Let’s assume that Sephora operates the following inventory policy for an item A. The annual demand for the item A is 14,560 units. The daily demand is 40 units with a standard deviation of 5 units. The cost to place order is $32,00, and the time from ordering to receipt is two days. The annual inventory holding cost is $0.40 per unit. Find the reorder point necessary to provide a 98 percent service probability (i. e., probability of a stock out). Also, if the operations manager wants to reduce the safety stock of the product A by 50%, what will the new service probability be?

If a company’s employees are angry about their work, a visiting auditor may also become agitated, illustrating the power of

The cost of labor is significantly lower in many countries than in the united states. if you move manufacturing to a facility to a country labeled as part of the axis of evil and a threat to world peace you will increase the net income of your client by $10 million per the facility is located in a country which limits personal freedom and engages in state sponsored terrorism. imagine you are a marketing consultant. (a) what would you tell the executives to do? (b) what are the alternatives? what are your recommendations? why do you recommend this course of action?

Suppose life expectancy in years (l) is a function of two inputs, health expenditures (h) and nutrition expenditures (n) in hundreds of dollars per year. the production function is upper l equals ch superscript 0.40 baseline upper n superscript 0.60l=ch0.40n0.60. beginning with c = 1, a health input of $400400 per year (hequals=44) and a nutrition input of $400400 per year (nequals=44), show that the marginal product of health expenditures and the marginal product of nutrition expenditures are both decreasing. the marginal product of health expenditures when h goes from 44 to 55 is nothing, and the marginal product of health when h goes from 66 to 77 is nothing. (round your answers to three decimal places.)