Taking current inventory into account

Assignment Help Operation Management
Reference no: EM131371129

Dug is a product of the Digby company. Digby's sales forecast for Dug is 506 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. (They would risk the possibility of excess inventory carrying charges rather than risk lost profits on a stock out.) Taking current inventory into account, what will Dug's Production After Adjustment have to be in order to have a 10% reserve of units available for sale?

Reference no: EM131371129

Questions Cloud

Find a point of the distribution : For a normal random variable with mean 19,500 and standard deviation 400, find a point of the distribution such that the probability that the random variable will exceed this value is 0.02.
Find two values of the normal random variable : Find two values of the normal random variable with mean 88 and standard deviation 5 lying symmetrically on either side of the mean and covering an area of 0.98 between them.
Describe five components and principle of the coso framework : Write a paper on COSO and how it relates to Sarbanes-Oxley and the auditing of public companies in 700 to 1,050 words. Describe the five components and 17 principles of the COSO Framework.
Construct a forecasting model for these data : The following data are monthly existing-home sales, in millions of dwelling units, for January 2006 through June 2007.
Taking current inventory into account : Dug is a product of the Digby company. Digby's sales forecast for Dug is 506 units. Digby wants to have an extra 10% of units on hand above and beyond their forecast in case sales are better than expected. Taking current inventory into account, what ..
If mean 97 and standard deviation 10 then find x2 : If X is a normally distributed random variable with mean 97 and standard deviation 10, find x2 such that P(102 2) = 0.05.
Societal expectation affect corporations-ethical initiatives : How do societal expectations affect corporations and their ethical initiatives? Give an actual real business world example of a company that had to alter a product or service because of society’s concerns about its health, moral, and social impacts. ..
Accessing remote desktop in a networked computer : MN504 Networked Applications Group Assignment. Explore by reviewing the underlying mechanism, middleware, protocols, and flow chart based software interaction processes for accessing remote desktop and resources in a networked computer
Probability that random variable will be above it is 0.25 : If X is a normally distributed random variable with mean -61 and standard deviation 22, find the value such that the probability that the random variable will be above it is 0.25.

Reviews

Write a Review

Operation Management Questions & Answers

  Why are management fundamentals important

In your opinion, what is under management? Please provide an example. Why are management fundamentals important? It can be a challenge to manage people – why? Please provide an example of good time management skills. Please provide an example of poor..

  Maximize total advertising revenue

Estimates of the advertising revenue (in dollars) that can be expected for each of the new programs in the four vacated time slots are as follows. Mr. Botuchis asked you and the assignment of programs to time slots that will maximize total adverti..

  Bakery makes chocolate-covered cherries

A bakery makes chocolate-covered cherries that are world famous. The five step process includes: 1) selecting cherries and boiling them in a sugary sauce, 2) pouring a small amount of chocolate onto wax-paper,

  The zoning system for real property

The zoning system for real property in the United States. Let's suppose for the moment that we want to create a manufacturing plant in a certain area and on a certain piece of property. What kind of things do we need to do to make sure that everythin..

  Structure that organization developed when globalizing

Take a global organization from you experience or research a global organization. Explain the international strategy and structure that organization developed when globalizing. Refer to the strategies and structures that are found within chapter 13 o..

  Food and drug administration

You are consulting with a healthcare organization that has heavy document control needs because all of their documents become legal descriptions of their products, which means that the FDA (Food and Drug Administration) includes them in reviews of yo..

  Compute the standard deviation for the number of days

The number of days that homes stay on the market before they sell in Houston is bell-shaped with a mean equal to 56 days. Further, 95 percent of all homes are on the market between 40 and 72 days.

  Other kinds of financial auditors and overseers

Why is ‘doing the right thing’ often different than “doing the legal thing”? Why might the distinction between what is moral and what is legal be of particular concern to accountants and other kinds of financial auditors and overseers?

  Various parts of the music industry as system and subsystems

Describe the various parts of the music industry as a system and subsystems. (It might be easiest to describe it using the maze that gets a record to market.)

  Healthcare system is experiencing financial problems

Bright Road Healthcare System is experiencing financial problems like insurers with late payments, Medicare patients with high readmission rates within 30 days (lost Medicare reimbursement), high staff turnover increasing costs, and low admissions to..

  Define resource-competency and capabilities

Define resource, competency and capabilities, and explain how they work together to create value. Explain why the value chain is important when we evaluate an organization's effectiveness and efficiency? Write a paragraph to briefly explain how manag..

  About whether complexity is waste

Share your thoughts about whether “complexity” is a waste or not? Explain your logic for your answer. Also explain how can you deal with complexity within and outside your organization and what would be the outcome of dealing with it the way you are ..

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