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

Author Question: A product has a reorder point of 260 units, and is ordered ten times a year. The following table ... (Read 35 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
on: Dec 3, 2019

Question 1

Demand for a product is approximately normal, averaging 5 units per day with a standard deviation of 1 unit per day. Lead time for this product is approximately normal, averaging 10 days with a standard deviation of 3 days. What reorder point provides a service level of 90%?

Question 2

A product has a reorder point of 260 units, and is ordered ten times a year. The following table shows the historical distribution of demand values observed during the reorder period.

DemandProbability
240.1
250.2
260.4
270.2
280.1

Currently, stockouts are valued at $5 per unit per occurrence, while inventory carrying costs are $2 per unit per year. Should the firm add safety stock? If so, how much safety stock should be added?
Operations Management (Canadian Edition) ¦ Heizer, Render, Griffin ¦ 1st Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by Redwolflake15 on Dec 3, 2019

connor417

  • Sr. Member
  • ****
  • Posts: 329
Reply #1 on: Dec 3, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


Redwolflake15

  • Member
  • Posts: 569
Reply 2 on: Dec 3, 2019
YES! Correct, THANKS for helping me on my review

tranoy

  • Member
  • Posts: 344
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The lipid bilayer is made of phospholipids. They are arranged in a double layer because one of their ends is attracted to water while the other is repelled by water.

Did you know?

On average, the stomach produces 2 L of hydrochloric acid per day.

Did you know?

The largest baby ever born weighed more than 23 pounds but died just 11 hours after his birth in 1879. The largest surviving baby was born in October 2009 in Sumatra, Indonesia, and weighed an astounding 19.2 pounds at birth.

Did you know?

Allergies play a major part in the health of children. The most prevalent childhood allergies are milk, egg, soy, wheat, peanuts, tree nuts, and seafood.

Did you know?

Malaria was not eliminated in the United States until 1951. The term eliminated means that no new cases arise in a country for 3 years.

A point-type ignition system showing the distributor cam which opens the points A point-type ignition system showing the distributor cam which opens the points
Transport of acetyl units and reducing equivalents used in fatty acid synthesis Transport of acetyl units and reducing equivalents used in fatty acid synthesis
Table - Analysis Table - Analysis
Table - Analysis Table - Analysis
The phenotype of an organism is the product of interactions The phenotype of an organism is the product of interactions
The Serial Numbers for Each Day of the Year The Serial Numbers for Each Day of the Year
Video: Inflammation

For a complete list of videos, visit our video library