How many units should be ordered

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Reference no: EM132241614

1. Weekly demand for a particular product averages 100 units, with a standard deviation of 7. This item is managed with a fixed-order-interval model. The order interval is 6 weeks, and this item has a certain lead time of one week. The desired service level is 95 percent. Assume that it is now time to place another order, and there are 63 units on hand. How many units should be ordered?

2. The manufacturing company uses 10,000 units of raw material at its workstations each 10 hours of production. The cycle time for a standard container, which holds 50 units, averages 30 minutes. If management uses an efficiency factor of 30 percent, how many containers should be used?

Reference no: EM132241614

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