Safety inventory level for a continuous replenishment policy

Assignment Help Operation Management
Reference no: EM131476350

Given DATA:

Annual Demand for 2007: 28900

Holding Cost:0.15

Unit cost: $20

Fixed Shipping cost per order: $300

Coefficient of Variation: 0.1

Lead time: 2 weeks

CSL:0.9

Find values for followings;

Optimal Lot Size?

Cycle Inventory?

Average Weekly demand for 2007?

Standard deviation in weekly demand?

Safety inventory level for a continuous replenishment policy?

Reorder point?

Fill rate?

Average inventory?

Average flow time?

Show the equations and every work process step by step.

Reference no: EM131476350

Questions Cloud

Draw a logic symbol diagram : Draw a logic symbol diagram of a 5-bit serial-load shift-right register. Use five D flip-flops. Label inputs data, CLK, and CLR.
Develop a response that includes examples and evidence : Develop a response that includes examples and evidence to support your ideas, and which clearly communicates the required message to your audience.
Create a new product that would appeal to your market : Develop at least one question for each characteristic of the target market (demographic, geographic, psychographic, and behavioral) .
Define the hoare semantics : Assuming Hansen semantics for condition variables, our implementation of the blocking bounded queue in Figure does not guarantee freedom from starvation.
Safety inventory level for a continuous replenishment policy : Safety inventory level for a continuous replenishment policy? Reorder point? Fill rate?
Examining business strategy and the five forces model : Examining Business Strategy and the Five Forces Model: What do you see as the key success factors for firms in the online auction industry?
What are your future plans : What are your future plans? Do you think learning economics will play an important role in achieving your goals in the near future? Briefly discuss.
Discuss potential causes and incidence rates : Describes treatment options based on theoretical models and current research.Explains the behavioral criteria.
Commentary across some of horizontally integrated divisions : Identify Headline news story and compare its coverage and commentary across some of its horizontally integrated divisions

Reviews

Write a Review

Operation Management Questions & Answers

  Book review - the goal

Operations Management is about a book review. Title of the book is "Goal". This book has been written by Dr. Eliyahu Goldartt. The book has been appreciated by many as one of those books which offers an insight into the operations and strategic capac..

  Operational plan in hospitality enterprise

Operational plan pertaining to a hospitality enterprise is given in detail in the solution. The operational plan is an important plan or preparation which gives guidelines regarding the role and responsibilities of each and every operation at all lev..

  Managing operations and information

Recognise the importance of a strategic approach to the development and deployment of organisational information systems. Demonstrate an understanding of the importance of databases and their integration to the organisation's overall information mana..

  A make-or-buy analysis

An analysis of the holding costs, including the appropriate annual holding cost rate.

  Evolution and contributor of operations management

Briefly explain Evolution and contributor of Operations management.

  Functions and responsibilities of an operations manager

A number of drivers of change have transformed the roles, functions and responsibilities of an operations manager over recent years. These drivers have not only been based on technological innovations but also on the need for organisations to develop..

  Compute the optimal order quantity

Compute the Optimal Order quantity of DVD players. Determine the appropriate reorder point.

  Relationship to operations practice in the organisation

Evaluate problems in operations and identify approaches to overcoming them. Critically evaluate operating plans and identify areas for improvement. Justify, implement and evaluate changes to operations in line with modern approaches.

  A make or buy analysis

Develop a report for Figi Fabricating that will address the question of whether the company should continue to purchase the part from the supplier or begin to produce the part itself.

  Prepare a staffing plan

Prepare a staffing plan showing the change of your unit from medical/surgical staffing to oncology staffing.

  Leadership styles in different organizations

Ccompare the effectiveness of different leadership styles in different organizations

  Risk management tools and models

Be able to understand the concept of risk, roles and responsibilities for risk management and risk management tools and models.

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