Consider continuous review inventory system

Assignment Help Operation Management

Reference no: EM131483805

Consider a continuous review inventory system. Demand is normally distributed with an average of 64,000 per month and a monthly standard deviation of 8020 units. Lead time is two weeks (assume four weeks per month). If the firm desires only a 67% cycle service level, how many units of safety stock should be held?

Reference no: EM131483805

Questions Cloud

What are the actions of the prescribed medications : RBM2101 Pathophysiology and Quality Use of Medicines 1 Open Book Test. What are the indications and actions of the prescribed medications

Significance of rules associated with international trade : Now that we have briefly discussed various aspects of contract, it is now important for us to realize significance of rules associated with international trade

Explaining what kind of malicious attack : Research and select a well-known malicious code attack that occurred within the last year. Write a summary report explaining what kind of malicious attack.

Boundless resource of information : The World Wide Web is a boundless resource of information. It contains blogs, tutorials, demos, videos, text, references, and resources.

Consider continuous review inventory system : Consider a continuous review inventory system. Demand is normally distributed with an average of 64,000 per month and a monthly standard deviation of 8020 units

Avoidance-defusion and confrontation : Describe a conflict situation that requires you to use 1) avoidance, 2) defusion, and 3) confrontation

Explain why a spreadsheet is the best choice for task : List 3 ways that you can use Excel and the features it includes and explain why a spreadsheet is the best choice for this task.

What is optimal order quantity : Skinner’s Fish Market buys fresh Boston bluefish daily for $4.40 per pound and sells it for $5.50 per pound. What is the optimal order quantity?

Course catalogue containing a list of course offerings : course catalogue containing a list of course offerings

User Account

All Pages