The plastic bottles demand pattern from question

Assignment Help Management Theories

Reference no: EM131125270

Consider the plastic bottles demand pattern from question 1. Suppose I plan to instead set up a periodic reviewinventory system, and I will order this item every 7 days. There is still a 2 day lead time.

Info from problem #1 Consider the following inventory management scenario: Our bottling plant uses approximately 1000 plastic bottles per day (normally distributed), while daily usage has a standard deviation of 70. Order lead time is 2 days (constant).

a. What is the average demand during lead time for this item? 2000

b. What is the standard deviation of demand during lead time for this item ?99

c. If I use an order point system, what reorder point (ROP) would result in 100 units of safety stock? 2,100

d. What is the predicted service level using that ROP value?100%

e. What ROP value is needed to provide 99% predicted service level? How much safety stock is associated with this policy?Rop 2,233 SS 233

1. The "order up to" level T must cover what protection interval ?

2. What is the average demand during the protection interval?

3. What is the standard deviation of demand during the protection interval?

4. Using this periodic review system, what order up to level (T) would result in 100 units of safety stock?

5. What is the predicted service level under this safety stock value?

6. What order up to level is needed to provide 99% predicted service level? How much safety stock is associated with this policy.

Reference no: EM131125270

Questions Cloud

Write a main() program to exercise this class : Assume the name has no embedded blanks. Write a main() program to exercise this class. It should create an array of type employee, and then invite the user to input data for up to 100 employees. Finally, it should print out the data for all the em..

Pk of an acid is numerically equal to the ph of the solution : What indicates that the pK of an acid is numerically equal to the pH of the solution when the molar concentration of the acid and its conjugate base are equal?

What is the amount of inventory to be reported : What is the amount of inventory to be reported on the financial statements?

The plastic bottles demand pattern from question : Consider the plastic bottles demand pattern from question 1. Suppose I plan to instead set up a periodic reviewinventory system, and I will order this item every 7 days. There is still a 2 day lead time.

Compute the tension in each cable : A uniform steel ring 600 mm in diameter has a mass of 50 kg and is lifted by the three cables, each 500 mm long, attached at points A, B, and C as shown. Compute the tension in each cable

Explain the differences between sexuality and gender : Explain the differences between sexuality and gender according to Balswick and Balswick

What is the most significant obstacle you might encounter : What characteristics describe innovative organizations? If you were attempting to transform an average organization into an innovative organization, what is the most significant obstacle you might encounter?

Stem-and-leaf chart reports the number of movies : The following stem-and-leaf chart reports the number of movies rented per day at Video Connection on the corner of Fourth and Main Streets.

User Account

All Pages