Explain safety stock would provide a stock out risk, Operation Management

Assignment Help:

The injection moulding department of a company uses an average of 30 gallons of special lubricant a day. The supply of the lubricant is replenished when the amount on hand is 170 gallons. It takes four days for an order to be delivered. Safety stock is 65 gallons, which provides a stock out risk of 9 percent. What amount of safety stock would provide a stock out risk of 3 percent? Assume normality.


Related Discussions:- Explain safety stock would provide a stock out risk

Explain what is corporate governance, What is corporate governance? What ro...

What is corporate governance? What role does corporate governance play in strategic planning? Why is it important? Explain your answer and provide an example.

Meaning and definition of production management, Meaning and Definition of ...

Meaning and Definition of Production Management Production management is a stream of management that is associated to the production function. Production might be termed to as th

Describe line and staff organisation, Describe line and staff organisation....

Describe line and staff organisation. Line and Staff Organisation: As the industry grow in size and complexity, the line executives could not perform appropriately all other

Explain upward communication, Explain Upward Communication. Upward Com...

Explain Upward Communication. Upward Communication: It moves in the form of feedback from subordinate to the superior.  It takes the forms of: - Reports through Subordinat

Explain project management is a strategic necessity, Project Management is ...

Project Management is a strategic necessity for the success of any business. Based on the reading in the chapters what do you think are the 5 most critical points in delivering suc

Explain various types of media that attracted your attention, List five adv...

List five advertisements from various types of media that attracted your attention. Discuss the characteristics that determined your selection

Describe decision making, Q1. What is SWOT Analysis.? Q2. Explain Decision ...

Q1. What is SWOT Analysis.? Q2. Explain Decision making.

Explain what is the reorder point, Joe Henry's machine shop uses 2500 brack...

Joe Henry's machine shop uses 2500 brackets during the course of a year. these brackets are purchased from a supplier 90 miles away. The following information is known about the br

Explain primarily used to help design products, Which of the following is p...

Which of the following is primarily used to help design products that will connect product attributes with customer desires?

Write Your Message!

Captcha
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