Consider periodic review system

Assignment Help Operation Management

Reference no: EM131115741

Consider a periodic review system. The demand is on average 250 units per day, and the standard deviation of demand per day is 35 units. Lead time is 6 days. Orders are placed every 10 days. The firm strives to provide an 80% CSL. (Keep 3 decimals for the standard deviation, but round and to the nearest whole number.)

How many units of safety stock should be ?

What should be the order-up-to level?

Suppose that it is time to review the item. There are 0 units in inventory. An order for 1400 units is on the way, and there is an outstanding backorder for 120 units. How many units should be ordered?

Reference no: EM131115741

Questions Cloud

Complete the payroll sheet and make the necessary entry : Payroll Tax Entries Below is a payroll sheet for Otis Import Company for the month of September2010. The company is allowed a 1% unemployment compensation rate by the state; the federal unemployment tax rate is 0.8% and the maximum for both is $7,000..

How many units should the company produce : Consider the same company selling winter ski sleds as in your notes book. Demand follows a normal distribution with a mean of 100,000 units and a standard deviation of 15,000 units. To get rid of the leftover inventory faster and vacate the warehouse..

What is the probability that more are occupied in september : Cruise ships of the Royal Viking line report that 80 percent of their rooms are occupied during September. For a cruise ship having 800 rooms, what is the probability that 665 or more are occupied in September?

Choose between four possible projects : Your company has to choose between four possible projects. Project A (six months) will have an IRR of 6%. Project B (eight months) will have an IRR of 10%. Project C (six months) will have an IRR of 11%.

Consider periodic review system : Consider a periodic review system. The demand is on average 250 units per day, and the standard deviation of demand per day is 35 units. Lead time is 6 days. Orders are placed every 10 days. The firm strives to provide an 80% CSL. How many units of s..

What would journal entry to adjust abc machinery : ABC Inc. applies the revaluation model to account for its Machinery and Equipment. What would journal entry to adjust ABC's Machinery and Equipment to fair value

Create illustration of structure of u.s. health care system : Create an illustration of the structure of the U.S. health care system and its components. These components should include: Four primary functions and Types of services.

Determine if the data come from a poisson distribution : Use a chi-square goodness-of-fit test to determine if the data come from a Poisson distribution with mean of 8. Test using a significance level of 0.01.

What number was it typing : A typewrite can type 100 digits in a minute. What number was it typing when it has worked for 30 minutes starting from natural numbers?

User Account

All Pages