What is the resulting in stock probability

Assignment Help Operation Management

Reference no: EM132137931

A large toy company Müttel currently allows toy retailers to place orders with delivery in 2 weeks. The Gigantic Pocket Monster (Gipokmon) is a new toy that Müttel has introduced. Demand per week for the toy at one of their stores is estimated to be normally distributed with a mean of 25 units and standard deviation of 5 units. Assume TOYS-are-MINE uses the order-up-to model to plan orders and deliveries to this store.

1. Suppose TOYS-are-MINE uses an order-up-to level of 20. After receiving their delivery for this week, they have 2 units on-hand. Last week’s order was for 5 units. How many units will they order this week?

2. Again, suppose they use an order-up-to level of 20 for this store. On average, how many units will this store have on-order?

3. Suppose an order-up-to level of 90 is established. What is the resulting in stock probability?

4. Suppose an order-up-to level of 100 is established. What would be the expected end-of-period on-hand inventory of Gipokmons?

Reference no: EM132137931

Questions Cloud

Was the security at the school sufficient : Was the security at the school sufficient? (What level of security was in place? What more could have been done?)

Do you believe your environment was safer with cctv : List all the places you traveled this past week where you likely appeared on a closed-circuit television.

Discuss status offenses : Discuss status offenses. Be sure to include a definition of status offenses and a summary of two types. How could these lead to a life of crime?

An ingredient used in the manufacture of plastics : Bisphenol A (BPA) An ingredient used in the manufacture of plastics should it be banned based on avilable evidence?

What is the resulting in stock probability : Suppose an order-up-to level of 90 is established. What is the resulting in stock probability?

Discuss the history of juvenile justice in america : Discuss the history of juvenile justice in America. Be sure to include a short summary in your discussion about parens patriae, the child saver movement.

What were the decision variables : Briefly describe a recent decision you made that could be viewed from an optimization perspective. In a few words, what were the “decision variables”?

The validity and constitutionality of officer smith actions : The story of this paper is a veteran police officer Smith received an anonymous call on his cell phone from person selling drugs the office came.

Calculate the standard deviation of sampling distribution : The average defect rate was .05. Calculate the standard deviation of the sampling distribution.

User Account

All Pages