What is the total safety stock precious things holds

Assignment Help Operation Management

Reference no: EM13968140

Precious Things owns and operates 100 stores across the country. One of the products it sells is an alarm clock engraved with different words. There are three types of words: “Aggies”, “TAMU”, and “The 12th Man”. The weekly demand for the clock with each word is normally distributed with mean of 5 and standard deviation of 5 at each store. Assume demands are independent across stores and across three types. Inventory is replenished directly from vendors and the lead time is 10 weeks. Each store reviews its inventory every 26 weeks and wants 95% service level (corresponding z = 1.95).

Manager at College Station store finds that there are 25 clocks with word “Aggies” in her store from a recent inventory review. How many clocks with word “Aggies” should she order using P-model?

What is the total safety stock Precious Things holds for the clock with word “Aggies”?

Reference no: EM13968140

Questions Cloud

A forecaster uses weighted moving average with weights : A forecaster uses weighted moving average with weights .20, .30, and .50. If the demand of March, April and May were 200, 220, 230, what would he forecast demand for June?

Utilizing the marketing plan grading rubric : Utilizing the “Marketing Plan Grading Rubric” uploaded on the front EO page, plan to do your marketing plan. Please note that this is not a rubric for a "complete" marketing plan but instead you should focus on these specific areas in the rubric for ..

Time required by susan for the tenth unit : By the tenth repetition trainees must be able to complete the assembly task in 1 hour or less. Susan sweaney has just spent 7 hours on the fourth unit and 5 hours completing her eighth unit, while another trainee, Julie Burgmeier, took 4 hours on the..

Decreases the inventory review cycle : Decreases the inventory review cycle to 13 weeks and push the vendor to reduce the lead time to 5 weeks. Keep the service level at each store the same (95%). What is the total safety stock Precious Things holds for clock with word “Aggies” if it choo..

What is the total safety stock precious things holds : Precious Things owns and operates 100 stores across the country. One of the products it sells is an alarm clock engraved with different words. There are three types of words: “Aggies”, “TAMU”, and “The 12th Man”. How many clocks with word “Aggies” sh..

Supporters of tort reform say its unfair that plaintiffs : Supporters of tort reform say it's unfair that plaintiffs (the parties bringing lawsuits) don't have to pay damages to the defendants (the parties subject to the lawsuits) if they lose the case. Should plaintiffs pay damages if they lose a case? Why ..

Legal compliance with federal employment laws : Discuss the importance of legal compliance with federal employment laws and regulations as well as ethical issues that govern appraisals and performance management. Provide examples.

Define locus of control and self-esteem-self-efficacy : Define locus of control, self-efficacy, and self-esteem. Explain how a manager might deal with each of these personality traits at work. Describe how you would rate yourself on each of these dimensions, and explain why.

User Account

All Pages