Riverside Ralphs' popular product is bottled water during summer months. It observes a weekly demand of 200 boxes of bottled water with a standard deviation of 50 boxes. The cost of placing an order is $200, and the time from ordering to receipt is 2 weeks. The procurement cost (wholesale price) of the product is $20. The annual inventory carrying cost is 10% of the procurement cost of the product. What is the reorder point if it wants to achieve a service level of 95%

Which job role belongs in the middle management level? a. president b. chief executive officer c. department manager d. chief operating officer e. vice president

Choose the statement that is incorrect. a. search activity occurs only in markets where there is a shortage. b. when a price is regulated and there is a shortage, search activity increases. c. the time spent looking for someone with whom to do business is called search activity. d. the opportunity cost of a good is equal to its price plus the value of the search time spent finding the good.

This exercise illustrates that poor quality can affect schedules and costs. a manufacturing process has 130 customer orders to fill. each order requires one component part that is purchased from a supplier. however, typically, 3% of the components are identified as defective, and the components can be assumed to be independent. (a) if the manufacturer stocks 130 components, what is the probability that the 130 orders can be filled without reordering components? (b) if the manufacturer stocks 132 components, what is the probability that the 130 orders can be filled without reordering components? (c) if the manufacturer stocks 135 components, what is the probability that the 130 orders can be filled without reordering components?