Interval approach to managing his inventory of corn chip bag

Assignment Help Operation Management
Reference no: EM13904383

John uses a fixed order interval approach to managing his inventory of corn chip bags (i.e., John orders more bags on the 1st of each month). John doesn't know demand with certainty, but he usually ranges from 2000 to 4000 bags, so he keeps 4500 bags in stock. Last month John used 2350 bags. Using the periodic review (P) system, how many bags will John order this month?

Reference no: EM13904383

Questions Cloud

River clinic has two general practitioners who see patients : The River Clinic has two general practitioners who see patients daily. An average of six patients arrives at the clinic per hour. Each doctor spends an average of 15 minutes with a patient. The patients wait in a waiting area until one of the doctors..
Jumbled list of persons and job activities into logical flow : Recognize the following jumbled list of events, persons, and job activities into a logical flow, from start to finish, of the guest arrival process
One air traffic controller to land planes : The Peachtree Airport in Atlanta serves light aircraft. It has a single runway and one air traffic controller to land planes. It takes an airplane 12 minutes to land and clear the runway. Planes arrive at the airport at the rate of four per hour. Det..
Consider the social factors that influence consumer decision : Consider the social factors that influence consumer decisions. Select two demographic or psychographic factors that would be most important to these product-marketing situations:
Interval approach to managing his inventory of corn chip bag : John uses a fixed order interval approach to managing his inventory of corn chip bags (i.e., John orders more bags on the 1st of each month). John doesn't know demand with certainty, but he usually ranges from 2000 to 4000 bags, so he keeps 4500 bags..
What will be the average inventory of fuel : Steve owns a local trucking company. With fuel costs being expensive, Steve wants to evaluate how much fuel, on average, he should store in his 8,000 gallon fuel tank. Each year Steve uses 80,000 gallons of diesel (usage is spread evenly throughout t..
Quantity discounts are available according to the schedule : Annual demand for an item is 35,000 units. The holding cost rate is 15% of the item cost. Ordering costs are $25 per order. Assume 52 5-day weeks per year. If the lead-time is 1 week, what should the reorder point be?
Desired during the reorder interval-what is reorder point : Annual demand for an item is 11,000 units with the cost per unit at $250. The holding rate is 10% and the order cost is $14.00 per order. The standard deviation of daily demand is 3 units. Assume 260 days in the year and a lead-time of 2 days. If a s..
Example of an experiential training method : Which of the following is an example of an experiential training method?

Reviews

Write a Review

 

Operation Management Questions & Answers

  How are information systems transforming business

How are information systems transforming business, and what is their relationship to globalization?

  International-multinational-global or transnational

Imagine you were the CEO of a major company. What approach to global competition would you choose for your firm: international, multinational, global, or transnational? Why?

  Develop a brief business plan

develop a brief business plan that highlight thefinancial,marketing and organization aspects

  Define make-to-stock and make-to-order systems

Compare and contrast between make-to-stock and make-to-order systems. In your comparison, why does each system require different types of contracts

  The audio-electronic roller coaster

"The Audio-Electronic Roller Coaster". Given what we learned in this chapter on the behavior of variables over time, how could AudioMax Corp. reduce their cycles of "ups and downs" and maintain a consistent rate of profitability?

  Identify conflict resolution techniques used when conflict

Identify techniques for reducing the probability of dysfunctional conflict. Identify conflict resolution techniques used when conflict arises.

  Compare the start-up of the red team and the blue team

Compare the start-up of the Red Team and the Blue team from the perspective of Tuckman's model of group development: Describe which stages each group went through. Provide supporting rationale.

  Three ways in which the restaurant can engage in socially

three ways in which the restaurant can engage in socially responsive activities in the commununity within which it operates.

  Project in accordance with the charter template

Provide a project charter of your selected project in accordance with the charter template found in Doc Sharing. Please put this in proper business writing format. Consider me to be your boss. A charter should be a minimum of 3-5 pages long( 3 woul..

  Situation where the employee contingency of skill

In a situation where the employee contingency of skill and experience is low, according to path-goal theory the best leadership style would be

  What is the theoretical flow time of the process

During rush hour, demand exceeds capacity and long lines form. Does it make sense to add a pizza assembler? Why or why not? Please limit your answer to 2-3 sentences.

  Illustrate integrative learning in outlining the components

Illustrate integrative learning in outlining the components of the program, their importance and why the program should be developed. Integrate research from the course text, other academically appropriate resources, and personal experiences.

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