User Account

All Pages

Approximate values for safety stock and rop

Assignment Help Operation Management
Reference no: EM132720913

For a fixed order-quantity, ROP model the daily demand rate is normally distributed with a mean of 50 units and a standard deviation of 5 units. The lead time is 9 days, Q = 500 units, and the lead time service level is 90%. What are approximate values for safety stock and the ROP?

Reference no: EM132720913

Questions Cloud

Percentage decrease in purchasing expenses : If the company achieves its revenue growth target of 7%, by how many dollars would revenue increase? (whole number.)
Was the enormous cost of such aggressive expansion strategy : You can also research Netflix. Was the enormous cost of such an aggressive expansion strategy the right direction for Netflix?
Prepare a bank reconciliation as of november : Check No. 523 written to a creditor in the amount of $372.90 was recorded in the books as $327.90. Prepare a bank reconciliation as of November 30
Explaining the various types of biological agents : You have been asked to create a handbook explaining the various types of biological agents employees may have contact with in the workplace
Approximate values for safety stock and rop : The lead time is 9 days, Q = 500 units, and the lead time service level is 90%. What are approximate values for safety stock and the ROP?
Theories are derived from conceptual models : Theories are derived from conceptual models and are comprised of concepts and propositions
Calculate the total annual cost of ordering : A large bakery buys flour in 25 kg bags. The bakery uses an average of 4,860 bags a year. Preparing an order, receiving the shipment, and paying
Prepare a bank reconciliation as of October : The book balance in the checking account of Johnson Enterprises as of October 31 is $5,718. Prepare a bank reconciliation as of October 31, 20--
Discuss what is the company market penetration strategy : Discuss What is the company's market penetration strategy (intensive, selective, etc.), and how do the channels being used reflect that strategy?

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd