Daily demand for product-how many units should be ordered

Assignment Help Operation Management
Reference no: EM13968158

The daily demand for a product is 17 units with a standard deviation of 2.6 units. The review period is 30 days with a lead time of 14 days. Management has a set policy of satisfying 95% of demand from items in stock. At the beginning of the review period, there are 120 units in inventory. How many units should be ordered?

Reference no: EM13968158

Reviews

Write a Review

 

Operation Management Questions & Answers

  Internet for possible options for ice breakers

Search the Internet for possible options for ice breakers, coaching, and other team-building tools. Describe two activities you will use for team building, and answer the following questions:

  Who are classified as protected group employees

Write a two to three page paper responding to the following questions regarding protected group employees: Who are classified as protected group employees? In what ways must these employees be treated differently than non-protected group employees?

  Hypothesize the risk and expected return for investors

You are the proud owner of Wiley Brothers Traveling Circus. It was left to you in your dear Uncle Fred's will. One Ferris wheel, one large big top tent, assorted animals, 27 circus people, and the vans and trucks needed for transportation. It's be..

  The strategic-management process is conceptually the same

The strategic-management process is conceptually the same for multinational firms as for purely domestic firms, although the process is more complex for international firms due to more variables and relationships.

  Working on a physical board game

We are doing a project and working on a physical board game for CPA test takers. And the Opportunities we found are: 1> Targeted game for CPA prep Individualized Learning;2> Create an application version;3> Make game exciting to change students perce..

  Sample size to how we draw sample elements from the census

Sometimes a company may have the information needed to make a decision and,therefore, there is no need to conduct marketing research. Clients often know the cause of their business problems but rarely know the symptoms. Research objectives should be ..

  Evaluation of profit margin

Evaluation Of Profit Margin, Costs And Revenue For A New Product

  What quantitative and qualitative methods organization use

Are the projects within your organization being managed from a strategic perspective. Why or why not. What quantitative and qualitative methods does your organization use for project selection

  Identify inefficiencies in the way that human resources

Identify inefficiencies in the way that human resources are utilized in a business at which you have worked in the past or with which you are familiar. Describe ways in which the inefficiencies that you have identified could be reduced or eliminate..

  Explain the theories of adult learning principles

Explain the theories of adult learning principles. Compare the differences between child/adolescent and adult learning models (pedagogy and andragogy).

  How is productivity defined

Productivity should be a concern of every business organization. a. How is productivity defined? b. How are productivity measures used? c. What part of the organization has primary responsibility for productivity?

  Discuss the significance of waiting line costs

Discuss the significance of waiting line costs. Here, ensure to address the importance of satisfied customers, arrival points, and service characteristics.

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