Keurig beverage brewing system is normally distributed

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Reference no: EM132252259

1. Assume that the daily demand, at one of the retailer, for Keurig beverage brewing system is normally distributed and that the average daily demand is 20 machine with a standard deviation of 3 machine per day. The lead time for receiving a new order of a Keurig system constant at 9 days. Determine the safety stock if the retailer wants a stock-out risk equal to 6%.

2. Aldo shipped 10 refrigerators to Rafael pursuant to a sales contractunder which title to the goods and risk of loss would pass to Rafael upon delivery to FleetRailroad. The agreed price was $5,000. When the refrigerators were delivered to Rafael, hefound they were damaged. An estimate for repairing them showed it would cost up to $1,000,and an expert opinion was to the effect that they were defective when shipped. Rafael put in aclaim to Aldo, which Aldo rejected. Rafael then wrote to Aldo, “I don’t like to get into adispute of this nature. I am enclosing my check for $4,000 in full payment of the shipment.”Aldo did not reply, but he cashed the check and then sued Rafael for the $1,000 balance. Mayhe recover? Explain.

In the previous problem, assume that there was no damage to the refrigerators and no dispute, but that Rafael did not pay. One month after payment was due,Rafael wrote to Aldo, “I’ll pay you $4,000 if you will accept it in full payment.” Aldo wroteback, “Since I have despaired of getting any more out of you, I’ll take the $4,000 in fullpayment.” Rafael paid the $4,000 and later, Aldo sued Rafael for the $1,000 balance. May herecover? Explain.

Reference no: EM132252259

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