Introduction to Business
OER 2018 Edition
ISBN: 9781947172548
Author: OpenStax
Publisher: OpenStax College
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Textbook Question
Chapter 4.2, Problem 1CC
How does a
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Students have asked these similar questions
In a P system, the lead time for a box of weed-killer is two weeks and the review period is one week. Demand during the protection interval averages 262 boxes, with
a standard deviation of demand during the protection interval of 40 boxes.
a. What is the cycle-service level when the target inventory is set at 350 boxes? Refer to the standard normal table as needed.
The cycle-service level is ☐ %. (Enter your response rounded to two decimal places.)
Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily from their supplier (Class
A items), those that will be controlled using a continuous review system (B items), and those that will be held in a two bin system (C items).
The following table shows the annual dollar usage for a sample of eight SKUs. Fill in the blanks for annual dollar usage below. (Enter your responses rounded to the
mearest whole number.)
Annual
SKU Unit Value Demand (units) Dollar
Usage
1
$1.50
200
2
$0.02
120,000
$
3
$1.00
40,000
$
4
$0.02
1,200
5
$4.50
700
6
$0.20
60,000
7
$0.90
350
8
$0.45
80
A part is produced in lots of
1,000
units. It is assembled from 2 components worth
$30
total. The value added in production (for labor and variable overhead) is
$30
per unit, bringing total costs per completed unit to
$60
The average lead time for the part is
7
weeks and annual demand is
3800
units, based on 50 business weeks per year.
Part 2
a. How many units of the part are held, on average, in cycle inventory?
enter your response here
units
Chapter 4 Solutions
Introduction to Business
Ch. 4.1 - What is a sole proprietorship?Ch. 4.1 - Why is this a popular form of business...Ch. 4.1 - What are the drawbacks to being a sole proprietor?Ch. 4.2 - How does a partnership differ from a sole...Ch. 4.2 - Describe the four main types of partnerships, and...Ch. 4.2 - What are the main advantages and disadvantages of...Ch. 4.3 - What is a corporation? Describe how corporations...Ch. 4.3 - Summarize the advantages and disadvantages of...Ch. 4.3 - Why do S corporations and limited liability...Ch. 4.4 - Describe the two types of cooperatives and the...
Ch. 4.4 - What are the benefits of joint ventures?Ch. 4.5 - Describe franchising and the main parties to the...Ch. 4.5 - Summarize the major advantages and disadvantages...Ch. 4.5 - Why has franchising proved so popular?Ch. 4.6 - Differentiate between a merger and an acquisition.Ch. 4.6 - What are the most common motives for corporate...Ch. 4.6 - Describe the different types of corporate mergers.Ch. 4.7 - What are some of the demographic trends currently...Ch. 4.7 - As a prospective business owner, what could you do...Ch. 4.7 - What other economic trends are influencing today's...Ch. 4 - After seeing a Quiznos franchise recruitment...Ch. 4 - Is the not-for-profit form of business...Ch. 4 - Why has this form of ownership not been replicated...Ch. 4 - What are the limitations and constraints that this...
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