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

Multi-skill staff and multipurpose machinery flexible, How are multi-skill ...

How are multi-skill staff and multipurpose machinery flexible? Multi skilled operatives permit greater flexibility and economies of scope. For example quite than just being a m

Describe leadership training and development, Training and Development -Sug...

Training and Development -Suggestions on how to write 1. Internet appeal how would you go about do that for fundraising 2 Print Advertisement 3. Special Events

Define what should hr do about the older workers, What do companies have to...

What do companies have to do about their workforce force that has gotten older and there are not of younger to replace the aging workers? What will be the company best course of ac

Product layout - disconnected flow, Product Layout - Disconnected Flow ...

Product Layout - Disconnected Flow any products or components (eg toys, shoes, many electronic components) are required in volumes which do not justify continuous operation,

Explain what are the pros and cons of the control system, What kind of cont...

What kind of control systems are being used to measure the performance of hospitals and their different kinds of employees such as doctors and nurses? What are the pros and cons

Explain objectives and applicability of Factories Act 1948, Explain objecti...

Explain objectives and applicability of Factories Act 1948 . Objectives and Applicability: The Factories Act controls the conditions of work (health and safety) in factories

Compute the composite rating-weighted average, A location analysis for Temp...

A location analysis for Temponi Controls, a small manufacturer of parts for high-technology cable systems, has been narrowed down to four locations. Temponi will need to train asse

Explain employee involvement will improve decision making, As OB practition...

As OB practitioners we know that emotions form preferences before we consciously evaluate those choices and this impacts the quality of the decisions made at the company. The presi

The Strategic Significance of Design, What is the strategic significance of...

What is the strategic significance of Design in operations management?

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