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Annual demand for number 2 pencils at the campus store is normally distributed with mean 1,000 and standard deviation 250. The store purchases the pencils for 6 cents each and sells them for 20 cents each. There is a two-month lead time from the initiation to the receipt of an order. The store accountant estimates that the cost in employee time for performing the necessary paperwork to initiate and receive an order is $20, and recommends a 22% annual interest rate for determining holding cost. The cost of a stockout is the cost of lost profit plus an additional 20 cents per pencil, which represents the cost of loss of goodwill. a. Find the optimal values of Q and R. b. Substitute a Type 1 service level criterion of 95% for the stock-out cost. Find the values of Q and R. c. Substitute a Type 2 service level criterion of 98% for the stock-out cost. Assume that Q is given by the EOQ. Find the values of Q and R.
Which of the two ways to embed organizational culture has SAS used to create its current culture? Provide examples to support your conclusions.
Paradise land management case study
What are the disadvantages of holding inventory control systems? Disadvantages of holding inventory control systems: a. Higher risk of damage, theft and deterioration b.
Develop a forecast for years 2 through 12 using exponential smoothing with ƒÑƒn= .4 and a forecast for year 1 of 6. Plot your new forecast on a graph with the actual data and the n
What does the concept of interactive design mean for a service such as the adventure playground described here?
I need help with writing an rcode to analyze an experiment for a two way layout without replication. There are two factors each with 3 levels.
Johnson Industries received a contract to develop and produce four high intensity long distance receiver/transmitters for cellular telephones. The first took 2000 labour hours, and
can you please give me a simple example of markov analysis
Facility Layout - Process Design In addition to the sequence of the processes, consideration must also be given to their physical layout in relation to each other. This is an
The local technology store WiredIn hired you to manage their inventory, which consists of 2 products configurations, type L and type J. Below are the data for the products. The hol
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