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Q. Illustrate what is virtual network approach to structure? Is use of authority also responsibility different compared with o r forms of departmentalization?

Q. Injection molding department of a company uses an average of 30 gallons of special lubricant a day. Supply of lubricant is replenished when amount on hand is 170 gallons. It takes four days for an order to deliver. Safety stock is 50 gallons, which provides a stock out risk of 9 percent. Illustrate what amount of safety stock would provide a stock out of 3 percent? Assume normality.

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Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9312166

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