User Account

All Pages

Determine the target inventory level

Assignment Help Operation Management
Reference no: EM131041117

1. The daily demand for 52" plasma TV's at Sarah's Discount Store is normally distributed, with an average of 5 and a standard deviation of 2 units. The lead time for a shipment of TV's is 10 days and is fairly constant. Determine the reorder point (ROP) and safety stock (SS) for a 95% service level.

2. A hospital orders rolls of gauze bandages using a fixed interval system. The bandages have a mean usage of 9 rolls and a standard deviation of 4 rolls. The lead time is 2 days and the desired risk of stockout is 1%. Assume a 12 review period. Determine the target inventory level (TIL) and safety stock (SS).

3. Oxygen is delivered to General Hospital every Thursday. The quantity delivered is based on an order called in by the hospital on Monday, 3 days before. The average daily usage of oxygen is 6 tanks with a standard deviation of 1.2 tanks. Determine the target inventory level (TIL) if the hospital wishes to take no more than a 2% chance of running out of oxygen between orders.

Reference no: EM131041117

Questions Cloud

Commission on this potential sale : Missouri Boot Corporation has been asked to submit a bid on supplying 1,000 pairs of military combat boots to the Armed Forces Training Center. The company's cost per pair of boots are as follows:
Compute the current weighted average cost of capital : Calculate the project's initial, (time 0) cash flows, taking into account all side effects - Compute the current weighted average cost of capital (WACC) of DEI. Show all workings and state clearly the assumptions underlying your computations.
Where will the label end up when the cycle reaches isocitrat : Show schemes of the reactions to justify your response, and carefully consider the stereochemistry in this problem.
Discuss the various types of radiation : Discuss the various types of radiation that a safety professional might encounter and some methods for protecting oneself against it. Your response should be at least 200 words in length.
Determine the target inventory level : Determine the target inventory level (TIL) if the hospital wishes to take no more than a 2% chance of running out of oxygen between orders.
Stabilization policies to fight unemployment : Explain why their contrasting views on the shape of the aggregate supply curve lead some economists to argue much more strongly for stabilization policies to fight unemployment and other economists to argue much more strongly for stabilization pol..
Uses of qualitative-time series and casual forecasts : A. Describe the uses of qualitative, time series, and casual forecasts B. What type of time series components would you expect for the following products and services? Provide your rationale along with your selection.
Write the first paragraph for a panel discussion : For your classmate’s critique, write the first paragraph for a panel discussion in which you introduce the keynote speaker. Your objective is to gain and keep your class members’ attention. Describe three visual aids that would enhance a speech a top..
Expected percent defective for start-up : After setup in the job shop, the first items made are likely to be defectives. If the order size calls for 225 units, and the expected percent defective for start-up is 9 percent, how many units should be made? Identify the closest answer

Reviews

Write a Review

Operation Management Questions & Answers

  Performed in cost effective and timely fashion are engaged

Customers currently link cisco's website to configure, price, and order its networking equipment. Cisco then sends orders back and across the Internet to producers and assemblers including Celestica, Flextronics, and Solectron. Products are built and..

  Arbitration–case study

The City of Eugene, Oregon has a collective bargaining agreement in place with the International Association of Fire Fighters (IAFF), representing the terms and conditions of the work relationship between the city and its’ firefighting employees. Dec..

  Discuss business level strategies

Analyze the five business-level strategies discussed in Chapter 4 to determine which strategy the company you researched most likely applies.

  Employee dissatisfaction and lower performance

What aspects of Google's culture can Contribute to: 1) employee dissatisfaction and lower performance. 2) poor business performance and loss of competitive advantage.

  What would be the challenges and barriers to implementation

Choose two moons shots which you feel are most significant in changing the future of management and leadership in organizations. Discuss why these two are important to you and how you can apply these in your organization. What would the impact be in ..

  Which had greatest utilization rate

During a three day period, 109 healthy babies were born. 60 babies were born in separate labour also delivery rooms, 45 were born in combined labour also delivery rooms, also only 4 babies required a labour room also complicated delivery room. Whi..

  Describe competitive advantages of concurrent engineering

Describe at least 3 competitive advantages of concurrent engineering? What factors enter into the choice of a value for the smoothing constant in exponential smoothing?

  Primary function of a project plan

Discuss the primary function of a project plan. List and describe the nine (9) categories of information needed in a project master plan.

  What order quantity is optimal if the intent is to minimize

Ordering cost is $ 40 and annual holding cost is 25 percent of unit price per unit. Which supplier should be used and what order quantity is optimal if the intent is to minimize total annual costs?

  Project plan includes the critical path

Project plan includes the Critical Path, calculate FF (Free Float) and TF (Total Float) for each activity, milestones, and appropriate resources for each task.

  What opportunities for skills transfer

Sara Lee Corporation 2011 What value-chain match-ups do you see? What opportunities for skills transfer, cost sharing, or brand sharing do you see?

  When is a team effective

When is a team effective?

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd