Exercise Lecture 1 – Chapter 2 Inventory Management 1. A drugstore sells bandages for $5 per box. The monthly demand for this product has a normal distribution with a mean of 100 and a standard deviation of 30. The store adopts a continuous review policy in which the order quantity equals the average demand for one month and the reorder point equals 43 boxes. The lead time for an order is one week‚ where each month contains exactly four weeks. a. What is the cycle service level for this product
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Monday‚ October 20‚ 2014 Please submit to the general office of the IMSE department (Ms Kate Lee HW8-17) on Oct 20 Late submission will be discounted by 20% on a daily basis Please e-mail me msong@hku.hk if you have any questions Problem 1. Work through the simplex method step by step to demonstrate that the following problem is unbounded. (5 marks) max 5x1 + x2 + 3x3 + 4x4 s.t. x1 – 2x2 + 4x3 + 3x4 ≤ 20 –4x1 + 6x2 + 5x3 – 4x4 ≤ 40 2x1 – 3x2 + 3x3 + 8x4 ≤ 50 x1 ≥ 0
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Supply Chain Restructuring: Analysis of Avon’s success story Presented by Ajay P Appukuttan (3966744) Musaffar Ali Hajour Table of Contents Introduction3 Summary of Findings4 Background Information7 Critical Issues8 Detailed Recommendations9 Implementation & Evaluation10 Conclusion11 References12 INTRODUCTION The success story of Avon‚ the company for women and world’s leading direct seller for beauty products starts with a decentralized operation in 6 countries in 1980s
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CHAPTER 1 THE PROBLEM: RATIONALE AND BACKGROUND Introduction Hospitality students who graduate today face many challenges when finding a job in today’s competitive job market. Graduates must meet the expectations of the prospective companies as well as recruiters’ expectations. If they are negative‚ it will take a lot of success to reverse the first impression which is marked by frustrated expectations‚ inability to find suitable and decent jobs‚ and inefficient job search. When investment
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PROC 5850 Week 1 Homework: Ch1 Question 1‚2‚6 1. Consider the supply chain for a domestic automobile. a. What are the components of the supply chain for an automobile? The components of the supply chain for an automobile are as follows: First you have the supplying industries. These include components such as steel and other metals‚ rubber‚ electronics‚ plastic‚ glass‚ and textiles. These raw components are fabricated into car bodies‚ mechanical and electrical subcomponents
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The Supply Chain of the Next Decade ---A Study on the Context of Global Supply Chain [pic] National University of Singapore Industrial and System Engineering Group Leader: Zhang Juzheng Group Members: Gu Shimin
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Question #1: How might Dell use each of the five basic SCM components? Answer: Supply chain management has five basic components - Plan‚ Source‚ Make‚ Deliver and Return (Baltzan & Phillips‚ 2009‚ p.291). To run as a successful business Dell must always have an optimum performance in all those areas. Dell should always plan ahead. Because their policy is not to store raw materials or finished products they have to plan all possible disaster scenarios and must have contingency plan to ensure that
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INTRODUCTION Every company has their own supply chain in order to sort or produce goods. However‚ the company needs to manage supply chain to maximize its highest benefits. By having effective supply chain management‚ the company can ensure that the right product or service will be available at the time to the right place and at the right price (Kamal 2007). Amazon is one of the companies that have best supply chain practices in order to respond high level of responsiveness for the customers
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Suggested Assignment Questions Industrie Pininfarina - What are the advantages and disadvantages of being a niche manufacturer? How has the competitive environment of niche auto manufacturers been changing over the past few years? What factors are affecting the competitiveness of niche manufacturers such as Pininfarina compared to the volume manufacturers? - As Renato Bertrandi‚ what do you see as the most significant challenges facing Pininfarina over the next five years? What are Pininfarina’s
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and an online store where hardware and software products are sold. As of May 2010[update]‚ Apple is one of the largest companies in the world and the most valuable technology company in the world‚ having surpassed Microsoft. Established on April 1‚ 1976 in Cupertino‚ California‚ and incorporated January 3‚ 1977‚ the company was previously named Apple Computer‚ Inc.‚ for its first 30 years‚ but removed the word "Computer" on January 9‚ 2007‚[9] to reflect the company’s ongoing expansion into the
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