What is the resulting cycle service level

Assignment Help Operation Management

Reference no: EM131803511

Daily demand for an item is normally distributed with a mean of 200 and a standard deviation of 25. The lead time is 5 days.

a) If we desire a cycle service level of 98%, what is the reorder point?

b) If we set the reorder point to 1,100, what is the resulting cycle service level?

Reference no: EM131803511

Questions Cloud

Explain using irac-issue-rule-analysis and conclusion : Anthony makes a contract to sell a rare painting to Laura for $100,000. Explain using IRAC: Issue, Rule, Analysis, and Conclusion.

What is the net present value of the stream : What is the net present value of the stream if the opportunity cost of capital is 10%?

Cost estimation prior to the start of a project is vital : Cost estimation prior to the start of a project is vital.

Determine the probability that a unit will have empty queue : Determine the mean arrival rate and the mean service rate. Determine the probability that a unit will have an empty queue.

What is the resulting cycle service level : Daily demand for an item is normally distributed with a mean of 200 and a standard deviation of 25. what is the resulting cycle service level?

Example of a cost of quality : For an automobile manufacturer, each of the following below is an example of a cost of quality

Southwest airlines external environments : Analysis of SOUTHWEST AIRLINES external environments,

Marketing information systems-measuring marketing activities : B2B Marketing, Marketing Information Systems and Measuring Marketing Activities

Failure is the price we pay for technological advancement : How could risk management have aided in the development of the Comet? Comment on this statement: "Failure is the price we pay for technological advancement."

User Account

All Pages