Find the reorder point that will achieve

Assignment Help Business Management

Reference no: EM13217052

Buy-More stocks color graphics monitors. The daily demand is normally distributed with a mean of 1.6 monitors and a standard deviation of 0.4 monitors. The lead time to receive an order from the manufacturer is a constant 15 days.

a. Determine the reorder point that will achieve a 98% service level. ( z value = 2.05).

b. What is the reorder point if the lead time is not consistent at 15 days, but has a standard deviation of 0.5 days?

OfficeMax is considering using the Internet to order printers from Hewlett-Packard. The change is expected to make the cost of placing orders drop to almost nothing, although the lead time will remain the same. Using EOQ, ROP, and the TAC formulas

a. The order quantity?

b. The holding costs for the year?

c. The ordering costs for the year?

Reference no: EM13217052

Questions Cloud

Determine the percent increase in the velocity of air : If the density of air is 1.20 kg/m^3 at the inlet and 1.05 kg/m^3 at the exit, determine the percent increase in the velocity of air as it flows through the dryer.

The pros and cons of rfid in supply chain management : Discuss in detail the advantages and disadvantages of using RFID for a specific element of the company's supply chain eg. Fruit or cereal or any area of the supermarket or retail store.

Brazil global market video case analysis : Explain the importance of agriculture to Brazil's current success. What role will agriculture play in Brazil's future? What are the implications of this for other countries? How might countries like the United States react if Brazil is successful ..

What special challenges do multi-national organizations face : What special challenges do multi-national organizations face that other organizations are generally immune to? Please be specific and why is it a good case to help us begin our study of the best practices of good managers

Find the reorder point that will achieve : Buy-More stocks color graphics monitors. The daily demand is normally distributed with a mean of 1.6 monitors and a standard deviation of 0.4 monitors. The lead time to receive an order from the manufacturer is a constant 15 days.Determine the reo..

What areas must be monitored for quality : What areas must be monitored for quality? What accrediting and regulatory organizations are involved in QI? What are their roles? What helpful resources and organizations affect QI?

Find the average velocity of flow at section b : find the average velocity of flow at section B, and the pressure difference between sections A and B.

Evaluate an organizations strategic business units : Write on MM as how companies are reviewing their MM while entering into foreign markets and getting success and or any problems when they do not adjust their MM in overseas markets

Case study on east mill associates : East Mill Associates (EMA) was developing residential "units" in East Brunswick, NJ, within the service area of the East Brunswick Sewerage Authority (EBSA).

User Account

All Pages