Long time ago in galaxy far far away

Assignment Help Operation Management
Reference no: EM132287532

A Long Time Ago in a Galaxy Far Far Away…

There is a Galactic Empire that manufactures droids (robots) to be “used” in combat. The Empire adopts a weekly base stock policy to replenish its droid inventory. Weekly demand is normally distributed with mean 60,000 units with standard deviation 10,000 units. The Empire does not incur ordering costs.

Each droid costs $20,000 and the inventory holding cost rate is 26% per dollar per year. The droids are manufactured in a central factory and it takes 8 weeks to transport them to a remote corner of galaxy where they will be “consumed”. The Empire currently adopts 600,000 units as the base stock level.

a. What is expected pipeline inventory with the current base stock level?

b. What is the in-stock probability with the current base stock level? Answer in probability (i.e. from 0 to 1) to four decimal points.

Reference no: EM132287532

Questions Cloud

Discuss the importance of product comparison tools : Discuss the importance of product comparison tools, product reviews, and customer ratings in online shopping.
How would you recommend that organization leaders : How would you recommend that organization leaders select from among the various assessment choices?
How much of endorsements do you think is really tied : How much of endorsements do you think is really tied to building a brand which can be trusted?
Listening takes energy and concentration : Listening takes energy and concentration. It makes us tired and raises your heart rate.
Long time ago in galaxy far far away : There is a Galactic Empire that manufactures droids (robots) to be “used” in combat. What is expected pipeline inventory with the current base stock level?
Significant regulations enforced by each agency relevant : Identify at least two significant regulations enforced by each agency relevant to Solar Co.'s business (totaling eight regulations).
Criteria for sustainable organization : In what ways does Costoco meet the criteria for a "sustainable" organization?
Customer purchase behaviors to manage multichannel strategy : Which data are relevant to know customer purchase behaviors to manage a multichannel strategy?
Patient protection and affordable care act : On March 23, 2010, the US Patient Protection and Affordable Care Act was passed and signed into law.

Reviews

Write a Review

Operation Management Questions & Answers

  Different means of differentiating products and services

Consider the different means of differentiating products and services. Which ones do you believe have the MOST impact on a consumer's choices and WHY? Can you think of certain BRANDS that excel at a number of these different means of differentiation?

  High-level objective for each functional group

Complete the four elements of the McDonald’s organization chart exercise in the Assurance of Learning Exercise 7A on page 248 of the textbook. Once the organizational chart recommendation is completed, create at least one high-level objective for eac..

  Different methods to solve system of linear equations

What are the different methods to solve a system of linear equations? Briefly describe the steps needed in each method.

  What is the optimal production run size

What is the optimal production run size? How many production runs must be made each year?

  Inventory shows the cost of completed goods on hand

n a manufacturing company, the calculation of cost of goods sold is the beginning finished goods inventory plus the cost of goods manufactured less the ending finished goods inventory. Raw Materials Inventory shows the cost of completed goods on hand..

  Write a summary of the article-the work life task

Write a summary of the article-The Work Life Task: Adler’s Influence on Career Counseling and Development.

  What do you know about southwest airlines operations

What do you know about Southwest airlines operations that have made them more profitable than every other airlines. How has Walmart's supply chain made them more efficient and profitable than their competitors

  Example of qualified individual and reasonable accommodation

Summarize the main features of the ADA and include an example of a "qualified individual" and a "reasonable accommodation".

  Describe the three theories of situational leadership

In a four- to five-page paper (excluding the title and references pages), explain why situational leadership theory is useful and relevant in developing an effective leadership culture. Describe the three theories of situational leadership and wha..

  Restaurant already has single line-three server system

A restaurant already has the single line/three server system in place, with Poisson arrivals at a rate of 30 per hour and exponential service at a rate of 15 per hour. To maintain its stellar customer service reputation, the restaurant is considering..

  Global economy impacts the implementation of HRM function

The global economy impacts the implementation of the HRM function in multi-national organizations to achieve organizational goals. The strategic management planning process affects the contribution of an organization's HRM policies and practices to a..

  The labor force participation rate for this economy

The labor force participation rate for this economy is nothingm?%.

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