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 contribute toward building a more ethical environment, How can you c...

How can you contribute toward building a more ethical environment?

Explain the first step in the process is idle, A bottleneck is an operation...

A bottleneck is an operation that has the lowest effective capacity of any operation in the process. TRUE/FALSE. Write 'T' if the statement is true and 'F' if the statement i

Explain financial ratios, Analyze the 12 financial ratios and determine whi...

Analyze the 12 financial ratios and determine which is the most useful to the greatest number of small businesses. Explain your rationale

Define how communicate this decision to your employees, Case Study: Social ...

Case Study: Social Media Policies, Concerted Activity and HR Management In the last few years, companies have begun initiating and implementing Social Media policies for their e

What are the operation management decisions would need, What operation mana...

What operation management decisions would need to be made to change wheeled coach repetitive focus strategy to: a. process focused? b. product focused?

From-to travel charts, kindly explain how calculations are done

kindly explain how calculations are done

Explain hides the information from the other side, Research suggests that a...

Research suggests that a party with an attractive BATNA will likely receive a more positive outcome if it hides the information from the other side.

What are the disadvantages of ethical relativism, What are some of the adva...

What are some of the advantages and disadvantages of ethical relativism as an ethical philosophy for business managers? Do you agree with the basic "relativism" rationale justifyin

Explain abilities and personalities, 1. Using the terms from this chapter, ...

1. Using the terms from this chapter, how would you characterize the teams at ICU Medical Inc.? What are some advantages and disadvantages of giving teams a lot of autonomy to make

Explain maintain a relationship with her local bank, Should Marrone use her...

Should Marrone use her Internet financing source exclusively, or should she maintain a relationship with her local bank commercial loan officer? Why or why not?

Write Your Message!

Name

Email id

Message

Verfication Code

User Account

All Pages