these switches at a time. Assuming no safety stocks‚ Litely estimates a 50% chance of no shortages in each cycle‚ and the probability of shortages of 5‚ 10‚ and 15 units as 0.2‚ 0.15‚ and 0.15 respectively. The carrying cost per unit per year is calculated as $5 and the stockout cost is estimated at $6 ($3 lost profit per switch and another $3 lost in goodwill‚ or future sales loss). What level of safety stock should Litely use for this product? (Consider safety stock of 0‚ 5‚ 10‚ and 15 units) Carrying
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The National Highway Traffic Safety Administration (NHTSA) defines aggressive driving as "the operation of a motor vehicle in a manner that endangers or is likely to endanger persons or property"a traffic and not a criminal offense like road rage. Examples include speeding or driving too fast for conditions‚ improper lane changing‚ tailgating and improper passing. Approximately 6‚800‚000 crashes occur in the United States each year; a substantial number are estimated to be caused by aggressive driving
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___________________________________________________________ Stocks have historically had much higher returns than bonds. Can these excess returns be justified by the higher risk attached to stocks‚ or are there alternative explanations? The following is an abbreviated history of studies and models that articulate the logic of stock returns; included are both support for and alternatives to the equity risk premium. Edgar Lawrence Smith’s 1924 book Common Stocks as Long Term Investments […] was immediately
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PLANT SAFETY Industrial accidents present a serious problem like production losses and property damage that can possibly have a crippling effect on the operations of the organization. However‚ it is possible to and practicable to control industrial accidents Objectives of The Indian Factories Act 1948 • To protect human beings from being subjected to unduly long hours of bodily strains of manual labor‚ and • Employees should work in health and sanitary conditions so far as the manufacturing
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maintaining health and safety standards * Food act 2003 (NSW) This is that act of the NSW parliament that controls food prepared for sale in NSW. The role of this act is to continuously improve the food safety systems. All employees in the hospitality industry are responsible for making sure that they follow the rules and guidelines for maintaining high standards of food safety. The advantages of this food act is that it continuously aims to improve the food safety systems which shows that
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Safety in the workplace is not only an organizational issue but also an individual issue. Workplace safety describes “policies and procedures in place to ensure the safety and health of employees within a workplace” (BusinessDictionary.com‚ 2013). In the United States nearly six thousand work-related deaths and 4.1 million nonfatal injuries and illnesses occurred in 2006 (Christian‚ Wallace‚ Bradley‚ & Burke‚ 2009 p. 1103). Although this is a huge number there have been great strides in improving
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Reducing Foreign Exchange Settlements A company that regularly conducts business in multiple countries must spend a considerable amount of time settling foreign exchange transactions. It may buy and sell the same currencies many times over as it processes individual payables and receivables. There are three ways to reduce the volume of these transactions‚ depending on the number of parties involved: Unilateral Netting: A company can aggregate the cash flows amongst its various subsidiaries to
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What is an occupational safety‚ health and environmental professional? To perform their professional functions‚ safety professionals must have education‚ training and experience in a common body of knowledge. Safety professionals need to have a fundamental knowledge of physics‚ chemistry‚ biology‚ physiology‚ statistics‚ mathematics‚ computer science‚ engineering mechanics‚ industrial processes‚ business‚ communication and psychology. Professional safety studies include industrial hygiene and toxicology
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Informative speech on automobile safety Informative Speech Outline Intro Automobiles! You just have to have one in this fast paced world! In the United States‚ or maybe just in a popular city such as Los Angeles or New York‚ automobiles are necessary. People need to move from point A to point B. These points can be as close as a few hundred feet or even range up to a few hundred miles! When making these trips safety is a priority. There are hundreds of thousands of automobiles on the roads across
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Unit 306 Understanding health and safety in social care settings Task A Presentation Health and safety at work act 1974 is the legislation or law which all company’s have to abide by‚ it can be put into two statements which are Employers responsibilities – it is the employers responsibility to ensure the safety and well- being of all the members of staff while at work and Employees responsibilities – it is the employees responsibilities to take care of themselves in the work place and to keep
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