Annual demand for product-what will new service probabilty

Assignment Help Operation Management

Reference no: EM13965905

Annual demand for a product is 13,000 units; weekly demand is 250 units with a standard deviation of 40 units. The cost of placing an order is $100, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.65 per unit. To provide a 98 percent service probability, what must the reorder point be? Suppose the production manager is told to reduce the safety stock of this item by 100 units. If this is done, what will the new service probability be?

Reference no: EM13965905

Material requirements planning-just in time manufacturing

What is the impact of technology on an organization? How does organizational technology facilitate sophisticated materials management systems such as JIT (Just in Time manufac

Everything from fixing a leaky pipe to changing a light bulb

It was Connor’s job to provide maintenance to the Carlson Hotel and Convention Center. He was employed by the Carlson to do everything from fixing a leaky pipe to changing a l

Standard deviation of the demand at the central warehouse

An online bookstore has four warehouses serving the southwest area. Weekly demand at each warehouse is independent and normally distributed with a mean of 500 and standard dev

Required stock level beginning of week to maintain service

The weekly demand of a certain consumable item XYZ at NAS North Island follows Poisson distribution with a mean of 5. The demand at NAS Miramar follows the same distribution w

Transformational leadership theory and leader-member theory

What are the strengths and weakness of transformational leadership theory and leader-member theory (LMX)? How might your knowledge of the LMX theory help you to become a bette

Explain the optimization to elementary

Please explain the "Optimization" to elementary school students. This answer is for people who don’t know technical terms and don’t have the knowledge about the optimization,

Osha issued emergency temporary standards

For which substances has OSHA issued Emergency Temporary Standards? Why are retailers becoming more stringent about monitoring safety in Bangladesh factories? What approach ar

What is the average service rate per minute

The Madrid Mist outlet store at Chiswell Mills sells discount luggage and does most of its daily business in the evening between the hours of 6 and 9 p.m. What is the average

Reviews

Write a Review

Message

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

User Account

All Pages