Stock control, accounting, Basic Statistics

Assignment Help:
Two components, A and B, are used as follows:
normal usage - 50 per week each
minimum usage - 25 per week each
maximum usage - 75 per week
re-order quantity - A:300; B:500
re-order period - A: 4 to 6 weeks; B: 2 to 4 weeks

calculate for each component:
(a) re-order level
(b) minimum level
(c) maximum level
(d) average stock level

Comment briefly on the difference in levels for the two components.

Related Discussions:- Stock control, accounting

Define the research problem, Choose one of the following four problems depe...

Choose one of the following four problems depending on your area and interest. a. What explains why a particular political candidate wins and his/her opponent loses a tightly co

Assignment , assume that your group is incorporating a business organizatio...

assume that your group is incorporating a business organization. you are required to present a detailed structure, business environment and organizational structure of the entity.

Determine the average sales, A company prepares dinners for several airline...

A company prepares dinners for several airlines, and sales average 300,000 meals per month. The significant costs of each dinner prepared are for the meat, veg,plastic trays, and u

Joint probability, Two construction contracts are to be randomly assigned t...

Two construction contracts are to be randomly assigned to one or more of three firms. Numbering the firms I, II, and III, let X1 be the number of contracts assigned to firm I, and

Agglomerative hierarchical clustering methods/procedures, Agglomerative hie...

Agglomerative hierarchical clustering methods/procedures Methods of cluster analysis that start with each individual in the separate cluster and then, in the series of steps, c

Normal distribution, In a sample of 120 workers in a factory, the mean and ...

In a sample of 120 workers in a factory, the mean and standard deviation of wages were Rs. 11.35 and Rs.3.03 respectively. Find the percentage of workers getting wages between Rs.9

Use this information to construct the 90% and 95% confidence, From random s...

From random sample of 48 days in a recent year, U.S. gasoline prices had a mean of $3.63. Assume the population standard deviation is $0.21?

Relationship between mediation activity, Is there a relationship between me...

Is there a relationship between mediation activity and cooperation between two nations in conflict? A data set was assembled across 15 time periods. Both variables were measured on

Source of economic growth and development, Question 1: (a) Describe the...

Question 1: (a) Describe the factors that contributed to the adoption of structural adjustment programme by a majority of Least Developed Countries in the 1980s? (b) Describ

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