I disagree with the fact that there is no need for privacy regulations in the ar

Question

I disagree with the fact that there is no need for privacy regulations in the area of RFID. RFID transmits information from long distances, and are not disabled even when they leave the factory. This obviously has tremendous benefits for the company, when inventory or material and product tracking are concerned, as RFID technology can help the company track, where the raw material is, right from the suppliers door step to the company premises, then where is that raw material sitting in the company, in form of raw material, WIP or finished good, helping the company track its inventory. And finally, when the company ships the product, it can be tracked till it reaches the retail stores, even on the retail shelf. Hence the company gets to know if there is some problem in transit, and can hence resolve it fast.

But the problem arises when the product leaves the retail store with the customer. The customer whereabouts can be tracked by the company. This can tell the company about the customer’s buying preferences, and other important customer information, for formulating customer profile for future sales. But it is a intrusion in the customer’s privacy, as someone else having a full time critical information about an individual, for instance the person’s location information, etc, can even pose security threats. RFID tags transmit knowledge about the customer’s whereabouts even without the customer having the knowledge about that. In extreme cases, RFID tags with unique serial or identification numbers can even be linked to a customer’s personal and confidential information, like her credit card number.

Explanation / Answer

Below is a graph showing the planned inventory cycle for Item #2092 kept in work-in- process. Using the graph and the information given below answer the following(Note Do not assume the graph is to scale.) Peak Inventory Ty Calculate the following: Stable Demand = 180 units per day = 0.95 a. Slopes of lines AB and BC b. Safety Stock Quantity c. Length oftime mdicated by d. Length of time indicated by ly Service Level = 99.5% Per-order cost = $125 Carrying Cost = $7:umitvear 250 working days per year Peak Inventory 1454.65192 p=500

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