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The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit.
a. Find the reorder point necessary to provide a 98 percent service probability.
b. Suppose the production manager is asked to reduce the safety stock of this item by 50 percent. If she does so, what will the new service probability be?
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explain and give for examples hotels services...how them service ?
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1. (a) For the measurement data presented below, draw a frequency histogram using a class width of 0.1 mm; calculate the sample means and superimpose their frequency histogram; com
Carmin's Boutique sells a large number of black dress shirts. The shirts, which bear the store label, are shipped from a manufacturer in Paris. Carmin's purchasing department manag
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Compare and contrast Deming and Crosbys views on the cost associated with a lost customer.
What are the activities of value chain analysis? Activities are business activities the organisation manages so as to add value for example, the product or service is worth mor
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