Describe what these two service level mean, Operation Management

Assignment Help:

A cigar company stocks Cuban cigars that have variable lead times because of the difficulty in importing the product. Lead time is normally distributed with an average of 6 weeks and a standard deviation of 2 weeks. Average demand is also normally distributed with a mean of 200 cigars per week and a standard deviation of 25 cigars. a. For a 98% service level, what is the ROP? b. What is the ROP for a 90% service level? c. Explain what these two service level mean. Which is preferable?

Related Discussions:- Describe what these two service level mean

Explain cultural differences between chin and google, Google, the company w...

Google, the company with the mission to make the worlds information universally accessible has come under fire with its re-launch of Google-China. It seems that the lure of the sec

Explain after a risk workshop has been completed, After a risk workshop has...

After a risk workshop has been completed, risk interviews are often completed with subject matter experts. Assess the value of the interviews to identify risk response strategies.

Approaches to expanding long term capacity, Approaches to Expanding long te...

Approaches to Expanding long term Capacity There are two major approaches to expanding the long term capacity viz. All at once and Building a capacity increm

Traditional accounting based measurements, Traditional Accounting Based Mea...

Traditional Accounting Based Measurements and Their Limitations Neely (1999) suggests that traditional financial measures of performance are criticised because they:

Compute the expcted inflation rates for each year, The Fed is concerned wit...

The Fed is concerned with interest rate levels and the possibilitiy of inflation. Given the gollowing information, calculate the expected inflation premiums over hte next three yea

Explain risks associated with the globalization, Are there any risks associ...

Are there any risks associated with the globalization of health care? Can these risks be mitigated? How

Describe the ethics of continuing to do business, Assume you are a manager ...

Assume you are a manager of a large heavy equipment manufacturing company. Your company currently outsources the manufacturing of a specialized piece of equipment to a firm in anot

Explain the effectiveness of southwest airlines, "Southwest Airlines" Pleas...

"Southwest Airlines" Please respond to the following: • Evaluate the effectiveness of Southwest Airlines execution of its low-cost / low-price / no-frills strategy to the busine

Explain distinction between feasibility and acceptability, Remind yourself ...

Remind yourself of the distinction between feasibility, acceptability and vulnerability discussed. Evaluate both technologies using these criteria.

Attitudes as well bargaining behaviours of the participants, Do you think t...

Do you think the attitudes and bargaining behaviours of the participants in collective bargaining negotiations are more or less important in the final outcome than economic conditi

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages