Why the production manager is asked to reduce the safety, Operation Management

Assignment Help:

The annual demand for a product is 15,600 units. The weekly demand is 300 units with a standard deviation of 90 units. The cost to place an order is $31.20, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit. Find the reorder point necessary to provide a 98% service probability.

Suppose the production manager is asked to reduce the safety stock of this item by 50%. If she does so, what will the new service probability be?

 


Related Discussions:- Why the production manager is asked to reduce the safety

Scope overview as well business case sections of the project, The scope ove...

The scope overview and business case sections of the project charter provide the high-level "what and why" of the project

Economic order quantity, The Warehouse Company supplies spare parts for its...

The Warehouse Company supplies spare parts for its two plants, Plant A and PlantB. Plant A and Plant B do not have any significant storage space. Hence you want carryminimum possib

Explain nlra rules regarding union, How does the law regarding union recogn...

How does the law regarding union recognition for public employees in the state of Florida compare with the NLRA rules regarding union recognition for private-sector employees?

Compute the service to club members as well as casual flyers, Evaluate the ...

Evaluate the service to club members and casual flyers by completing a table similar to table 3.1 (see page 70 Operations Management 6xth Edition Nigel Slack)

Explain manufacturing and service processes using queuing, Briefly compare ...

Briefly compare and contrast the manufacturing and service processes using queuing and assembly lines as your items to compare and contrast

Explain car lots wants to enforce the contract, Wally and Beaver were gener...

Wally and Beaver were general partners in a car dealership. Using the partnership name, Wally entered into a contract to purchase 30 used cars from Car Lots. Car Lots was not aware

Management, explain the evolution of the subject operation management over ...

explain the evolution of the subject operation management over time

How technology is creating employer or employee rights, Give some examples ...

Give some examples of how technology is creating employer/employee rights and policy issues. Then suggest some possible actions that may be needed

Heterogeneity and intangibility of service products, Heterogeneity and Inta...

Heterogeneity and Intangibility of Service Products Heterogeneity  Service may be variable, difficult to standardise.  Intangibility of service products  Not ea

Explain decrease company profits and increases in wages, Labour relations g...

Labour relations goals for management include: Answer (1) increase company profits, and limit decreases in employee wages and benefits. (2) Decrease company profits, and limit incr

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