Consider the stocking level of a single item

Assignment Help Operation Management
Reference no: EM1381771

Consider the stocking level of a single item: Waist 36, inseam 34, green plaid pattern #7, Johnny Miller actionwear slacks. Deliveries are weekly, and the store wishes to provide 98% service (fill rate). Shockingly, demand for this item is 8 per week, with a variance of 60, corresponding to the product Nega BynoMeal in the chapter example 13.2 on your Student CD. The pants cost the store $25 each. How much should be stocked, and how much will it cost, given each of the following strategies discussed in the chapter (weeks of sales, constant K, and marginal analysis)?

Reference no: EM1381771

Questions Cloud

Why did gm enter through a joint venture with saic : Why did GM enter through a joint venture with SAIC? What are the benefits of this approach? What are the potential risks here?
Character difference of purple versus green stems : I n tomatoes, two alleles of one locus determine the character difference of purple versus green stems
Develop parent lock method asks for four digit password : Develop the parent lock method (turns lock on/off) which asks for 4 digit password. Navigating to any channel which is in range 99-110 must ask for password when parent lock is on.
Describe sds-page : The given statements describe SDS-PAGE, a method used to separate proteins. Some of the statements are correct, and some of them are incorrect.
Consider the stocking level of a single item : Shockingly, demand for this item is 8 per week, with a variance of 60, corresponding to the product Nega BynoMeal
Gender and family relations : Compare African-American, Latino and Asian-American families in terms of gender socialization of children and influence of multiple oppressions of race, gender, and social class.
Vision of model economic system : Illustrate out the vision of a model economic system - is it capitalist, socialist, or somewhere in between and compare and contrast the two major economic systems (capitalism and socialism).
Explain a type of column chromatography : Each of the following   statements   Explain a type of column chromatography . Sort the statements to the type of chromatography they describe. If statement can explain all of the types, place that statement in the category.
What are the challenges faced in training expatriate : What are the challenges faced in training expatriate managers? How would you design an effective expatriate traning program?

Reviews

Write a Review

Operation Management Questions & Answers

  What is the length of a production run in days

What run quantity should be used to minimize total annual costs? (Do not round intermediate calculations. Round your final answer to the nearest whole number.)

  Illustrate what lead time in weeks in need to respond

Illustrate what lead time in weeks in need to respond to a customer order for product A, assuming no existing inventories or scheduled receipts.

  Which forecast appears to be more accurate

Compute a weighted 3-month moving average forecast for months 4 through 9. Assign weights of .55, .33 also .12 to months in sequence, starting with most recent month. Compare two forecasts by using MAD. Which forecast appears to be more accurate.

  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..

  Product go through in order to produce an innovative change

Which one of the 4 Ps of innovation did the product go through in order to produce an innovative change? Is there any overlap with another one of the Ps? If so, which one? Explain.

  Find the economic order quantity

Markland producing intends to raise capacity through overcoming a bottleneck operation by adding new equipment. Two vendors have presented proposals.

  Combating five consumer products

Consider the "Alternative Approach" to combating five consumer products (alcohol, tobacco, guns, motor vehicles, and junk food) and determine whether you agree or disagree with the approach suggested.

  Illustrate what are chief policies-practices and systems

Illustrate what are chief policies, practices, and support systems also management approaches that underlie Manpower's strategy execution efforts?

  Explain how organization has implemented generic marketing

Pick any retail establishment of your choice in order to assess explain how organization has implemented generic marketing strategy also segmentation strategies.

  Should the shirts be produced in taiwan

When the shirts are completed, they are to be shipped directly to Chicago at a transportation also storage cost of $6 per cwt. An import duty of $0.50 per shirt is assessed.a. From a logistics-production cost standpoint, should the shirts be produc..

  Linear programming concepts-shadow price and sensitivity

This solution describes the concepts of shadow price and maximization problem, differences between graphical and computer-based methods of solving LP problems differ, and sensitivity analysis in decision making process.

  Explain how many containers will be needed

The process is being planned to have a usage rate of fifty pieces per hour. Each container is designed to hold ten pieces. It takes an average of thirty minutes to complete a cycle. Explain how many containers will be needed.

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