Standard deviation of daily demand

Assignment Help Operation Management
Reference no: EM13954048

For the following scenario, find the order point (R) needed to provide 95% service level:

Average daily demand = 27 units. Standard deviation of daily demand = 5.4 units. Lead time = 3 days (constant).

Be sure to display any important intermediate calculations necessary to find your answer.

Reference no: EM13954048

Previous Q& A

  Monthly demand for an inventory item currently averages

Monthly demand for an inventory item currently averages 170 units. The annual carrying cost is $10 per unit. Ordering cost is $70 per order. This information applies to all of the questions on this page.

  Effect this will have on average inventory levels

Explain what should happen to the order quantity in an order point (Q,R) system, and the time between orders in a periodic review (P,T) system, as the fixed cost per order (S) increases relative to other cost parameters. Explain the effect this will ..

  What impact would policy have on level of cycle inventory

For a repetitive ordering situation (with reorder points), describe the inventory control policy that would prevent shortages while carrying minimal inventory, if fixed ordering costs (S) and quantity discounts were negligible and thus not important ..

  Conduct an appropriate quantitative analysis

You are an independent consultant, hired by the Vice President of Construction, American International Automotive Industries (AIAI). Review Case Problem S7-1. Conduct an appropriate quantitative analysis and provide the vice president with a decision..

  Complete the resource activity schedule

Complete the network diagram by conducting a forward and backward pass through the network. Compute the early/late start time, early/late finish time, and slack time for each activity. What is the project duration? What is the critical path of this n..

  Advertising-public relations and sales promotion

As the promotional manager for a new line of cosmetics targeted to preteen girls, you have been assigned the task of deciding which promotional mix elements—advertising, public relations, sales promotion, and personal selling—should be used in promot..

  What percentage of surveyed found nothing they disliked

A recent Gallup poll of 519 adults who flew in the past year (published in The Economist, June 16, 2007, p. 6) found the following their number 1 complaints about flying: cramped seats (45), cost (16), dislike or fear of flying (57), security measure..

  Deducted from the before-tax operating advantage

The Majestic Corporation has an Opportunity to replace a machine with a new $10,000 unit that is expected to last for 10 years (no salvage) and save the firm $4,000 per year in labor and material costs. Depreciation is an expense that should be deduc..

  Created proprietary standards for cellular communications

Hanjuan Jin, a citizen of the People's Republic of China, began working at Motorola in 1998. He worked as a software engineer in a division that created proprietary standards for cellular communications.  Are there any circumstances under which Jin c..

  Supply management-production planning and control

Describe the links between supply management, production planning and control, and logistics in a supply chain management environment.


Write a Review


Similar Q& A

  What is the economic payback in years for this scenerio

In addition new supply chain and hardware related software is priced at $ 480,000 which includes substantial employee training and debugging. What is the economic payback in years for this scenerio?

  Which function do you believe managers use most often

Describe that experience to your classmates using research support from the text or another viable source (you may not use Wikipedia). Which function do you believe managers use most often. What could have made the leadership function a better exper..

  Responsibilities healthcare manager applies to fraud-abuse

Describe your responsibilities as a healthcare manager as it applies to fraud and abuse. What if you were a unit manager? Department manager? A member of the executive team?

  Easier to apply the rules of english by free writing

When you tackle a serious writing project, do you find it easier to apply the rules of English by free writing, then revising; or by methodically applying the rules of English while you write each sentence and paragraph?

  Create graphical representation of supply chain

Create a graphical representation of a supply chain for a construction company building houses.

  Determine the order quantity and reorder point

Item Cost - $7.00 Order Cost - $283.00 Annual Hold - 32% of item cost Annual Demand - 22,100 Average Demand - 442 per week Standard deviation of weekly demand 20 per week lead time - 1.

  From the e-activity

From the e-Activity, evaluate the validity of the suggested best practices in terms of HR’s role in supporting expatriates returning home. Recommend one (1) other action that HR can take in order to support the expatriates in question.

  Production and operations management hellogood morning i

hello ltbrgtgood morning ltbrgti have attached assignment quotcase studyquot in production and operations management

  Company recently issued two types of bonds

Gregg Company recently issued two types of bonds. The first issue consisted of 20-year straight debt with an 8% coupon paid annually

  Explain the organizational archetypes

Write a 3+ page, double-spaced essay: Explain the organizational archetypes as described by Mintzberg and discuss how organizational structure influences innovation.

  Producing computer chips with an average life

Thunder Bay has been producing computer chips with an average life of 480 hours and a standard deviation (s) of 24 hours. Thunder Bay has the opportunity to obtain a large order from XYZ Computers if it can produce the computer chips with specificati..

  Define teco is implementing sustainable development

Examine the most important ways in which Progreess Energy or TECO is implementing sustainable development. Evaluate the extent to which the sustainable development program contributes to profitability for the company in question

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