Inventory management, Operation Management

Assignment Help:
The injection molding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons. It takes four days for an order to be delivered. Safety stock is 50 gallons, which provides a stockout risk of 9 percent. What amount of safety stock would provide a stockout risk of 3 percent? Assume normality.

Related Discussions:- Inventory management

Give an example of what team performance, Provide an example of what team p...

Provide an example of what team performance readiness might look like at various readiness levels

How reduce the safety stock, The annual demand for a product is 15,600 unit...

The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from order

Sequencing problem, what mean passing time is not allowed in sequencing pro...

what mean passing time is not allowed in sequencing problem in operation research

Q3. What do you understand by “line balancing”? What happens, Q3. What do y...

Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?

Explain what is the multifactor productivity of the plant, An industrial pl...

An industrial plant needs to make 100,000 parts per month to meet demand. Each month contains 20 working days, each of which allows for 3 separate 8 hour shifts. a. If a worker can

Compute the gagne-briggs, Critically evaluate the Gagne-Briggs (Gagne sound...

Critically evaluate the Gagne-Briggs (Gagne sounds like Gone-Yea. Briggs rhymes with "bigs") theory of instructional design Is it complete; what is missing; how would you change i

Explain in-depth the contrast and comparison, Need to describe in-depth the...

Need to describe in-depth the contrast and comparison of instrumental versus intrinsic within the business ethics development.

Explain reduce time in calculating customers, New software has been purchas...

New software has been purchased to reduce time in calculating customers' accounts. Establishing report and effective communication with team members is primary importance to make t

Compute the cost per hire for the scenario, Calculate the cost per hire for...

Calculate the cost per hire for the following scenario. Show your calculation for partial credit. If you only provide one number, and it is incorrect, I will not know how close you

What is the mixed strategies range, For the given matrix, what is the mixed...

For the given matrix, what is the mixed strategies range , Bob could make use  to dominate Middle ? Assume three Offices (A, B, and C) in downtown,  simultaneously decide whethe

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