Find safety stock required at 1 standard deviation

Assignment Help Operation Management
Reference no: EM13103838

Unimed is a manufacturer of specialty medidcal equipment. For one particular variety of equipment offered:
average daily demand is 25 units, with a standard deviation of 6 units
replenishment lead time is 15 days, with a standard deviation of 4 days
find the safety stock required at 1 standard deviation under conditions of demand and replenishment cycle uncertainties (rounded to the nearest whole number):
A 103 units
B 34 units
c 14 units
d 68 units

Reference no: EM13103838

Questions Cloud

How fast was the car going at the half way point in time : Suppose a car starts from rest and completes a straight line, 1/4 mile (402 meter) race in 12.3 seconds. Assume the acceleration to be constant.
How technology enhances business : Create the 1,050- to 1,400-word paper based on personal experience in workplace which gives examples of how management at your company expects technology to enhance business.
Probability of different colors of marbles : A jar contains marbles of different colors: 4 white, 6 black, 6 red, and 4 blue. On two random drawings, without replacement, find the probability that the first is black and the second is white.
What is the change in potential energy : A uniform electric field of magnitude 380 N/C pointing in the positive x-direction acts on an electron, which is initially at rest. The electron has moved 2.60 cm. (a) What is the work done by the field on the electron? J (b) What is the change in..
Find safety stock required at 1 standard deviation : Unimed is a manufacturer of specialty medidcal equipment. For one particular variety of equipment offered, average daily demand is 25 units, with a standard deviation of 6 units
Department revenues at budgeted levels : The university police department must write, on average, five tickets per day to keep department revenues at budgeted levels. Suppose the number of tickets written per day follows Poisson distribution with a mean of 9 tickets per day.
What is the minimum distance from near edge of intersection : A blue car of length 4.41 m is moving north on a roadway that intersects another perpendicular roadway (see figure below). The width of the intersection from near edge to far edge is 30.0 m.
Discuss poisson distribution probability : Assume that the number of Telephone calls arriving in an office during a 15minute period has a Poisson distribution with mean number of calls equal 5.
Estimate annual inventory carrying cost : MacPack Products orders materials from its suppliers 26 times per year, at a re-ordering cost of $350 (per order). The company's average inventory is valued at $400,000.

Reviews

Write a Review

Operation Management Questions & Answers

  Respect to job satisfaction and performance

Which of the following statement is true with respect to job satisfaction and performance

  Developing personal skills in making

Developing personal skills in making, assessing and communicating recommendations on how to improve development and commercialization organizations

  What activities would be included in the value added time

What activities would be included in the value added time of fast food hamburger preparation and delivery? Why are these part of the Value Added Time?

  What is average time in the system in minute

Assume that a second server can be added to team up with the first (and, in effect, act as one faster server). This would reduce the average service time to 90 seconds. What is average time in the system in min..

  Illustrate what are the potential benefits

Suppose I am the operations manager of our company. Illustrate what are the potential benefits I will get from holding joint planning also meetings with the marketing also finance department

  Elucidate how liker casual are intervening

Elucidate how Liker's casual are, intervening also end result variables useful in discussing also thinking about effectiveness.

  Ability of a manager to retrieve information instantly

Information is one part of decision making, with managers being the other. What is the difference between the ability of a manager to retrieve information instantly on demand using an MIS

  Developing merchandise buying plan for marketing

Acting as a merchandise buyer for a fictitious store, the University Boutique.First develop the retailer's six-month buying plan. Secondly develop the retailer's merchandise assortment plan.

  How do you handle this as the marketing leader

How do you handle this as the Marketing Leader? What is your plan. How do you handle this as the Director of HR?What is your plan. How do you handle this as the CEO?What is your plan.

  Hydro-luxes require six labor hours

Hydro-Luxes require six labor hours, the profit margin on this product should be $96 less. Who is right and why?

  Breaches through a concealed investigative process

from an internal source it can be nearly impossible to detect if there are no internal controls or a plan to investigate internal breaches through a concealed investigative process.

  Changed and possible replacement practices

If you can not remember such a situation from your own work history, you may write about an organization that you can read about in the press.

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