Standard deviation of demand during protection interval

Assignment Help Business Management

Reference no: EM131028874

Nationwide Auto Parts uses a periodic review inventory control system for one of its stock items. The review interval is six weeks, and the lead time for receiving the materials ordered from its wholesaler is three weeks. Weekly demand is normally distributed, with mean of 100 units and a standard deviation 20 units.

a) What are the average and the standard deviation of demand during the protection interval?

b) What should be the target inventory level if the firm desires 97.5 percent stock-out protection?

c) If 350 units were in stock at the time of a certain periodic review, how many units should be ordered?

Reference no: EM131028874

Questions Cloud

Federal and state legislation that supports fair workplace : A brief description of the event and the work environment the discrimination occurred (Omit identifying demographic information and use fictitious names as needed.) Federal and state legislation that supports fair workplace practices

Find out the profile of the victim and the harasser : Search the net for articles that talk about sexual harassment in the workplace; Find out the reasons why sexual harassment happens; Find out the types of sexual harassment; Find out the profile of the victim and the harasser; Find out how sexual har..

Post an example of a poorly made graph : Redo the graph (probably using Excel), making sure to correct the faults you identified in the original. Estimate data values to complete this last task.

Assign icd-cm diagnosis codes to each of the given condition : Look at the mandated reportable disease list for New York State and assign ICD-10-CM diagnosis codes to each of the conditions that appear are listed below:

Standard deviation of demand during protection interval : What are the average and the standard deviation of demand during the protection interval? What should be the target inventory level if the firm desires 97.5 percent stock-out protection? If 350 units were in stock at the time of a certain periodic re..

Describe the classic management functions and relationships : Describe the classic management functions and their relationships to one another, including the extent to which they may not be interrelated. For each function, provide one specific example and explain in detail how this function, in this specific in..

Discuss the stages of consciousness including wake : Discuss the stages of consciousness including wake, interruptions of consciousness, and the stages of sleep. Summarize what a person's circadian rhythm is and provide examples of how a person can disturb the internal schedule

Conduct a web search and find a different graphic : Climatologists publish a number of different types of graphical aids to illustrate the global warming issue. Conduct a Web search and find a different graphic. Comment on its content and discuss what it represents. Be sure to attach a copy of the ..

Can a lawyer actually be jailed for contempt of court : In the film My Cousin Vinny, Vinny, a New York (out of state) lawyer, was able to practice law in Alabama and represent a client on a murder case—without the benefit of being admitted to Alabama State Bar. Could Vinny actually represent his client in..

User Account

All Pages