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A manufacturer uses a purchase part who's demand over any time period of length t (in years) can assume to be normally distributed with mean 200t and variance 400t. The part cost $20 each. The lead-time is 4 weeks. The annual carrying cost rate is 0.2 $/$/year. All shortages are backlogged and the shortage cost is proportional to the number units short, where the backlogged cost is $16 per unit. The setup cost is $100. A reorder point (s, Q) policy is used. (Assuming 52 working weeks within a year). a) Find the optimal order quantity and the reorder point. b) Find the average total relevant cost (setup cost, inventory holding cost and shortage cost)
Identify three aspects of managing and using performance data so that it is useful to the organization. Provide an example of each aspect. Be specific in your response.
what is operation process design ? what are the important factors that effect a process design
i need calculated examples using the methods of plant location evaluation.how are they calculated?
No one (or no organization) would make a decision based off of imperfect information. However, for a variety of reasons, many times organizations have had to function and make deci
An innovative restaurateur owns and operates a dozen "Ultimate Low-Carb" restaurants in northern Arkansas. His signature item is a cheese-encrusted beef medallion wrapped in lettuc
Paradise land management case study
Question: (a) "Teams definitely are forms of work groups, but not all work groups are teams". Work groups function on three levels: Dependent level, Independent level and Inter
A firm that produces wood shutters and bookcases has received two orders for shutters: one for 100 shutters and one for 150 shutters. The 100-unit order is due at the start of week
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
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
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