Explain the rop that will provide a risk of stockout, Operation Management

Assignment Help:

Given this information

Expected demand during lead time = 300 units

Standard deviation of lead time demand = 30 units

Determine each of the following, assuming that lead time demand is distributed normally

a. The ROP that will provide a risk of stockout of 1 percent during lead time. (Round your answer to the nearest whole number.)

b. The safety stock needed to attain a 1 percent risk of stockout during lead time. (Round your answer to the nearest whole number.)

Related Discussions:- Explain the rop that will provide a risk of stockout

Define the upside for michelle foster if ncy succeeds, What is the upside f...

What is the upside for Michelle Foster if NCY succeeds? What are the professional risks she faces?

Work study, techniques & applicationa

techniques & applicationa

Explain how many items need to be counted each day, Howard Electronics, a s...

Howard Electronics, a small manufacturer of electronic research equipment, has approximately 7,000 items in its inventory and has hired Joan Blasco-Paul to manage its inventory. Jo

Explain appropriate levels of control for their inventory, Hatten (2009) st...

Hatten (2009) stated, because inventory is such a significant expense, most businesses look carefully for ways to determine the appropriate levels of control for their inventory. H

Transforming inputs into outputs - productivity measures, Transforming Inpu...

Transforming Inputs into Outputs - Productivity Measures As will become clearer during the course of this chapter, a more quantitative definition of productivity cannot easily

How do the stop process enter into the planning process, How does the stop ...

How does the stop process enter into the planning process?

Prouction n operation management, Q3. What do you understand by “line balan...

Q3. What do you understand by “line balancing”? What happens if balance doesn’t exist?

Explain the manager would prefer ordering, A food processor uses approximat...

A food processor uses approximately 29,730 glass jars a month for its fruit juice product. Because of storage limitations, a lot size of 4,000 jars has been used. Monthly holding c

Explain type of research design, Which type of research design - explorator...

Which type of research design - exploratory, descriptive, or casual - is appropriate for the following examples? Explain why? Cosmopolitan magazine sends out a cover in selected ma

Describe the problems of homelessness, Explain the problems of homelessness...

Explain the problems of homelessness based upon the developmental, situational, and human needs perspectives, what make a person become homeless, when they are well educated and no

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages