CPS? a. listens carefully to the ideas generated by the resource group. b. tells the resource group immediat
Choose an Operations Management problem relating to an organisation of your choice and undertake a critical review.
Explain objectives of job evaluatio. Objectives of job evaluation: a) Decides the relative values of various jobs in an organization. b) Helps to formulate a suitable a
Does a Vendor Managed Inventory system support a "lean" approach to supply chain management? Explain
How can be a mapping process done? Mapping processes can be awkward, long winded and a complicated process as like getting everyone to agree what the procedure looks like along
Cause and effect diagram
The actual demand for the patients at Omaha Emergency Medical Clinic for the first six weeks of this year are as follows: Week Actual # of Patients 1 65 2 62 3 70 4 48 5 63 6 52
Explain Dummy Activity. Every project has a number of job operations or tasks that are termed as activities. An activity is a component of a project and this may be a process,
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