Illustrate probability of a stock out during lead time

Assignment Help Operation Management
Reference no: EM1375909

Q. The injection moulding department of an organization uses 40 pounds of a powder a day. Inventory is reordered when the amount on hand is 240 pounds. Lead time averages five days. It is normally distributed also has a criterion deviation of 2 days. Illustrate what is the probability of a stock out during lead time?

Elucidate how to compute the probability in this problem, can you help me?

 

Reference no: EM1375909

Questions Cloud

Describe how arbitration works : Elucidate also describe how arbitration works also elucidate how it may benefit or hinder either side. Illustrate what current event can you reference where arbitration has settled the dispute
Mechanism of an english auction and second price auction : Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
Illustrate what percentage of parts will not meet the weight : Illustrate what percentage of parts will not meet the weight specifications. Within illustrate what values will 95.44 percent pf sample means of the process fall, if samples of n=16 are taken also the process is in control.
Define the characteristics of pay structure : Define the characteristics of pay structure. Define, in your own words, a pay policy line and how it is determined
Illustrate probability of a stock out during lead time : It is normally distributed also has a criterion deviation of 2 days. Illustrate what is the probability of a stock out during lead time.
Select a retailer that presently has a poor retail image : Select a retailer that presently has a poor retail image. Suggest the exact dynamics of creating and maintaining a retail image that would escalation the retailer's image and define why you believe your suggestion would work for that retailer.
Why might suppliers be hesitant about jit purchasing : Elucidate how do they tend to differ from the more adversarial relation of the past. Why might suppliers be hesitant about JIT purchasing.
Examine the five steps involved in developing a retail price : Examine the five steps involved in developing a retail price strategy. Select the step you trust to be critical to the success of the retailer and explain why.
Identify the gender ratio of men also women in any sector : Identify the gender ratio or differences in the managing style of men also women in any sector/organization (Dubai specific) or gender gap in the UAE specific companies also its impact.

Reviews

Write a Review

Operation Management Questions & Answers

  Illustrate what type of team would work best

Illustrate what type of team would work best in this situation. Support your answer with concepts from text that applies to this proposed venture.

  What is the percentage change in the productivity from april

In April the store also had seven part-time workers at 10 hours per week and in May the store had nine part-timers at 15 hours per week. Using sales dollars as the measure output, illustrate what is the percentage change in the productivity from A..

  Describing action research

If you were a part of an Action Research dissertation with your peer and Without your knowledge which you were being observed as the participant in a study.

  Strategy of sherman anti-trust act

The strategy of the Sherman Anti-Trust Act and other U.S. antimonopoly legislation is to ensure that each company has meaningful competitors in every product market in which it participates.

  Illustrate what is the proposed project review and approval

Illustrate what is the proposed project review and approval process at your organization including evaluation and selection criteria and is it effective.

  Two variables and two constraints

Develop your own original Linear Programming problem with the minimum of two variables and two constraints.

  Describe how many agents should global staff

Since the deregulation of the airline industry, fierce competition has forced Global Airlines to re-examine their operations for efficiency also economy. Describe how many agents should Global staff.

  Explain how well did these techniques work short term

From your own experiences, illustrate what process improvement or (re)engineering techniques have you observed. Explain how well did these techniques work short term and long term for the enterprise.

  Explain how much will the layout improvement be worth

She estimates that the new layout will cut the amount of walking for the average employee by 100 miles per year. Explain how much will the layout improvement be worth.

  Illustrate what would be the length of an order cycle

Orders arrive three days from the time they are placed. Daily holding prices are equal to five percent of the price of the beer. If he were to order 16 cases of Stein beer at a time, illustrate what would be the length of an order cycle.

  Elements of administrative law

Determine which elements of administrative law will be most relevant to the upcoming initiative (s) and what the impact of those laws will be.

  What likely to give him greater benefit

A company is operating in 2 unrelated businesses. The first one is making common salt, which is sold in one-kilogram consumer packs.

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