Determine the reorder point and safety stock

Assignment Help Operation Management
Reference no: EM13105846

The daily demand for 52" plasma TV's at Sarah's Discount Store is normally distributed, with an average of 5 and a standard deviation of 2 units. The lead time for a shipment of TV's is 10 days and is fairly constant. Determine the reorder point (ROP) and safety stock (SS) for a 95% service level.

Reference no: EM13105846

Questions Cloud

Determine the expected loss per unit : An electronic component has a specification of 150 +or- 4 ohms. Scrapping the component results in an $80 loss. If the process is centered on the target specification with a standard deviation of 2 ohms, what is the expected loss per unit?
Average diameter of sand dollars : The average diameter of sand dollars on a certain island is 3.60 centimeters with a standard deviation of 0.90 centimeters. If 36 sand dollars are chosen at random for a collection
Explain emphasized global standardization : What do you reason that Robert Goizueta switched from a strategy that emphasized localization towards one that emphasized global standardization?
Analysis of confidence interval : A random sample of 80 observations from a normally distributed population produced a mean x(bar over the x)= 22.6 . Find a 95% confidence interval for the population mean m if the population standard deviation
Determine the reorder point and safety stock : The daily demand for 52" plasma TV's at Sarah's Discount Store is normally distributed, with an average of 5 and a standard deviation of 2 units. The lead time for a shipment of TV's is 10 days and is fairly constant.
Sample is likely representative of the population : Based on data from Neilsen Media Research survey 44% of 5108 randomly selected households had their televisions sets tuned to the Superbowl on game day. Identify the sample, the population, and explain if the sample is likely to be representative ..
Proportions and confidence interval : Never forget that even small effects can be statistically significant if the samples are large. Of 148 small businesses, 106 were headed by men and 42 were headed by women.
Evaluate different compensation strategies : For instance a member of the human resources department in a manufacturing organization with 120 employees, you have been inquired to evaluate different compensation strategies that are available for adoption within your organization
Weight attitude populations : The question of interest is whether mean GPA is the same or differs for different weight attitude populations. Minitab output for the study is given above. The mean square error (MSE) in this study is:

Reviews

Write a Review

Operation Management Questions & Answers

  Explain how should she adopt a more collaborative approach

Jane needs to try a more collaborative approach to working with suppliers. Will her approach work. Explain how should she adopt a more collaborative approach in future negotiations with suppliers.

  Illustrate what would happen to during put of the line

Illustrate what would happen to during put of the line if we replaced the large single-machine at the bottleneck station with four smaller machines and held WIP at its current level.

  Discuss how the consequences of these obligations

Discuss how the consequences of these obligations might influence a company considering capitalizing itself by issuing equity

  Illustrate difference does it make if a consumer desires

Illustrate what difference does it make if a consumer desires a 10,000-unit order produced also delivered all at one time or in 2,500 - unit batches.

  Finding the crossover point

A product is currently made in a process-focused shop, where fixed costs are $9000 per year and variable cost is $50 per unit. The firm is considering a fundamental shift in process, to repetitive manufacture.

  Determine the total charge under each plan

plan C has a flat rate of $80 with 200 minutes of calls allowed per week and a charge of $0.40 per minute beyond that, day or evening. -determine the total charge under each plan for this case: 120 minutes of days calls and 40 minutes of evening cal..

  The snack food association publishes an annual state

The Snack Food Association publishes an annual State of the Industry report that can be found at sfa website Based on information in the latest State of the Industry report

  Elucidate how might factors which contribute to this team

Illustrate what can a manager learn from characteristics also activities of this particular team. Elucidate how might factors which contribute to this team's success be adopted in a business setting.

  Determine the indifference point from two alternatives

Henri Manufacturing must decide whether to insource or outsource a new toxic-free miracle carpet cleaner that works with its Miracle Carpet Cleaning Machine.

  Elucidate this performance compare to practical worst case

Elucidate how does this performance compare to practical worst case. Illustrate what would happen to throughput of line if we increased capacity at a non-bottleneck station also held WIP constant at its current level.

  The fda claims it has the right to classify new products

The FDA claims it has the right to classify new products as drugs and prevent their distribution until their safety is determined and approved for sale on the open market. Digesti-Aid disputes the FDA's decision and wants to bring a lawsuit to cha..

  Find weeks of supply for current and last year

Find weeks of supply for current and last year. Find inventory turnonver for current and last year

Free Assignment Quote

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!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd