What is the probability of demand exceeding reorder point

Assignment Help Operation Management

Reference no: EM133395954

Assignment:

The demand for three-inch lag bolts during the 2-week lead time is normally distributed with an average of 53 units per week. The standard deviation of weekly demand is 5 units.

a) What is the probability of demand exceeding the reorder point of 130 bolts?

b) What is the probability of demand exceeding the reorder point of 130 bolts if it takes 3 weeks to receive a replenishment order and other parameters remain unchanged?

Reference no: EM133395954

Questions Cloud

Is property tax always fixed cost? what about excise tax : What's the difference between an excise tax and a property tax and is property tax always fixed cost? what about excise tax

Explain why supply is so inelastic : Demographic shifts caused an increase in demand for houses - The price of lumber has increased

How did practitioners solve the problem of not enough black : How did practitioners solve the problem of not enough black women in leadership positions in the health care industry? Please provide practitioner references

Which may have an impact on consumer demand : which may have an impact on consumer demand) and both offered delivery, why would a customer prefer one firm over the other? Think in terms of preferences

What is the probability of demand exceeding reorder point : What is the probability of demand exceeding the reorder point of 130 bolts if it takes 3 weeks to receive a replenishment order.

Restore the economy that is in a recession : which approach you are defending): 1. Restore the economy that is in a recession. 2. Identify the challenges that may be encountered in the approach

Discuss about the food-wine and meal experiences : Write a short essay about your present visit at the restaurants and discuss about the food, wine, and meal experiences?

Draw an indifference curve diagram describing this consumer : Draw an indifference curve diagram describing this consumer's preferences. Put Wine on the x-axis. IC1: The indifference curve containing the consumption

Describe at least two types of equity and two types of debt : Describe at least two types of equity and two types of debt funding that might be best for a small business looking for financing. Be sure to give a clear

User Account

All Pages