Larry ellison starts a company that manufacturers high-end custom leather bags. he hires three employees. each employee only begins working on a bag when a customer order has been received and then she makes the bag from beginning to end. the average production time of a bag is 2.8 days with a standard deviation of 4 days. larry expects to receive one customer order per day on average. the inter-arrival times of orders have a coefficient of variation of 1.

what is the expected duration, in days, between when an order is received and when production begins on the bag (i. e. include the time waiting to start production but do not include the time in accuracy should be of two digits after the decimal places.)

Atoy manufacturer makes its own wind-up motors, which are then put into its toys. while the toy manufacturing process is continuous, the motors are intermittent flow. data on the manufacture of the motors appears below.annual demand (d) = 50,000 units daily subassembly production rate = 1,000setup cost (s) = $85 per batch daily subassembly usage rate = 200carrying cost = $.20 per unit per year(a) to minimize cost, how large should each batch of subassemblies be? (b) approximately how many days are required to produce a batch? (c) how long is a complete cycle? (d) what is the average inventory for this problem? (e) what is the total annual inventory cost (holding plus setup) of the optimal behavior in this problem?

Burberry is pursuing a focused differentiation strategy aimed at high-end luxury customers. however, the company is also employing a segmentation strategy to separate customers within that focus. the strategy offers items at an entry-level price point for customers who desire to be like celebrities such as sarah jessica parker as well as couture items for those richest and celebrity customers. what strategy is burberry pursuing?

What are two benefits of consumer programs