Lead time is normally distributed with an average

Assignment Help Operation Management
Reference no: EM13956704

Gainsville Cigar stocks Cuban cigars that have variable times because of the difficulty in importing the product: Lead time is normally distributed with an average of 5 weeks and a standard deviation of 1 week. Demand is also variable and normally distributed with a mean of 250 cigars a week and a standard deviation of 26 cigars. Refer to the standard normal table for z-values. a.) For a 95% service level, what is the ROP? b.) For a 96% service level, what is the ROP?

Reference no: EM13956704

Questions Cloud

Assuming that firms costs for employee benefits : Assuming that a firm's costs for employee benefits are 38 percent of payroll, why doesn't the firm just let the union determine the manner in which the amounts are apportioned to various benefits such as insurance , holidays, and vacations without ne..
Prefer centralized bargaining : What are some situations in which management or the union would prefer centralized bargaining? In what situation might both prefer centralized bargaining? Discussion should take into account specific legal considerations affecting centralized bargain..
Where tr(a) is the trace of a : For A, B ∈ Mn(F) and s ∈ F, show that: i) tr(A + B) = tr(A) + tr(B); ii) tr(sA) = s⋅tr(A); and iii) tr(AB) = tr(BA), where tr(A) is the trace of A.
Differences between reactive-planning inventory logistics : Analyze the differences between reactive and planning inventory logistics by explaining the major advantages and implications of each strategy.
Lead time is normally distributed with an average : Gainsville Cigar stocks Cuban cigars that have variable times because of the difficulty in importing the product: Lead time is normally distributed with an average of 5 weeks and a standard deviation of 1 week. Demand is also variable and normally di..
Describe the relative costs of each strategy you present : The federal government uses many techniques to ensure that multiple high officials are not exposed to the same vulnerabilities at the same time. For example, the president and the vice-president would be taken to separate safe areas in the event of a..
EOQ value increase or decrease and by what percentage : In the basic EOQ model, if the cost of placing an order doubles (ordering cost), and all other values remain constant, will the EOQ value increase or decrease and by what percentage?
Beginning inventory-stockout costs : Hill is now considering plan C. Beginning inventory, stockout costs, and holding costs are provided in Problem 13.3: a) Plan C: Keep a stable workforce by maintaining a constant production rate equal to the average requirements and allow varying inve..
Statements does not describe socialism : Which of the following statements does not describe socialism?

Reviews

Write a Review

Operation Management Questions & Answers

  What role does each function play in network design

Within the organization, what groups, or functions (such as operations, sales, and marketing), are involved in a network design project ?

  What are four policies used to address this issue

What are four policies used to address this issue? How would you implement these four policies in your business strategy?

  How is forecasting in the context of a supply chain

How is forecasting in the context of a supply chain different from forecasting for just a single organization? List possible supply chain benefits and discuss potential difficulties in doing supply chain forecasting.

  The successful implementation of a training program

Discuss the role that technology, computer based training, webinars, etc, play in determining the cost effectiveness of training programs. Explain the steps or guidelines which can be utilized to help guide the successful implementation of a traini..

  Does subliminal advertising work

Does subliminal advertising work? Support your view. Assuming that some forms of subliminal persuasion can influence consumers; do you think the use of these techniques is ethical? Explain your answer.

  Evaluate key elements of the production or service

Evaluate key elements of the selected production or service organization's operational efficiency with its operational strategy. Determine three tasks that do not align with the operational strategy. Determine the weaknesses that are evident in ea..

  Explain codification and personalization

Briefly explain codification and personalization as they relate to knowledge management. How does the sort of knowledge management strategy a company has relate to its' business strategy? How should one pick a knowledge management strategy?

  Research zappos-what makes zappos successful

Describe the organization & it's history. What makes Zappos successful? What is unique about the way the company is led? What type of management style does the CEO Tony Hsieh use? What organizational beliefs and values does Hsieh hold important?

  Construct a confidence interval for average month cost

The Stereo Warehouse in Georgetown sells stereo sets, which it orders from Fuji Electronics in Japan. Because of shipping and handling costs, each order must be for five stereos. Compute and display the average, minimum, and maximum monthly cost. Con..

  Why knowledge of accounting necessary to succeed in business

Why is some knowledge of accounting necessary to succeed in business? Name some of the major stock exchanges where securities are traded. Describe the characteristics of each.

  Determine the range of demand probabilities

What is the decision to be made, what is the chance event and what is the consequence for this problem? How many outcomes are there for the chance event?

  Describe the core values of the organization

Describe the core values of the organization. Why are these specific values important to the organization. Describe the benefits and purpose for an organizational vision statement.

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