What advantages are there to the following groups in encouraging participation from all team members?
2. the team as a whole
3. each individual
What are the key requirements for fostering and supporting full commitment in a team situation?
Video Works is a retail establishment that sells DVD players to its customers. Video Works orders 15 DVD players (Q) from their supplier when their inventory reaches 5 units (R). Daily demand for DVD players varies according to the probability distribution shown below. There is no lead time since orders made are received the next day in time for sale. The cost to hold one unit in inventory for one day is $0.50. The cost to place an order to replenish their inventory is $100. Stockout costs per unit are $40. Initial inventory is 15 units. Simulate this inventory policy for 10 days and calculate average daily costs Daily Demand (units) Probability 0 0.05 1 0.05 2 0.2 3 0.3 4 0.3 5 0.1 • Construct the appropriate random number mapping for the random variable. • Simulate 10 days by using the random numbers given below. • What is the average daily cost to manage this inventory policy?= Random Numbers To Be Used in the Simulation Day 1 2 3 4 5 6 7 8 9 10 Demand 0.57 0.59 0.8 0.2 0.82 0.9 0.02 0.11 0.81 0.84 Use the following headings Day OI U R A I RN D D F EI SO P.O IC SOC OC Day, open inventory (OI), units received (UR), Available inventory (AI) , RN, demand (D), demand filled(DF), ending inventory (EI), stock outs (SO), place order(PO), inventory cost(IC),
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