Using the fixed-time period inventory model

Assignment Help Operation Management
Reference no: EM13843224

Using the fixed? time period inventory model, and given an average daily demand of 15 units, 3 days between inventory reviews, 1 day for lead time, 30 units of inventory on hand, a service probability of 98 percent, and a standard deviation of daily demand is 3 units, which of the following is the order quantity?

Reference no: EM13843224

Questions Cloud

Difference between independent demand and dependent demand : What are the three inputs to MRP? Discuss the significance of each input to the MRP process. What are the major advantages of using MRP? What are the limitations of using MRP? Discuss the difference between independent demand and dependent demand. Wh..
What is short selling ? : What is short selling ?
Legality of programs and apps that block ads : What do you think about the availability / legality of programs and apps that block ads? Do you think that these should exist? How do you think businesses can overcome the existence of programs like AdBlock (such as with marketing strategies)
What will be the the loss value : 1500 FMV of silverware stolen from her Jane's home by a burglar on Oct. 12, 2014 , she had paid $14000 for the silverware in July 1,2005. She was reimburse $1500 by her insurance company. what will be the the loss value?
Using the fixed-time period inventory model : Using the fixed? time period inventory model, and given an average daily demand of 15 units, 3 days between inventory reviews, 1 day for lead time, 30 units of inventory on hand, a service probability of 98 percent, and a standard deviation of daily ..
Inc produces chairs and tables : Inc produces chairs and tables. The profit for a chair is $200 and the profit for a table is half as much as for a chair. The firm is limited by its total available labor hours and limits on each product. The total labor hours per week are 5,000. Cha..
Manufacturer guarantees that the tires : The wearout mileage of a Sparky All Whether is normally distributed with a mean of 25000 miles and a standard deviation of 2300 miles. If manufacturer guarantees that the tires last at least 23850 miles, what percentage of tires will live up to the..
Making part with an average weight : Consider a process that has been making a part with an average weight of 24.5 ounces and an average range of 1.2 ounces for groups of size 4. Suppose further that the workers have made an x?bar chart using groups of size 4.
The text presents three demand forecasting models : The text presents three demand forecasting models. The concept of collaborative planning, forecasting, and replenishment (CPFR) is also briefly presented. Discuss how these two concepts form just one aspect of a true integrated logistics process. Wha..

Reviews

Write a Review

 

Operation Management Questions & Answers

  Recruiting a manager for a new department

You work in a new organization. You have been charged with recruiting a manager for a new department within the Services division. The Vice President of the Services division stresses to you that, "This is a new department that requires a good man..

  In these states the comparative negligence rule means that

A majority of states have adopted comparative negligence similar to California; in these states the comparative negligence rule means that?

  Determine the gross quantities needed of each item

Design a product structure noting the quantities for each item and show the low-level coding.

  Q 1 the banking market in athens ohio currently has four

q. 1 the banking market in athens ohio currently has four banks with market shares of 60 20 15 and 5. the two smallest

  Determine which of the planning opportunities is beneficial

determine which of the planning opportunities could be beneficial in a corporate and independent business setting. In detail, convey why or why not? Using the text for this class, describe the pros and cons in business law regarding capital gains...

  Sales of music stands at jonny ho''s music store

Sales of music stands at Jonny Ho's music store in Columbus over the past 10 weeks are shown in the table below.

  How much did the investor withdraw at the end of year 8

how much did the investor withdraw at the end of year 8?

  Sales of music stands at johnny ho''s music store

Sales of music stands at Johnny Ho's music store in Columbus Ohio over the past 10 weeks are shown in the table below

  Experience in articulating a particular leadership theory

In this discussion, you will gain experience in articulating a particular leadership theory and evaluating a rationale for using it as a guide to enact a leadership agenda.

  Find the average number of customers waiting for haircuts

Find the average number of customers waiting for haircuts. Find the average number of customers in the shop

  A complete swot analysis weaknesses strengths opportunities

individual projecttoolscorp corporation is a fictitious company that does not exist anywhere. for the purpose of this

  Define corporate social responsibility

Each question's response must be 100-150 words in length and include at least 1 academic resource. 1. Define corporate social responsibility.

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