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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.
Q. Explain about the Supply chain management according to Kilty? According to Kilty supply chain management: It involves the movement of products, services, and information
The Hilllcrest Golf and Country Club manager selected a random sample of the members and recorded the number of rounds of golf they played last season. The reason for his interest
1. Name three methods of system classification and typical examples. Answer: 1. Volume/variety; 2. customer interaction/labour intensity; 3. Boulding's classification.
1-) Identify a feature, an advantage, and a benefit for each of the following products: a camera, a backpack, fat-free ice cream, lawn care service. 2-) What are the advantages
Suppose a co-worker just brought you a union leaflet urging employees to sign an authorization card. What may happen from this point on?
Which of the following is not one of the three types of specifications discussed in the text? Answer Design specifications Material specifications Performance specifica
I have soem charts that were done i word how do I gt them to you for someone to put in excel for me
Technology has changed the role and some functions of HR. Have these changes resulted in HR losing sight of its role towards employee relations and support? While companies are see
Telephone inquiries of 100 cell phone company customers are monitored daily at random. Incidents of incorrect information or other nonconformities (such as rudeness to customers)
A recently negotiated union contract allows workers in a shipping department 24 minutes for rest, 10 minutes for personal time, and 14 minutes for delays for each 4 hours worked. A
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