The injection molding department of company

Assignment Help Operation Management
Reference no: EM131637435

The injection molding department of a company uses 40 pounds of a powder a day with a standard deviation of 3 pounds. The lead time averages 5 days with a standard deviation of 2 days.

a). Determine the reorder point if management wants a 99% customer service level.

b). Based on your calculation in (a) above, how much safety stock would be carried?

Reference no: EM131637435

Questions Cloud

Partnerships with other organizations in their supply chain : The benefits of establishing partnerships with other organizations in their supply chain are:
Benefits of establishing partnerships with organization : The benefits of establishing partnerships with other organization in their supply chain are:
Did mcdonalds transition from an mts to mto process : Did McDonalds transition from an MTS to MTO process or vice versa?
Cost of medical care-insurance is growing societal problem : The high cost of medical care and insurance is a growing societal problem.
The injection molding department of company : The injection molding department of a company uses 40 pounds of a powder a day with a standard deviation of 3 pounds.
What is the optimal stocking level : A small grocery store sells fresh organic salad, which it obtains from a local farmer. What is the optimal stocking level?
Identified to fundamental steps for new-product development : Next, compare the steps you’ve identified to the fundamental steps for new-product development found in section 3.2 of your textbook.
Speculating with currency call options : Randy Rudecki purchased a call option on British pounds for $.01 per unit. What was Randy’s net profit on this option?
Explain the role of the leader in change initiatives : What is the entrepreneurial process? Explain the role of the leader in change initiatives? Is change possible without leadership, explain why or why not?

Reviews

Write a Review

Operation Management Questions & Answers

  Natalya dunovich manages organic greenhouses.

Natalya Dunovich manages Organic Greenhouses. They supply organically grown vegetables year-round to the local markets. Their greenhouses enclose 12 acres of growing space that they use to raise peppers and tomatoes. Formulate a linear program to hel..

  Company is preparing a bid on a government contract

A company is preparing a bid on a government contract for 20 units of a certain product.

  Simulation is important in the business world

Complete the following the essays using your own words and opinions as well as examples beyond the textbook. As a guide each essay should be about a page in length. 'Simulation is important in the business world, please provide and briefly discuss a ..

  Determine whether an expatriates performance requirements

Select two (2) major criteria that you would use to appraise the performance of an expatriate. Determine whether an expatriate’s performance requirements should or should not match those of others within an organization and if management should rate ..

  Illustrates what kind of engineering saving is regal achieve

Illustrates what kind of engineering saving is regal achieving by using CAD technology rather than traditional drafting techniques.

  Fixed cost decrease and sales volume decrease

At the break even point of 400 units, variable cost were $400 and fixed costs were $200. how much will the 401st unit sold contribute to operating profit before income taxes? Break even would not change if : a) sales price increases, b) fixed cost de..

  Solve the rmc problem using the simplex method

Solve the RMC problem using the simplex method. At each iteration, locate the basic feasible solution found by the simplex method on the graph of the feasible region.

  Fully prevent such threats to your personal security

Is it possible for businesses such as these to fully prevent such threats to your personal security or are they fighting a losing battle?

  Discuss importance of employees and information technology

Discuss the importance of employees and information technology in the delivery of service quality. Use two examples of service firms to help support your discussion.

  Boost company credit rating

Which of the following is NOT an action that can help boost a company's credit rating? In answering this question, you may wish to consult the Help section for page 5 of the Camera & Drone Journal and read the discussion pertaining to The Credit Rati..

  Specific market issues related to price discrimination

All of the following are ways that specific market issues related to price discrimination can be effectively managed except:

  Use data warehouses and data marts to acquire data

Discusses the differences between data warehouses and data marts. Also, discuss how organizations can use data warehouses and data marts to acquire data.

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