Re-order point for fixed-time period inventory system

Assignment Help Operation Management

Reference no: EM131764504

Les Schwabe reviews their tire inventory every week. The lead time is seven days and demand rate is 650 tires per day. You know the company’s standard deviation, which is 25 tires per day and they allow only 2 stock-outs per year. Compute the re-order point for a fixed-time period inventory system assuming 52 weeks per year of operation.

Reference no: EM131764504

Questions Cloud

Professional impression and portray professional image : You organize a meeting to discuss what it means to make a positive professional impression and portray a professional image.

Economic order quantity : Calculate the economic order quantity.

Compute the economics production quantity : Compute the economics production quantity. Compute the maximum inventory.

Economic order quantity for dyson vacuum cleaners : Calculate the economic order quantity for Dyson vacuum cleaners with the following given numbers.

Re-order point for fixed-time period inventory system : Compute the re-order point for a fixed-time period inventory system assuming 52 weeks per year of operation.

Describe the pest analysis in the external environment : Describe the PEST analysis in the external environment? Indicate three examples for each category.

Business in outdoor material : John started his business in outdoor material.What is the quantity of JR HAMMER 3/2 wetsuits he had to order to maximize profit according to News Vendor Model.

Sold hundreds of millions of dollars worth of goods : Miga, a French company, sold hundreds of millions of dollars worth of goods, much of it on credit, to various agencies of the Russian government.

Quality characteristic of interest is normally distributed : A production line is in-control, centered and the quality characteristic of interest is normally distributed. The Process Capability Ratio Cpk = 0.90

User Account

All Pages