Daily demand follows an exponential distribution

Assignment Help Operation Management

Reference no: EM131794892

Daily demand follows an exponential distribution with a mean of 60. The lead-time perio 20 days. Calculate the necessary reorder point to achieve a fill rate of 95%. The annual demand is 15,000 units, the ordering cost is $100, and the holding cost is $5.00 per unit per year

Reference no: EM131794892

Questions Cloud

Review based on management and labor relations topic : Prepare a written review based on a Management / Labor Relations topic.

Describe trends impacting education and research : Identify and describe trends impacting education and research.

Express store arrangement : A group of my students from Facilities Management class decided to help Tim Horton to improve its express store arrangement.

Major focus of the federal aviation administration : Since 9/11, airline security has been a major focus of the Federal Aviation Administration (FAA) and the US Government.

Daily demand follows an exponential distribution : Daily demand follows an exponential distribution with a mean of 60.

Hospitality hall of fame : Imagine you are the campaign manager trying to get one of these pioneers inducted into the “Hospitality Hall of Fame”.

Will nick be entitled to rescind his contract with kurt : Will Nick be entitled to rescind his contract with Kurt? Explain.

Organizations operating a mass-production technology : ow have these innovations changed the structure of organizations operating a mass-production technology?

Non-competition clause of the employment contract : The Clinic sues Dr. Jones for breach of contract on the basis that his new practice violates the non-competition clause of the employment contract.

User Account

All Pages