How much safety inventory of phones should best buy carry

Assignment Help Operation Management
Reference no: EM13969150

Weekly demand for Motorola cell phones at a Best Buy store is normally distributed with a mean of 500 and a standard deviation of 200. Motorola takes two weeks to supply a Best Buy order. Best Buy is targeting a cycle service level of 90 percent and monitors its inventory continuously.

How much safety inventory of phones should Best Buy Carry?

Reference no: EM13969150

Questions Cloud

Who freely and knowingly engage in wrongful actions : Moral responsibility or blameworthiness that attaches to persons who freely and knowingly engage in wrongful actions is sometimes referred to as
Most challenging or illogical within the software : Describe your understanding of how the EHR is used in the medical setting. How does this streamline data and one’s ability to abstract information? Which functions of the EHR do you find to be the most challenging or illogical within the software? Wh..
What is the total inventory-related cost of this decision : Rushton trash company stocks, among many other products, a certain container, each of which occupies four square feet of warehouse space. The warehouse space currently availale for storing this product is limited to 600 square feet. What is the cost-..
Measurement of division-division manager performance : The company uses return on investment and dollar profits in the measurement of division and division manager performance. 1. Assume that you are the division controller of Ajax. Would you recommend that Ajax supply fitting no. 1726 to Defco? Why or..
How much safety inventory of phones should best buy carry : Weekly demand for Motorola cell phones at a Best Buy store is normally distributed with a mean of 500 and a standard deviation of 200. Motorola takes two weeks to supply a Best Buy order. Best Buy is targeting a cycle service level of 90 percent and ..
What is the total cost-revenue and profit for selling : The fixed monthly production cost is $15,000 and the variable cost per snowboard is $35. The snowboards sell for $130 a piece. What is the break-even volume for the company? What is the total cost, revenue, and profit for selling 210 boards
What is the associated order policy : Consider the following for a purchased item. Time between reviews= 3 months lead time= 2 months unit cost= $590/unit cost of capital= 20% demand= 2773 units/year with standard deviation= 84 units/year desired cycle service level is 99.9% ordering cos..
What assumptions have the contributors made : What assumptions have the contributors made? Are these assumptions justifiable? Why or why not? Are there errors in the scientific or factual information included in the article?
What is probability that randomly selected item is defective : In a production run of 300 units, there are exactly 20 defective items and 280 good items. What is the probability that a randomly selected item is defective? If two items are sampled without replacement, what is the probability that both are good?

Reviews

Write a Review

Operation Management Questions & Answers

  Similarities between inductive and deductive reasoning

Review the differences and core similarities between inductive and deductive reasoning. How does one form support the other?

  Bronze machines and injection molding machine

Always Rain Irrigation, Inc., would like to determine capacity requirements for the next four years. Currently two production lines are in place for making bronze and plastic sprinklers. Three bronze machines and only one injection molding machine ar..

  Determine the probability of waiting in line

Sharp Discounts Wholesale Club has two service desks, one at each entrance of the store. Customers arrive at each service desk at an average of one every six minutes.

  Formulate a mixed integer programming model

Formulate a mixed integer programming model for this problem.

  Define an academic model

Define an academic model - How can it be used in learning and what are the advantages and disadvantages of an academic model?

  Employees have certain legal rights

Employees have certain legal rights such as the right to be paid a minimum wage and to have a workplace free of sexual harassment. Should employees have rights that are not specified in the law or in an employment contract? Provide examples from your..

  What combinations of management style

Why is it important to understand management style if you are an HR professional or manager? Discuss at least three points. What combinations of management style might you use in each of these situations and why?

  Calculate the average number in the queue

Sid Das Brick Distributors currently employs 1 worker whose job is to load bricks on outgoing company trucks. An average of 24 trucks per 8 hour shift, arrive at the loading platform, according to a Poisson distribution.

  Internet search for information linear decision making

Conduct an Internet search for information on linear decision-making. Then, discuss your findings and contrast it with what the authors offer in the textbook. Next, discuss how a linear decision-making model could have helped you in making a past dec..

  Cycle counting system for checking inventory accuracy

Cycle counting system for checking inventory accuracy and operations manager of a firm that uses the continuous-review inventory control system.

  Use wertheims structure for case analysis

Write a formal case analysis (5-7 pages) of "The Virgin Group in 2012." Use Wertheim's structure for case analysis. Pay particular attention to the choices of corporate strategy when outlining the causes of any problems identified. Identify creative ..

  Compare internal vs external recruiting

Compare internal vs external recruiting. When would you want to use each option? what are some advantages and disadvantages of each?

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