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A particular brand of soap has a lead time of three weeks to reorder, a weekly standard deviation of ten units, and a weekly average usage of 30 units. The reorder point for this soap, assuming a 95 percent service level (z = 1.645), is

The definition of quality management has evolved from “quality by inspection” toward “delivering competitive advantage to the firm.” Briefly discuss the various definitions of quality management described in this chapter.

Which of the following subjects are NOT included in the Project Management Institute’s body of knowledge?

Describe the types of short-range, medium-range, and long-range capacity decisions.

Which of the following is true regarding process throughput at a bottleneck?

Critical path method (CPM) network scheduling assumes a second order (non-linear) time-cost tradeoff exists.

Given that unit cost = $25, annual carrying charge = 10%, annual demand = 4,000 units, and ordering cost = $15 per order, the EOQ is

The carrying cost for inventory consists of which cost components?

Describe the types of short-range, medium-range, and long-range capacity decisions.

Describe the relationship between control costs, failure costs, and overall levels of quality.