This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The company is using a lot size of 700 units per order. Calculate the safety stock required for a ... (Read 98 times)

swpotter12

  • Hero Member
  • *****
  • Posts: 527
on: Aug 1, 2018
The company is using a lot size of 700 units per order. Calculate the safety stock required for a cycle service level of 97.5. In addition, what is the cost difference between the current policy and using the EOQ lot size? (safety stock/cost) The expected annual demand is 123,670 units. The standard deviation for a week is 345 units. The ordering cost is 200 and the carrying cost is 3.00 per unit per year. In addition, the lead time is 3 weeks and there are 52 weeks per year.
 a. 1171 units/24,202 c. 1171 units/24,202
  b. 8306 units/36,384 d. 4060 units/12,182

Question 2

A typical example of independent samples occurs with before-and-after measurements for the same individuals or test units.
  Indicate whether the statement is true or false


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Kingjoffery

  • Sr. Member
  • ****
  • Posts: 332
Reply #1 on: Aug 1, 2018
Answer to Question 1

A

Answer to Question 2

F


swpotter12

  • Hero Member
  • *****
  • Posts: 527
Reply #2 on: Aug 1, 2018
Thank you!


Kingjoffery

  • Sr. Member
  • ****
  • Posts: 332
Reply #3 on: Aug 1, 2018
Always glad to help...


« previous next »
 

Did you know?

Recent studies have shown that the number of medication errors increases in relation to the number of orders that are verified per pharmacist, per work shift.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

Alcohol acts as a diuretic. Eight ounces of water is needed to metabolize just 1 ounce of alcohol.

Did you know?

Asthma occurs in one in 11 children and in one in 12 adults. African Americans and Latinos have a higher risk for developing asthma than other groups.

Did you know?

The liver is the only organ that has the ability to regenerate itself after certain types of damage. As much as 25% of the liver can be removed, and it will still regenerate back to its original shape and size. However, the liver cannot regenerate after severe damage caused by alcohol.

Interventions to promote safety for children Interventions to promote safety for children
Good computer skills are now required to be a successful member of an office staff. Good computer skills are now required to be a successful member of an office staff.
Roller lifter from a GM Duramax 6.6 liter V-8 diesel engine. Notice the size of this lifter compared ... Roller lifter from a GM Duramax 6.6 liter V-8 diesel engine. Notice the size of this lifter compared ...
Beak size in finches during dry years increases because of strong selection Beak size in finches during dry years increases because of strong selection
Analysis of double-mutant phenotypes to find order of genes in developmental pathways Analysis of double-mutant phenotypes to find order of genes in developmental pathways
Test of Yanofsky’s Proposed trp Operon Gene Order Test of Yanofsky’s Proposed trp Operon Gene Order
Video: Introduction to Heart Attacks

For a complete list of videos, visit our video library