Illustrate what should the reorder point be

Assignment Help Operation Management

Reference no: EM1374209

Q. Thomas' Bike Shop stocks a high volume item that has a normally distributed demand during the reorder period. The average daily demand is 70 units, the lead time is 4 days and the standard deviation of demand during the reorder period is 15.

a. Explain how much safety stock provides a 95% service level to Thomas?

b. Illustrate what should the reorder point be?

Reference no: EM1374209

Questions Cloud

Evaluate what is the total cost of building : Evaluate what is the total cost of building 8 picture frames by a new employee using the cumulative average-time method - The manufacturing overhead charge per hour is $ 10.

Explain a participative approach to safety improve : Explain however, a participative approach to safety improvement means employees time away from their duties and decreased productivity. Do you think the trade-off may worth it. Why or why not.

How if at all could you advance on your boss''s formulation : Based on the examination of the last six months' sales, your boss signs that sales of beef products are declining in your chain's restaurants. As beef entree sales decline thus do profits

What are estate tax consequences of these transactions : Shortly thereafter, Bob sells the residence, liquidates the trust, and distributes the proceeds to the beneficiaries. Evaluate what are the estate tax consequences of these transactions to June?

Illustrate what should the reorder point be : Explain how much safety stock provides a 95% service level to Thomas. Illustrate what should the reorder point be.

What competitive benefit in the workplace do you possess : What competitive benefit in the workplace do you possess that delivers value for current and future employers? How can you strengthen

Reasons for higher salaries for economics professors : At some universities and colleges, economics professors earn hugh salaries than professors in some other fields.

Illustrate what is different about applying lean in a factor : Illustrate what is different about applying lean in a factory versus a service situation. Describe your finding in a 2-page report.

Limitations of traditional strategic choice models : Limitations of traditional strategic choice models particularly in terms of rational choice expectations and assumptions about control as well as predictability

User Account

All Pages