Describe what these two service level mean, Operation Management

Assignment Help:

A cigar company stocks Cuban cigars that have variable lead times because of the difficulty in importing the product. Lead time is normally distributed with an average of 6 weeks and a standard deviation of 2 weeks. Average demand is also normally distributed with a mean of 200 cigars per week and a standard deviation of 25 cigars. a. For a 98% service level, what is the ROP? b. What is the ROP for a 90% service level? c. Explain what these two service level mean. Which is preferable?


Related Discussions:- Describe what these two service level mean

Illustrate overview of operational functions or departments, Illustrate the...

Illustrate the overview of operational functions or departments? Organisations create products or deliver services and act rely heavily onto operational processes to create eff

Explain functions in which industrial manager is involved, Explain function...

Explain functions in which industrial manager is involved? The Industrial Manager is occupied in the given functions:- (i) Design products which will find acceptance in comp

Describe what these two service level mean, A cigar company stocks Cuban ci...

A cigar company stocks Cuban cigars that have variable lead times because of the difficulty in importing the product. Lead time is normally distributed with an average of 6 weeks a

Explain why do reporting systems increase the risk, Why do reporting system...

Why do reporting systems increase the risk of semantic security problems?

Explain probabilities of various caseloads to be unreliable, The director o...

The director of social services of a county has learned that the state has mandated additional information requirements. This will place an additional burden on the agency. The dir

Explain the role of the hrm professional, How do these policies and practic...

How do these policies and practices align with Apple, Inc.'s legal compliance standards? If alignment is not present, how does this affect the role of the HRM prof

Explain ennoblement in addition to the primary deliverable, Almost all proj...

Almost all project have deliverables dealing with documentation and customer ennoblement in addition to the primary deliverable

Demand curve to estimate the consumer surplus, Demand curve to estimate the...

Demand curve to estimate the consumer surplus: Adam's demand curve for commodity X is: XA = 10 - 2Px . Betty's demand curve for commodity X is: XB = 10 - 3Px . (a) What is

Explain what is the contribution ratio, Foster Company makes power tools. T...

Foster Company makes power tools. The budgeted sales are $420,000, budgeted variable costs are $147,000, and budgeted fixed costs are $227,500. What is the budgeted operating in

Describe how hr failure in multinational ventures, Examine two primary caus...

Examine two primary causes of HR failure in multinational ventures. Provide an analysis that describes the manner in which each of these causes can be overcome by having the approp

Write Your Message!

Captcha
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