User Account

All Pages

Find the reorder point

Assignment Help Operation Management
Reference no: EM13104489

The annual demand for a product is 14,200 units. The weekly demand is 273 units with a standard deviation of 95 units. The cost to place an order is $32.00, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit.

a.
Find the reorder point necessary to provide a 95 percent service probability. (Round your answer to the nearest whole number.)

b.
Suppose the production manager is asked to reduce the safety stock of this item by 45 percent. If she does so, what will the new service probability be? (Round your answer to 3 decimal places.)

 

Reference no: EM13104489

Questions Cloud

Confidence interval-problem and solution : For a sample of 36 students in a class the mean score in Mathematics is 72 with a standard deviation of 7. Find the 95% confidence interval for the mean score.
How fast is the electron moving : An electron is released from rest at the negative plate of a parallel plate capacitor. The charge per unit area on each plate is ? = 1.81 10-7 C/m2, and the plates are separated by a distance of 1.38 10-2 m. How fast is the electron moving just be..
Compute optimal production quantity for the card : Wholemark is an Internet order business that sells one popular New Year greeting card once a year. The cost of the paper on which the card is printed is $0.95 per card, and the cost of printing is $0.40 per card.
Constucting the confidence interval for mean : The following data values are a simple random sample from a population that's normally distributed with (symbol for variance) o2=4.0:
Find the reorder point : The annual demand for a product is 14,200 units. The weekly demand is 273 units with a standard deviation of 95 units. The cost to place an order is $32.00, and the time from ordering to receipt is four weeks.
Explain the communication issues : Drawing on hall's high and low context, describe some of the communication issues that might well arise when an arab company officer who hasvspent his career in the middle east is sent on temporary assignment.
Sample size-confidence intervals in statistical analysis : If a random sample of 10 people found that 9 were pro-life (i.e., 90%), while another random sample of 1000 people from the same population found that 550 were pro-life (i.e. 55%), which would you find to be more significant? Why?
Identifying five differential costs : You are a management analyst for XYZ aircraft manufacturing company. Your company is considering either to purchase or lease manufacturing equipment.
Define how much time passes before the ice starts to melt : An open container holds ice of mass 0.530 kg at a temperature of -15.7 Celsius . The mass of the container can be ignored. Heat is supplied to the container at the constant rate of 810J/minute.

Reviews

Write a Review

Operation Management Questions & Answers

  Businesses are advised to price products

Businesses are advised to price products according to the value the products provide the customer. but rarely do business customers come right out and tell a selling firm

  Estimate the time it takes you to perform which operation

Now measure the time it takes while working at a standard pace. Is your estimate within plus or minus 20 percent of the estimated time.

  Explain the cultural differences and what you would need

Explain the cultural differences and what you would need to adapt to and why in order to connect with the Egyptian market. Discuss how you would adapt these branding ad photos to the Egyptian market.

  American companies do more good by refusing to cooperte

Would American companies do more good by refusing to cooperte with Chinese authorities and risk not being able to do business in china

  Classify the waiting system in which the platform trucks

Due to the space restrictions, loading equipment design also other reasons, the loading itself needs an average of 12 minutes.Classify the waiting system in which the platform trucks are servers.

  Discuss some possible clues that might tip off a manager

Discuss some possible clues that might tip off a manager that an employee may be initiating IP theft

  Question on operations management

Find a business or organization, preferably one where you are working used to work, or know an employee or owner. (You can use anything such as retail or finance departments)

  Starting in year one and continuing forever

What is the CW, when i=10% per year, of $1500 per year, starting in year one and continuing forever: and $10,000 in year five, repeating every four years thereafter

  Based on what you discovered in the e-activity

Based on what you discovered in the e-Activity, develop a strategy that any manager could use to boost sales from customers using this Website.

  Determine how often the newspaper should bill its customers

It costs the company $200,000 to bill all its customers. Assume that the company can earn interest at a rate of 20% per year on all revenues. Determine how often the newspaper should bill its customers.

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Justify how you would generate change

Justify how you would generate change and articulate a vision of change within a particular organization of your choosing. Conceive a rationale for the beginning of a change initiative for this company.

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