What is the safety stock and reorder point

Assignment Help Business Management
Reference no: EM131862885

Question: The daily demand of a product can be specified by a normal distribution. The average daily demand is 250 units with a standard deviation of 40 units. The order lead time for this product is also normally distributed with an average of 10 days and a standard deviation of 3 days. What is the safety stock and reorder point for a 95 percent in-stock probability?

Reference no: EM131862885

Questions Cloud

How your selected waste materials and fossil fuels affect : Explain how your selected waste materials and fossil fuels affect biological diversity in the environment.
Prepare an analysis to calculate the average cost of capital : Calculate the company's weighted average cost of capital. Use the dividend discount model. Show calculations in Microsoft Word.
What is the expectation as to when the call will be returned : If a customer service person indicates that they will get back to you about a complaint or whatever the case may be, what is the expectation.
Discuss the aspects of chemical flocculation process design : Discuss the aspects of a chemical flocculation process design that must be considered during the engineering process.
What is the safety stock and reorder point : The daily demand of a product can be specified by a normal distribution. The average daily demand is 250 units with a standard deviation of 40 units.
Discuss type of business organization to limit the liability : Using THREE of the seven factors as discussed in class (liability, taxation, financing, management, liquidity, formalities, and life of business).
Design a business card for you : Go to any of the on-line business card supply companies and use their design templates OR design your own. Take a screen shot of your design for submittal.
What is the setup time of the cutting process : A cutting machine takes 10 minutes to cut a piece of component for a product. After cutting 200 pieces, the machine takes 5 minutes to be recalibrated.
Write a business leter about the given organization : You work for a company1 whose mission is to offer advice to college students who are considering their career options.

Reviews

Write a Review

Business Management Questions & Answers

  Labor mobility between countries a and b

This question concerns labor mobility between countries A and B. a. Say that country A's MPL = -L + 10 and country B's MPL = 2L + 1. What would be the optimal amount of L? Note: country B's MPL is written in terms of the coordinates of country A.

  Mirr using the discounted approach

TL Lumber is evaluating a project with cash flows of -$12,800, $7,400, $11,600, and -$3,200 for years 0 to 3, respectively. Given an interest rate of 8 percent, what is the MIRR using the discounted approach?

  Consequence of being fired

One of the questions that we face is whether employees have a right to free speech when blogging, without the consequence of being fired.  Consider the following article:

  Write persuasive message to manager

During the recent economic downturn, Omni Hotels looked for ways to slice expenses. Omni operates 43 luxury hotels and resorts in leading business gateways and leisure destinations across North America. From exceptional golf and spa retreats to dynam..

  Leading manufacturer of electrical components

The manager of Master Products Ltd., a leading manufacturer of electrical components, instructed Tarun, Shreya, Aparna, and Sheila, who all worked together, to teach each other their job skills to be more effective. What is this called?

  Components of consumption spending

According to the Keynesian model, what are the two components of consumption spending? What factors determine how consumption changes when real disposable income changes? Explain.

  Communication across genders

Communication Across Genders Please study communication across genders. Apply the following guidelines in ALL of your assignments:

  Calculating the ex-post real interest rate

Using the following data provided, how does one go about calculating the ex-post real interest rate for a given period? For example, what would be the ex post real interest rate between March of 1984 and March of 1985?

  Identify the leadership behaviors

Select the basic values that will provide the foundation of your model and identify the leadership behaviors that will result from those values.

  Business continuity plan in place

1. Why is it important for organizations to have a business continuity plan in place? 2. Why is important for organizations to have a disaster recovery plan?

  New technologies a sociocultural phenomenon

How are purchases of new technologies a sociocultural phenomenon? How does their consumption create place-specific identities?

  Information detailing origin and history of object

When selling antiques, you can usually obtain a higher price for those that have a provenance, which is information detailing the origin and history of the object. For example, the property owned by Jacqueline Kennedy Onassis and Princess Diana so..

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