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Demand for Caruso's Frozen Pizza (CFP) is normally distributed. The demand for CFP averages 400 per day with a standard deviation of 200. Weekly demand (5 days) averages 2,000 units with a standard deviation of 555. A Cold can essentially order any quantity of CFP it wants each day. Any order for CFPs arrives 4 days after the order. Further, it costs ACold $0.01 per day to keep a CFP in inventory, while a back order is estimated to cost ACold $0.45.
A. Suppose the base stock level 2,800 is chosen. What fraction of customer demands is met immediately from stock?
B. Suppose the base stock level 2,800 is chosen. What is the average amount of inventory on order?
C. Suppose the base stock level 2,800 is chosen. What is the annual holding cost? (Assume 260 days per year)
D. What base stock level minimizes inventory while maintaining a 97 percent in-stock probability
Fixed-position layout This configuration is typically used for low-volume, project-type operations where the product being produced is massive, and movement of the material f
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In terms of developing a project plan, specifically recommend how this resource could expedite that process.
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what is product interval time product duration?
How does the threat of a strike (or actual strike) affect the negotiating process and its tendency to bring about conditions necessary for agreement by union and management?
If the customers SOW contains words such as nearly or approximately, then: Answer The project manager uses his discretion in determining the meaning The sponsor uses his d
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