Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Floyd Distributors, Inc., provides a variety of auto parts to small local garages. Floyd purchases parts from manufacturers according to the EOQ model and then ships the parts from a regional warehouse direct to its customers. For a particular type of muffler, Floyd's EOQ analysis recommends orders with Q* = 25 to satisfy an annual demand of 200 muf- flers. Floyd's has 250 working days per year, and the lead time averages 15 days.
a. What is the reorder point if Floyd assumes a constant demand rate?
b. Suppose that an analysis of Floyd's muffler demand shows that the lead-time demand follows a normal probability distribution with µ = 12 and σ = 2.5. If Floyd's management can tolerate one stockout per year, what is the revised reorder point?
c. What is the safety stock for part (b)? If Ch = $5/unit/year, what is the extra cost due to the uncertainty of demand?
Identify some of the best practices that leading companies using 3PLs have embraced. What value-added considerations would you take into account when considering the use of a 3PL? Which 3PL would provide the most suitable service to your organization..
A manufacturing shop is designed to operate most effi ciently at an output of 550 units per day. In the past month the plant produced 490 units. What was its capacity utilization rate last month?
Stella can handle about ten customers per hour at her one-person comic book store. The customer arrival rate averages about six customers per hour. Stella is interested in knowing the operating characteristics of her single-channel, single phase queu..
What is the minimum-cost order quantity for the shoes. What are the annual savings of your inventory policy over the policy currently being used
Why is it important for national health information management organizations to agree on how to standardize paper and electronic medical forms?
Explain why the four steps involved in the controlling function are important. Why is a good understanding of the various ratios used by accountants and managers important to the controlling function? Give specific examples. Respond substantively ..
To determine the feasible region associated with less than or equal to constraints or greater than or equal to constraints
What's the differences and similarites between Toyota and GM in operation management?
Illustrate what information could AutoNation collect from its Web site that would help it find out which makes also models of cars are of most interest to potential buyers.
Value management (VM) is the application of value methodologies with the purpose of improving organizational effectiveness. Value management is made up of five subprocesses
Last summer, he tried a new fertilizer that promised a 50% increase in yield. He harvested 1900 pounds. Did the fertilizer live up to its promise?
What is the difference between significance and meaningfulness? Which one is more important to experimental results and why do you think so?
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!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd