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A local bar serves a premium draft beer to its customers. The daily demand for beer is assumed to follow a normal distribution with a mean of 80 litres and a standard deviation of 16 litres. The lead time required to receive an order of beer from the local distributor is 12 days. Determine the safety stock and reorder point if the bar wants to maintain a 90% service level. What would be the increase in the safety stock if a 95% service level is desired?
"Professional Application" Please respond to the following: • Assess your preparedness for a business leadership and management position based on what you have learned in your g
Evaluate Netflix's current strategy and determine if the strategy is sustainable. Identify a Netflix strength and suggest how this strength may be leveraged in the market place to
An element of work has been measured 6 times, with the following results (units of 0.01 minutes): 18, 20, 19, 21, 19, 22. What should be the full-study sample size?
Using managerial problem solving discuss the pitfalls of satisficing and escalation of commitment
Question 1: Describe the role of operations in an Organisation. Link with other functions Issues Types of operational decisions Conclusion Explain the s
Tools and Techniques of Layout Planning Various techniques are available for planning the layout. The most commonly used techniques is the use of two dimensional templates. O
Performance Measures - Operation Strategy It is common to find that measures are made of operational factors which do not contribute to the winning of orders, whilst key facto
Swearingen and McDonald, a small furniture manufacturer, produces fine hardwood tables and chairs. Each product must go through three stages in the manufacturing process - assembly
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
Existing salary for managers is 45,000 euros (58,567 us dollars) plus bonuses. Average salary for managers in range is 60,000 euros (78,090), no bonuses. Recommendations must inclu
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