Using the fixed-time period inventory model

Assignment Help Operation Management

Reference no: EM13843224

Using the fixed? time period inventory model, and given an average daily demand of 15 units, 3 days between inventory reviews, 1 day for lead time, 30 units of inventory on hand, a service probability of 98 percent, and a standard deviation of daily demand is 3 units, which of the following is the order quantity?

Reference no: EM13843224

Questions Cloud

Difference between independent demand and dependent demand : What are the three inputs to MRP? Discuss the significance of each input to the MRP process. What are the major advantages of using MRP? What are the limitations of using MRP? Discuss the difference between independent demand and dependent demand. Wh..

What is short selling ? : What is short selling ?

Legality of programs and apps that block ads : What do you think about the availability / legality of programs and apps that block ads? Do you think that these should exist? How do you think businesses can overcome the existence of programs like AdBlock (such as with marketing strategies)

What will be the the loss value : 1500 FMV of silverware stolen from her Jane's home by a burglar on Oct. 12, 2014 , she had paid $14000 for the silverware in July 1,2005. She was reimburse $1500 by her insurance company. what will be the the loss value?

Using the fixed-time period inventory model : Using the fixed? time period inventory model, and given an average daily demand of 15 units, 3 days between inventory reviews, 1 day for lead time, 30 units of inventory on hand, a service probability of 98 percent, and a standard deviation of daily ..

Inc produces chairs and tables : Inc produces chairs and tables. The profit for a chair is $200 and the profit for a table is half as much as for a chair. The firm is limited by its total available labor hours and limits on each product. The total labor hours per week are 5,000. Cha..

Manufacturer guarantees that the tires : The wearout mileage of a Sparky All Whether is normally distributed with a mean of 25000 miles and a standard deviation of 2300 miles. If manufacturer guarantees that the tires last at least 23850 miles, what percentage of tires will live up to the..

Making part with an average weight : Consider a process that has been making a part with an average weight of 24.5 ounces and an average range of 1.2 ounces for groups of size 4. Suppose further that the workers have made an x?bar chart using groups of size 4.

The text presents three demand forecasting models : The text presents three demand forecasting models. The concept of collaborative planning, forecasting, and replenishment (CPFR) is also briefly presented. Discuss how these two concepts form just one aspect of a true integrated logistics process. Wha..

User Account

All Pages