Q. A business needs to determine its Reorder Point (ROP). Its demand situation is uncertain and they need to build into Reorder Point a safety stock. Business needs to have a level of service of 95 percent. If average daily demand (d-bar units/day) is 8 units/day, lead time (L) is 3 days and standard deviation of usage during lead time (σ L) is 2, illustrate what is Reorder Point (ROP)?
Q. Do you think that most managers in real life use a contingency approach to increase ir leadership effectiveness? Discuss.