Inventory management, Operation Management

Assignment Help:
The injection molding 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 50 gallons, which provides a stockout risk of 9 percent. What amount of safety stock would provide a stockout risk of 3 percent? Assume normality.

Related Discussions:- Inventory management

Explain lower control limits for mean and range charts, Determine upper and...

Determine upper and lower control limits for mean and range charts.

Travel charts and string diagrams, Travel Charts and String Diagrams T...

Travel Charts and String Diagrams The use of travel charts has already been described under facility layout (see figure on page 140). A string diagram (see figure below) is us

Logistics, suggested modification in enhancing logistics system

suggested modification in enhancing logistics system

Explain project supply and materials budget, Case 11-3 Budget the topic for...

Case 11-3 Budget the topic for this week's assignment is taken from our text (INF336 2010, Mcgraw-Hill) and refers to the City of Granston Case 11-3 at the end of Chapter 11. Using

Explain decision making under uncertainty, Even though independent gasoline...

Even though independent gasoline stations have been having a difficult time, Susan Helms has been thinking about starting her own independent gasoline station. Susan's problem is t

State you views about supply chain management, Q. State you views about sup...

Q. State you views about supply chain management? Strategies to attain greater integration of the supply chain through raw material to the eventual final sale and disposal of a

Explain introduce to a newly rebuilt world trade center, What types of chan...

What types of changes would you introduce to a newly rebuilt World Trade Center?

The central evaluation unit case study with answers, Summarize the problems...

Summarize the problems of the CEUPU process and suggestions you make to Veronique to improve her process

Write steps you would take to initiate the project, You are the project lea...

You are the project leader for organization your community's Fourth of July celebration parade this year. In previous years the parade has been well attended and a favourite commun

Explain features of canada''s labour relations system, Determine which feat...

Determine which features of Canada's labour relations system you would transfer to the U.S. if you could. Explain your rationale.

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