supply chain management

#1 Work problem 1 pg 79. Note: use h= .15/365 and D = 365*d

#2 Work problem 2 pg 79-80. Note: use h = 0.25*50/52. Also note that the formula in the book is wrong. Should be Average Inventory = Q/2 + Z* *sqrt(L)

#3 Explain what is meant by capacity. How does it apply to a warehouse? A retail store? How would you need to adjust capacity in the face of demand uncertainty?

#4 Explain the relationship between lead time and service time and time spent waiting for capacity? What remedies are possible?

#5 What is meant by time-based competition? Describe the “triple A Supply chain” concept. Explain why global supply chains may need to involve joint capital investments or risk sharing agreements.