What are the five demand values

Assignment Help Operation Management

Reference no: EM131361148

A warehouse manager at Mary Beth Marrs Corp. needs to simulate the demand placed on a product that does not fit standard models. The concept being measured is "demand during lead time," where both lead time and daily demand are variable. The historical record for this product, along with the cumulative distribution, appear in the table. Random numbers have been generated to simulate the next 5 order cycles; they are 91, 45, 37, 65, and 51. What are the five demand values? What is their average?

Demand During Lead Time	Probability	Cumulative Probability
100	.01	.01
120	.15	.16
140	.30	.46
160	.15	.61
180	.04	.65
200	.10	.75
220	.25	1.00

Reference no: EM131361148

Questions Cloud

Identify a current public health care issue raised : Identify a current public health care issue raised in our text that affects you or someone you know. Public health care issues can be, for example, related to: clean air and water, and community health issues.

What is the function of terrorist threat integration center : You are an interface coordinator for the Directorate of National Intelligence. You have been asked to brief a half dozen freshman senators that will soon be members of the National Security Committee. You are required to explain the functions of t..

Average cholesterol level of people : In order to test the hypothesis (at the 5% level of significance) that the average cholesterol level of people who have had strokes was at least 240, what is the test statistic? (please round your answer to 2 decimal places

Average cholesterol level of people : In order to test the hypothesis (at the 5% level of significance) that the average cholesterol level of people who have had strokes was at least 240, what is the p-value? (please round your answer to 4 decimal places)

What are the five demand values : A warehouse manager at Mary Beth Marrs Corp. needs to simulate the demand placed on a product that does not fit standard models. Random numbers have been generated to simulate the next 5 order cycles; they are 91, 45, 37, 65, and 51. What are the f..

Find the densities of the neutrons and of the protons : The radius of a uranium nucleus is 7 × 10-15 m. It has atomic number 92 and mass number 238. Protons and neutrons are each spin-1/2 particles.

Write summary of your results and ways to improve competency : Write a 350- to 525-word summary of your results and ways to improve your competency. Format your assignment according to appropriate course-level APA guidelines.

Risk of losing market share : As long as the proportion of defective batteries in a shipment is below 2%, the manufacturer is not at risk of losing market share. It randomly selects 300 batteries from a very large shipment and finds 10 defective batteries in the sample.

Returns of a particular group of mutual funds : Suppose the returns of a particular group of mutual funds are normally distributed with a mean of 12.4% and a standard deviation of 4.7%. If the manager of particular fund wants his fund to be in the top 5% of funds with the highest return, what ..

User Account

All Pages