Explain the rop that will provide a risk of stockout, Operation Management

Assignment Help:

Given this information

Expected demand during lead time = 300 units

Standard deviation of lead time demand = 30 units

Determine each of the following, assuming that lead time demand is distributed normally

a. The ROP that will provide a risk of stockout of 1 percent during lead time. (Round your answer to the nearest whole number.)

b. The safety stock needed to attain a 1 percent risk of stockout during lead time. (Round your answer to the nearest whole number.)


Related Discussions:- Explain the rop that will provide a risk of stockout

Evolution of operation management, How operations evolved from industrial r...

How operations evolved from industrial revolution to internet revolution?

Explain what is the union relations environment, What is the union relation...

What is the union relations environment today and what are the future trends in labour relations?

Concept of a productivity boundary and operating efficiency, 1. Porter (199...

1. Porter (1996) attempts to resolve the issue of Skinner's quandary with trade-offs by introducing the concept of a productivity boundary and operating efficiencies. Explain where

Discuss the existence of an agency at the time the contract, Paul Gett is a...

Paul Gett is a well-known wealthy financial expert living in the city of Torris. Adam Wade, Gett's friend, tells Timothy Brown that he is Gett's agent for the purchase of rare coin

Explain type of marketing research, Obtaining data on the number of househo...

Obtaining data on the number of households that buy a particular product is an example of which type of marketing research? Explanatory Exploratory Causal Concrete

Explain a recruitment process, Describe a recruitment process that would pr...

Describe a recruitment process that would provide a pool of pre-qualified candidates for the seven open trainer positions.

Design methods, Computer-Aided Design is one of the techniques used by Rega...

Computer-Aided Design is one of the techniques used by Regal Marine in the manufacturing of boats. With the aid of examples, critically discuss FIVE (5) techniques that are import

Explain secure an access database, 1. To delete the filter shown below clic...

1. To delete the filter shown below click Filter in the Sort & Filter group and select Clear Filter. Click Remove Filter in the Sort & Filter group. Right click on any number in th

Production and Operation Management, What do you understand by “line balanc...

What do you understand by “line balancing”? What happens if balance doesn’t exist?

Explain how is the search industry changing, How is the search industry cha...

How is the search industry changing? What forces seem most likely to bring about major change to the industry within the next three to five years?

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