The fraction of demand met from inventory

Assignment Help Other Subject
Reference no: EM13257090

A company tries to reduce all lead-times by 50 percent. There is a discussion concerning the impact of this change. As an example, an item in stock is considered. Demand is continuous and normally distributed. Inventory control is carried out by a (Q,r) policy with continuous review. The demand per week has mean 200 and standard deviation 50. Demands during different weeks are independent. Currently, the lead-time is four weeks and r=850 and Q = 600. Two questions have been raised.

a. What is the current fill rate (i.e., the fraction of demand met from inventory)?

b. Assume that the lead-time is reduced to two weeks, while r and Q are unchanged. What is the fill rate? Note: Whenever needed, use the following approximation for the fill rate:

Reference no: EM13257090

Questions Cloud

What do each of you understand the term law : Students each of you have an opinion of what the 'law' is or what function the 'law' plays in everyday society. What do each of you understand the term 'law' to be and what do you think the functions of the 'law' are?
Explain what is the empirical formula of a sample : What is the empirical formula of a 0.01510 g sample gives 0.01102 g of H2O and 0.04484 g of CO2 on combustion? b) if you dissolve 1.000 g of the powder in 100.000 g of camphor, you find that the melting point of the solution is 177.05 C. Pure camp..
Financial reporting standard problem : Indicate the Financial Reporting Standard applicable on joint ventures. Summarize the important features of that specific FRS.
Why is there a cost of retained earnings : Equity can be raised in two ways; by retaining some of the current year's earnings and by issuing common stock. Please explain.
The fraction of demand met from inventory : A company tries to reduce all lead-times by 50 percent. There is a discussion concerning the impact of this change. As an example, an item in stock is considered.
Visualize a history using the web-based tool : VISUALIZE A HISTORY using the web-based tool - Choose a historical phenomenon within a roughly 10-year period, e.g., Cuban cinema 1965-75 or American documentary film 1960-1970, or French New Wave cinema 1959-1969, or Marxist film theory 1950-1960..
Written request for a termination statement : Billy Bob repays his debt, incurred to buy consumer goods, to Appliance Finance Bank and immediately files a written request for a termination statement. Appliance Finance
Should governmental regulations be placed on companies : Should governmental regulations be placed on companies' claims that their products are green? Should official classification for environmental friendliness be defined
Find the water temperature after half an hour : When resting, a person has a metabolic rate of about 3.0 105 joules per hour. The person is submerged neck-deep into a tub containing 1.12 103 kg of water at 22.10° C.  find the water temperature after half an hour

Reviews

Write a Review

 

Other Subject Questions & Answers

  What is the alkali-aggregate reaction

What is the alkali-aggregate reaction? List some of the rock types that are vulnerable to attack by alkaline solutions. Discuss the effect of aggregate size on the phenomenon.

  What is health-stress and coping-psychological disorders

What is Health, Stress, and Coping? Psychological Disorders?  Approaches to Treatment and Therapy? Contemporary and Future Issues in Psychology? why are they important? and it relates to your life?

  Reliability-validity-legality of appraisal ratings

Review of suggestions to improve the reliability, validity, and therefore, the legality, and usefulness of appraisal ratings are given.

  How to incorpoarte effective arguments and counter arguments

Develop the full-sentence outline which incorpoartes effective arguments and counter arguments to support thesis. Outline only body of your paper.

  Compare and contrast mass marketing-individual customization

Compare and contrast mass marketing and individual customization. discuss the major variables that are often used to segment customer markets, and review the factors that make market segments useful.

  About biological essentialism-social constructionism

About biological essentialism, social constructionism, and the ways that power and privilege determine rules and definitions of normalcy in the history of race in the United States.

  Describe the major aspects of nutrition labeling regulations

Describe the major aspects of nutrition labeling regulations and List the information that must be displayed on food labels and give the general reasoning for all this regulation.

  Identify what disorders they are designed to help

Therapies have come a long way to help those with neurological, psychological or Neuro-developmental disorders. Provide two cognitive also two pharmacological therapies you believe are most promising also why. Identify what disorders they are desi..

  Destroy industrial civilization - nightmare in green

The Authoritarian Environmental Movement Wants to Destroy Industrial Civilization - threat of an environmental crisis will be the ‘international disaster key' that will unlock the New World Order

  Current policies of media and education institutions

Examine current policies of the media and education institutions and assess their impact on the ideal of meritocracy.

  Recognizing types of prisons

Identify the four types of prisons. Explain the concept of prison as a total institution.

  Comparing the marketing techniques

Compare and contrast marketing techniques among for profit vs. non-profit organizations.

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