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NOP Bicycle Parts uses a periodic review inventory control system for one of its stock items. The review interval is 6 weeks, and the lead-time for receiving the materials ordered from its wholesaler is 3 weeks. Weekly demand is normally distributed, with a mean of 100 units and a standard deviation of 20 units.
a. What is 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 stockout protection?c. If 350 units were in stock at the time of a periodic review, how many units should be ordered?
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Over past week, plant has rendered an average of 7.3 tons per day because third shift has devoted much of ir time to preventive maintenance. Illustrate what is utilization of plant.
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A company is deciding if it should design an advertising system for use on Twitter. The first option is to skip out on designing, with no net costs or gains.
Quarter-inch stainless-steel bolts 1 ½ inches long are consumed in a factory at a fairly steady rate of 60 per week. Bolts cost plant 2 cents every. It cost plant $12 to initiate an order also holding costs are based on an annual interest rate of ..
In this assignment, you will need to think about the design, manufacture, and assembly of your laptop or desktop computer.
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