Finding the average inventory

Assignment Help Operation Management
Reference no: EM13103847

Unimed is a manufacturer of specialty medical equipment. For one particular varety of equipment offered:Average daily demand is 25 units, with a standard deviation of 6 units. Replenishment lead time is 15 days, with a standard deviation of 4 days. If the typical order quantity for Unimeds equipment is 80 units, find the average inventory with safety stock at 3 standard deviations under demand and replenishment cycle uncertainty:
A. 389 Units
B. 284 Units
C. 349 Units
D. 244

Reference no: EM13103847

Questions Cloud

Estimation of annual inventory carrying cost : Excelsior's proiducts average inventory is valued at $500,000. Inventory is ordered 52 times per yearat a reordering cost of $700/per order. THe cost of carrying inventory is 20%.
Ignore friction and the mass of the ropes : A heavy crate is attached to the wall by a light rope. Another rope hangs off the opposite edge of the box. If you slowly increase the force on the free rope by pulling on it in a horizontal direction, which rope will break? Ignore friction and th..
Time-spent using e-mail per session : Time spent using e-mail per session is normally distributed, with μ = 8 minutes, and σ = 2 minutes. If you select a random sample of 25 sessions,
Probability animal : The animal colony in the reseach department contains 20 male rats and 30 female rats. Of the 20 males, 15 are white and 5 spotted. Of the 30 females, 15 are white, and 15 are spotted.
Finding the average inventory : Unimed is a manufacturer of specialty medical equipment. For one particular varety of equipment offered:Average daily demand is 25 units, with a standard deviation of 6 units.
Find the maximum height reached by the ball : You throw a ball vertically upward from the edge of the roof of the Bisdorf building with a speed 15.0 m/s. Find a) the position and velocity of the ball 1.00 s after leaving your hand.
Department revenues at budgeted levels : The university police department must write, on average, five tickets per day to keep department revenues at budgeted levels. Suppose the number of tickets written per day follows Poisson distribution with a mean of 9 tickets per day.
How wide is the slit : Light from a laser beam with a wavelength of 600 nm passes through a narrow single slit and observed on a screen 1.5 m behind the slit. The first minimum of the diffraction pattern is 1.5 cm from the central maximum. How wide is the slit?
Probability of cards : Take a deck of cards. A deeck has 52 cards with two major colors(Red and Black), with 26 cards each. Red colors comes in two shapes(heart and diamond)

Reviews

Write a Review

Operation Management Questions & Answers

  Given that the profit per chair and of the desk

A furniture company manufacture desk and chairs. . Given that the profit per chair is $50 and that of the desk is $100, determine the optimal production mix for the company.

  Software project management is impacting other areas

Software Project Management is impacting other areas such as engineering, construction, information technology, pharmaceuticals, marketing, and operations management

  The economies are operated through centralized bureaucracies

The economies of countries such as Russia and China have historically been operated through centralized bureaucracies

  What programs does gmc company have for the less

What programs does GMC Company have for the less advantage and children? What grade would you give this program and why?

  Compute the monthly salary payoff table

Jim has been employed at Gold Key Realty at a salary of $2,000 per month during the past year. Because Jim is considered to be a top salesman, the manager of Gold Key is offering him one of three salary plans for the next year.

  Explain why given the advantages of international

Explain why, given the advantages of international diversification, some firms choose not to expand internationally.

  What are the six challenges facing managers in the workplace

What are the six challenges facing managers in the workplace today? Each student is expected to discuss one of the major challenges

  Illustrate what is largest standard deviation in grams

illustrate what is largest standard deviation in grams that machine that fills bar molds can have and still be considered capable if average fill is average fill is 340 grams.

  Analyze the ways in which managers could use the federal

Analyze the ways in which managers could use the Federal Register to determine the single most significant challenge associated with its use, and how managers could address that challenge. Provide specific examples to support your response

  The local convenience store makes personal pan pizzas

The local convenience store makes personal pan pizzas. Currently, their process makes complete pizzas, fully cooked, for the customer. This process has a fixed cost of $20,000,

  Discuss the techniques these companies are applying

Research several issues of business magazines such as Fortune, Business Week, Fast Organization, etc. also find examples of two companies that are using approaches to busting bureaucracy. Discuss the techniques these companies are applying.

  Compute the total production also daily production

The opening inventory is 100 units; an increase to 130 units is expected by the end of the plan. The demands for each month is given in illustrate what follows. Compute the total production, daily production also production also ending inventory f..

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