Gyona purchases meat from the local supermarket at $5 per kilo and sell it at $9 per kilo. any unsold meat is sold to the Chinese restaurant near by at $2 per kilo. Gyona is sure that the demand follows a normal distribution with a mean of 100 kilograms and a standard deviation of 15 kilograms. - How many kilograms should she order each day?
Q: The introduction of diversity into the workplace brings with it a host of barriers and challenges.…
A: The term diversity can be understood as variety or distinction between humans on different basis…
Q: Select key performance indicators in order of priority, as part of a strategy for improving a resort…
A: 1. Income per activates (RevPAR)Based on your income from all reservations, this measurement…
Q: Company B sold 50% of the 5,000 items that it carried last week. There were 500 items for which some…
A:
Q: 4. An industrial engineer has conducted a study aiming to minimize traffic flow between the work…
A:
Q: how can quality be maintained and applied for a certain cellphone company?
A: Quality management is a process of managing the quality of goods and services to meet customer and…
Q: A manufacturer of television sets made four models – Sport, Standard, Traveler and Super. Each set…
A: Since you have submitted a question with multiple sub-parts, as per guidelines we have answered the…
Q: PROBLEM 10 The Graphic Palette is a firm in Charleston, South Carolina, that does graphic artwork…
A:
Q: For what value of h will a sensitivity analysis on the effect of a change of h pounds of peat be…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: Describe the procedure for Evaluation and Improvement of layout
A: Layout:- A facility's layout and design are crucial to a company's overall operations because they…
Q: you guarantee the product's quality after it has been manufact m other outsources arrive at your…
A: It's common parlance to discuss the "quality" of almost every product we use on a daily basis,…
Q: Using trend-adjusted exponential smoothing, Forecasts (F), Trend (T₂), and Forecasts Including Trend…
A: Forecasting is a technique used to predict future outcomes on the basis of past data. In businesses…
Q: Discuss how risk and compliance are related in banks.
A: In the context of the organization, risk management can be stated as the approach of recognization,…
Q: actual , physical movement of goods and people between two points , is pivotal to the successful…
A: Logistics management:- Through the proper planning, management, and execution of the efficient…
Q: Is forecasting important in a planning of a project? why? why not?
A: Forecasting is a technique that takes into use of the historical data as the primary inputs and…
Q: The company wants to know how many units of each product to produce on each machine to maximize…
A: Linear programming is a mathematical technique that is also used in operations management…
Q: 1. Weenies and Buns is a food processing plant which manufactures hot dogs and hot dog buns. They…
A:
Q: The A&M Hobby Shop carries a line of radio-controlled model racing cars. Demand for the cars is…
A:
Q: Difference between purchasing and procurement
A: Purchasing and procurement are the two distinct activites that are carried out at the time of…
Q: o analyze and develop land use and travel/trip relationship Why is transportation considered as a…
A: In order to foresee how regional growth, population shifts, and transportation infrastructure would…
Q: Chris Sandvig Irrigation, Inc., has summarized the price list from four potential suppliers of an…
A: EOQ = 120 units (rounded to nearest integer since decimal value cant be procured)
Q: What is the amout ordered each week? What is the minimum required per gal?
A: Linear programming is a mathematical technique that is commonly used in operations management…
Q: An operations manager wears many hats in his workplace. Discuss the following roles played by an…
A: Operation manager:- As an operations manager, it’s your responsibility to manage the work flow and…
Q: Suppose that a firm begins at time t=0 with a capital stock of K(0) = 500,000 pesos and, in addition…
A:
Q: Porter five forces model, developed by Michael E. Porter of Harvard University in 1979, holds the…
A: Model P is a structure that helps assess a company’s competition. This helps to evaluate a company…
Q: Risk identification determines which risks might affect the project and documents their…
A: Project risk management is described as a process through which risks can be prevented. This can be…
Q: tive ideas from the Prototyping & Robust Design concept for future product/service development…
A: Prototyping is interlaced with essentially all item, administration, and frameworks advancement…
Q: GM Electronics expects to sell 800 alarm systems each month of 2022 at R4 000 each. The cost price…
A: Annual Demand, d =800 ×12 =9600 alarm systems Unit cost, u =R 2000 Holding cost, h =0.01×2000 = R 20…
Q: 4. Citizens of a country send documents to renew their passport. The average time in the mail is…
A: Value added time refers to the ratio of time spent in adding value to any product or service and the…
Q: Illustration 5.3 Volkswagen's governance crisis Spring 2015 saw a boardroom battle at one of the…
A: To what extent does Volkswagen reflect the strengths and weaknesses of the stakeholder model of…
Q: An automatic lathe produces rollers for roller bearings, and the process is monitored by statistical…
A: Given data N= 4 The central line with respect to the sample means is fixed at 8.60 and mean range…
Q: Could you please answer this statement from the perspective of 'it depends': Savings in the supply…
A: Savings:- Savings are money you have left over after paying all your bills and expenses, such as…
Q: Intan Store sells 240,000 cabinets per year. Based on the company's policy, a safety stock of 4…
A: Given, Annual demand, d =240000 cabinets Carrying cost, h =RM 0.60 Ordering cost, o =RM 150 Lead…
Q: discuss the 8 principles of a Quality Management Systems, utilising practical examples for each…
A: Quality management principles are based on a group of essential beliefs, standards, rules, &…
Q: Why are Facilities Management standards important?
A: The facilities manager's are primarily responsible for looking into the arrangements of security,…
Q: The Barberton Municipal division of Road Maintenance is charged with road repair in the city of…
A: Demand: Quarter The demand for labor hours 1 7000 2 12500 3 19500 4 9000 The level…
Q: Develop Desicion tree
A: Size of the first station Good market Fair market Poor market Small 50000 20000 -10000 Medium…
Q: Inventory Policy Weekly Stochastic Demand, D follows N(μD=539,0²D=6724) Given: T=1.5 weeks…
A:
Q: Formulate and solve a linear program to determine the shipping arrangements (mode, destination, and…
A: As per Bartleby guidelines, we can only solve one question at a time. Kindly upload the other…
Q: Why is it important to consider project management competencies like ability, capability, and…
A: A project manager is a key to project success and also part of the reason if a project fails. The…
Q: Which of the following count as appropriate language of cause? i. Because of ii. Due to iii. A…
A: Note- Hi! Thank you for the question As per the honour code, We’ll answer the first question since…
Q: PROBLEM 7 Eyewitness News is shown on channel 5 Monday through Friday evenings from 5:00 P.M. to…
A: “Since you have asked multiple questions, we will solve the first question for you. If you want any…
Q: PROBLEM 3 Magasin Publishing Company publishes two types of magazines on a monthly basis: a…
A: Given data is Type Profit Cost Restaurant & entertainment P50 P17 Real estate P75 P25…
Q: Several graduate students at ABC University formed a company called the ABC River Rafting Company to…
A: Initial investment $2,000 Labor and material cost $5 per raft
Q: How does challenging old assumptions and traditions lead to entrepreneurial opportunities? How can…
A: Entrepreneur:- Entrepreneurs are people who launch new businesses, bearing the bulk of the risks and…
Q: Explain the layout of production for a hotel’s interior and exterior and provide examples to support…
A: 1. Find your interior design focus.Keep this focus in mind as you choose your theme and general…
Q: A loan processing operation that processes an average of 8 loans per day. The operation ha design…
A: Production is the process in which inputs are combined to have the required output. It includes a…
Q: ou have the following information: Demand rate = 250 units per hour Lead time = 15 hours container…
A: Let Demand per unit of time = D Lead time = T Container capacity = C Buffer = X
Q: What is its in-stock probability? %
A: Inventory refers to the raw material that is used in the production of the goods. Inventory is the…
Q: Draw up a plan for a preliminary assessment of waste minimization opportunities in a small…
A: Waste minimization is indeed a method of waste management that aims to lessen the quantity as well…
Q: Lenovo uses the ZX-81 chip in some of its laptop computers. The prices for the chip during the last…
A: The detailed solution is given in Step 2.
Step by step
Solved in 2 steps with 2 images
- 2-39 Susan Williams has been the production manager of Medical Suppliers, Inc., for the past 17 years. Medical Suppliers, Inc., is a producer of bandages and arm slings. During the past 5 years, the demand for No-Stick bandages has been fairly constant. On average, sales have been about 87,000 packages of No-Stick. Susan has reason to believe that the distribution of No-Stick follows a normal curve, with a standard deviation of 4,000 packages. What is the probability that sales will be less than 81,000 packages?is selling Christmas trees. She purchases trees for $10 and sells for $25 each. The number of trees she can sell is normally distributed with a mean of 100 and standard deviation of 30. How many trees should purchase?That One Book sells its books through The Witch and the Wardrobe bookstores. It costs That One Book $0.80 to print each book; it sells the book to The Witch and the Wardrobe for $2.50. The Witch and the Wardrobe then sells the books at retail for $6.00. Whatever doesn’t sell gets thrown away. Demand for the book each issue is normal with a mean of 5219 and a standard deviation of 1610. To give The Witch and the Wardrobe incentive to order more books, it proposes a revenue-sharing contract. Instead of selling the book to The Witch and the Wardrobe for $2.50, That One Book will sell its books to The Witch and the Wardrobe for only $1.00. However, for each book that The Witch and the Wardrobe sells at retail, The Witch and the Wardrobe must give $2.00 back to That One Book. With this revenue sharing agreement in place, what is the optimal order amount that will maximize The Witch and the Wardrobe expected profit? Please do fast ASAP
- Your company currently keeps a safety stock of 554 units of a particular product that has a lead time of 10 days. Records indicate that the weekly demand was as follows: 1176 955 780 1052 736 842 748 993 852 738 794 1444 1333 1372 1106 706 923 734 786 729 1357 1165 1277 683 1106 What is the current service level? Input your result as the decimal form and round to 4 decimal places. You are requested to recommend a safety stock that will ensure an average service level of 97.5%. The lead time is not expected to change. What safety stock would you recommend? (0 decimal places)Cynthia Knott's oyster bar buys fresh Louisiana oystersfor $5 per pound and sells them for $9 per pound. Any oysters notsold that day are sold to her cousin, who has a nearby grocery store,for $2 per pound. Cynthia believes that demand fo llows the normaldistribution, with a mean of I 00 pounds and a standard deviation of15 pounds. How many pounds should she order each day?I have worked these calcs and I have two that do not make sense. I even attempted to leave no rounding at all but it still comes back incorrect. Can you please show me where I am wrong. I need to turn this in tonight by 9:30 pm. Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 22 gallons per week and a standard deviation of 3.3 gallons per week. The new manager desires a service level of 90 percent. Lead time is two days, and the dairy is open seven days a week. (Hint: Work in terms of weeks.)Use Table B and Table B1. a-1. If an ROP model is used, what ROP would be consistent with the desired service level? (Do not round intermediate calculations. Round your final answer to 2 decimal places.) ROP 8.54 Numeric ResponseEdit Unavailable.8.54correct.gallons a-2. How many days of supply are on hand at the ROP, assuming average demand? (Do not round intermediate calculations. Round your final answer to 2…
- A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 36 quarts per day and a standard deviation of 7 quarts per day. Excess costs run .40 cents per quart. The grocer orders 42 quarts per day.Use Table. What is the implied cost of shortage per quart?27) Ali has a restaurant where the customers use a different number of disposable cups each day he is open. Every 30 days, Ali places an order to replenish his cup inventory. It takes 3 days for the order to arrive, at which point it brings the inventory level up to 4000 cups. It costs Ali $30 to have the order processed. Select all statements that apply to Ali's situation: Group of answer choices a) Ali uses a Continuous Inventory System b) d is constant c) Ali uses a Periodic Inventory System d) Ali uses a Fixed-Order-Quantity Inventory System e) Maximum Inventory Level is constantA small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 40 quarts per day and a standard deviation of 6 quarts per day. Excess costsrun 35 cents per quart. The grocer orders 49 quarts per day.a. What is the implied cost of shortage per quart?
- What is the average demand and standard deviation of demand during the protextion interval? the target inventory ? the order quantity ?A small grocery store sells fresh produce, which it obtains from a local farmer. During the strawberry season, demand for fresh strawberries can be reasonably approximated using a normal distribution with a mean of 40 quarts per day and a standard deviation of 6 quarts per day. Excess costsrun 35 cents per quart. The grocer orders 49 quarts per day.a. What is the implied cost of shortage per quart?b. Why might this be a reasonable figure?You have been asked to help a manufacturing firm that produces a variety of specialty components for local auto speed shops. The firm orders a number of components from suppliers, but the one they have asked you to analyze is special welding rod. Historical data suggests daily consumption of these rods can be modeled by a normal distribution with a mean and standard deviation of 42.3 and 5.1 bolts per day, respectively. The rods come in boxes of 5 rods/box, and the supplier will only ship in box quantities. It takes 2 days to receive an order from the supplier. You may assume that the daily demands are independent and identically distributed, and that inventory position is always known (i.e., continuous review). 1. The current policy is the order thirty boxes from the supplier when inventory position reaches ten boxes. What is the long run fraction of stock outs associated with the current strategy? 2. Assume the cost to place an order is $5 and holding is estimated to be…