Design a simulation to help jane

Assignment Help Accounting Basics
Reference no: EM131804435

Problem

A warehouse manager, Jane, needs to determine how many order pickers she should staff. The daily demand is normally distributed with a mean of 58,855 parts and a standard deviation of 4876 parts. The number of parts that order pickers pick daily is normally distributed with a mean of 6012 parts and a standard deviation of 163 parts.

Design a simulation to help Jane determine how many order pickers she should hire so that demand is satisfied 97.5% of the time.

Reference no: EM131804435

Questions Cloud

Percent markup on selling price : The average markup for a produce department is 28 percent on selling price. When sold at 28 percent markup on selling price, bananas usually account
Describe the specific marketing strategy : Describe the specific Marketing Strategy you are recommending to complement the Porter's strategy the company is pursuing.
Explain the nonstore retailing techniques : Discuss nonstore retailing techniques. Nonstore retailing, which is shopping outside a store setting, has three major categories.
Ama statement of ethics : One retailer says that he is just making shoppers happy that they got a great deal when he inflates the retail price before discounting.
Design a simulation to help jane : Design a simulation to help Jane determine how many order pickers she should hire so that demand is satisfied 97.5% of the time.
Corporate social responsibility and ethical business : GeMot has a robust, creative and expansive Corporate Social Responsibility and Ethical Business Compliance programs,
Challenging aspects of a marketer job : Setting the right price is one of the most challenging aspects of a marketer's job. How high a price will the market bear? What kind of message
Define customer relationship management : Customer relationship management (CRM) is a company-wide business strategy designed to optimize profitability, revenue, and customer satisfaction
Define franchising and describe the basic forms : Define franchising and describe its two basic forms. Franchising is a continuing relationship in which a franchisor grants to a franchisee the business rights.

Reviews

Write a Review

Accounting Basics Questions & Answers

  What factors may cause the effective interest rate

What factors may cause the effective interest rate and the stated interest rate to be different?

  Wrote off $21,700 of uncollectible accounts receivable

Required: Prepare journal entries to record Lopez's 2010 and 2011 summarized transactions and its year-end adjustments to record bad debts expense. (The company uses the perpetual inventory system.) (Round your intermediate calculations and final ..

  Impact of conflict on teams

This week's materials emphasize the complexity surrounding processes designed to maximize team efficiency and performance. For your initial post to this discussion forum, begin by describing how the impact of conflict on teams may be "good, bad, o..

  A company uses the fifo method for inventory costing during

a company uses the fifo method for inventory costing. during a period a production department had 20000 units in

  An order has been received from an overseas customer for

juett company produces a single product. the cost of producing and selling a single unit of this product at the

  Why are turnover ratio important to merchandising companies

Why are turnover ratio and days in inventory calculations important to merchandising companies? How does this follow convention in conservatism in accounting?

  What is the payback period of the project

Conch Republic Electronics is a mid-sized electronics manufacturer located in Key West, Florida. What is the payback period of the project

  St joseph hospital has overall variable costs of 30 of

st. joseph hospital has overall variable costs of 30 of total revenue and fixed costs of 42 million per year. compute

  Centre for open-distance and elearning

Welcome to the University of Namibia and to the Centre for Open, Distance and eLearning in particular. We hope your studies will be rewarded with success.

  The important dates in connection with a cash dividend

The important dates in connection with a cash dividend of $112,750 on a corporation’s common stock are October 6, November 5, and December 5. Journalize the entries required on each date.

  Ben toucan be willing to give today to a venture investor

What percent ownership interest should Ben Toucan be willing to give today to a venture investor,

  Cost-information system is a function of a number of design

a formal presentation to members of the board. Thus, your writing should be concise, clear, and reflective of proper grammar and construction

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