Consider continuous review inventory system

Assignment Help Operation Management

Reference no: EM131115751

Consider a continuous review inventory system. Demand is normally distributed with an average of 13,600 per month and a monthly standard deviation of 225 units. Lead time is one week (assume 4 weeks per month). If the firm desires a 97% CSL, how many units of safety stock should be held, and what re-order point ) should be used? (Keep 3 decimals for the standard deviation, but round and to the nearest whole number.)

Reference no: EM131115751

Questions Cloud

How are the domains and ranges of all the shipping charge : Briefly describe the types of items you sell (for example, pet toys), and give a description of your shippingcharge function

What liability relative to these transactions : What liability relative to these transactions would appear on the December 31, 2010, balance sheet and how would it be classified if the cash-basis method is applied?

Sleep per night for a random sample : Find the probability that the hours of sleep per night for a random sample of 16 college students has a mean x between 6.78 and 6.92.

What is link between an international business strategy : What is the link between an international business’s strategy and its human resource management policies, particularly with regards to the use of expatriate employees and their pay scale?

Consider continuous review inventory system : Consider a continuous review inventory system. Demand is normally distributed with an average of 13,600 per month and a monthly standard deviation of 225 units. Lead time is one week. If the firm desires a 97% CSL, how many units of safety stock shou..

Expected value of the sampling distribution model : The National Center for Education Statistics reports that the proportion of college freshmen who return to the same school for their sophomore year is 0.66. Suppose we select a random sample of 450 freshmen from across the nation. Question 1. What..

How should a company regulate ethical conduct : How should a company regulate ethical conduct within the organization?

Why would an organization care whether its supervisors speak : How could the hospital in this example have prepared its supervisors to understand their proper role during an organizing campaign? Explain and justify your answer.

Calculate and clearly show the material and labor variances : Calculate the standard cost, and the material and labor variances for Russell Uszak Company.RU Co. made 2,050 DVD players during March. What is the standard (expected) cost of making the 2,050 DVD players? Please calculate and clearly show the mater..

User Account

All Pages