What is reorder point with safety stock-forecasting problem

Assignment Help Operation Management
Reference no: EM13820826

1) Use the following data for this Forecasting Problem and use the Exponential Smoothing Forecast Technique with an alpha value of 0.75.

What is your forecast for period #5?

2) Consider the following inventory problem:

The Average Monthly Demand is 400.

The Standard Deviation of Monthly Demand is 45.

The Lead Time from order placement to order receipt is 0.75 months.

The desired service level is 95%.

The Set Up Cost (or Cost per Order) is $150 per order.

The Holding Cost is $4 per item per year.

What is the Reorder Point with Safety Stock?

3) Consider the following Bill-of-Materials (BOM).

How many Part B's will be required to make one Part A?

Reference no: EM13820826

Questions Cloud

In what ways are carrier proteins and enzymes similar : Carrier proteins share several characteristics with enzymes. In what ways are carrier proteins and enzymes similar
Cultural dimensions : Evaluate the importance of MNCs having a culturally diverse board of directors and work force. Provide one (1) example that depicts the main reasons why such factors are essential for international success.
Discuss an ineffective electronic marketing email : Discuss an ineffective electronic marketing email, text message, or pop-up ad you have received. Why was the selected message ineffective? What was your reaction to it? What is your current attitude toward the company?
Which of the following is true regarding investment banks : 1.Which of the following is true regarding Investment Banks? 2. We compute the profitability index of a capital-budgeting proposal by Initial outlay = $1,748.80
What is reorder point with safety stock-forecasting problem : Use the following data for this Forecasting Problem and use the Exponential Smoothing Forecast Technique with an alpha value of 0.75. What is your forecast for period #5? What is the Reorder Point with Safety Stock? How many Part B's will be required..
Looking for a bibliography of james c hunter : Looking for a bibliography of James C Hunter, the author of The Servant: A Simple Story About the True Essence of Leadership it will need to be at least 2 pages, apa format, 12pt font,
Discuss factors that lead to genetic variation in population : Discuss factors that lead to genetic variations in a population by using the Hardy-Weinberg law that describes allele frequencies in a population
Why a professional school counselor must be knowledgeable : Describe in detail 5 reasons why a professional school counselor working with children and adolescents must be knowledgeable about development when working with children, adolescents, and/or their parents.
Decision making in groups and effective communication : Decision Making in Groups and Effective Communication

Reviews

Write a Review

 

Operation Management Questions & Answers

  One duty that is the most important for management to uphold

Of all the duties determine the one duty that is the most important for management to uphold. State a rationale with your answer.

  Interpretation of the significant ae interaction effect

Two former students of the author at Edinburgh Napier University carried out a designed experiment as part of their course on experimental design taught by Dr. Jeff Dodgson. The factors and levels considered are listed in Table 8.35.

  What is the relationship between service and inventory level

What is the relationship between service and inventory levels.?? What is the impact of lead time, and lead time variability, on inventory levels. It should be at least 250 words and APA format.

  Determine how the seven tools of quality can be used

determine how the seven tools of quality can be used to improve your company. You will expand on your thoughts pertaining to the use of all seven tools.

  What contracts must adhere to the statutes of frauds

What contracts must adhere to the Statutes of Frauds? Be very comprehensive and specific in your answer.

  Business process pragmatism

Jason Trevor owns a commercial bakery in Blakely, Georgia, that produces a variety of goods sold in grocery stores. Trevor is required by law to perform internal tests on food produced at his plant to check for contamination.

  Innovative product exterior is part of the products

Samsung has made a very slim, very aesthetically pleasing phone that it sells through Sprint and other mobile communications providers. The phone has enough flash memory to store and play 500 songs in its MP3 player.

  Elucidate how tailored sourcing affect production profits

Elucidate how will tailored sourcing affect production also profits. Ignore holding costs for snow blowers.

  A flow chart showing all the steps below is in the process

A flow chart showing all the steps below is in the process - ordering a drink at our large pools customer wants drink  order to waitress

  What a high performing project team

Describe in your own words what a high performing project team can do. List several characteristics of a project that can often result in creating conflict.

  What is the point estimate for the population mean

Company is packaged and sold with unknown weight and standard deviation. Seven packages are randomly selected and weighed with the following results in pounds.

  Compare and contrast the mis in place in two distinctly

compare and contrast the mis in place in two distinctly different organizations.compare each organizations use of

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