Suppose q 400 now if the firm is willing to be out of

Assignment Help Basic Statistics

Reference no: EM13628300

The annual demand for inventory item P-2001 is 6000. Order lead time is 6 workdays, and the firm's "year" is 300 days (6 workdays weekly, times 50 weeks). Empirical analysis indicates that the daily variance of P-2001 demand is 20 units. Suppose Q* = 400. Now if the firm is willing to be out of stock of P-2001, an average of no more than two inventory cycles per year, what should be the reorder point (rounded to the nearest integer)?

a. 107

b. 132

c. 150

d. 174

e. None of the above

Reference no: EM13628300

Questions Cloud

The failure rate of each machine follows an exponential : suppose a penny arcade worker is in charge of keeping ten machines in operation. the failure rate of each machine

The administrative cost of placing a costumer on backorder : appliance alley sells super clean washing machine. demand for super machine averages 65 units per month. super clean

The production set up cost to use this machine is 200 and : flavin cosmetics sells 80000 tubes of lipstick annually. by leasing a casing machine at a cost of 9000 per year which

The lead time to receive order from brightall is 10 days : the lead time to receive order from brightall is 10 days. pantena corp. operates 250 days a year. as such pantena corp

Suppose q 400 now if the firm is willing to be out of : the annual demand for inventory item p-2001 is 6000. order lead time is 6 workdays and the firms year is 300 days 6

In the basic economic order quantity eoq model a doubling : in the basic economic order quantity eoq model a doubling of estimated annual demand would lead to what change in

In the basic economic order quantity eoq model at q the : in the basic economic order quantity eoq model at q the estimated total annual holding costa. is less than the

An independent-measures research study uses two samples : an independent-measures research study uses two samples each with n 12 participants. if the data produce a t statistic

User Account

All Pages