Homework Answers
The correct answer is 0 units
Explanation : - There is no demand uncertainty because the standard deviation of demand is zero and hence no safety is required. If there was an uncertainty in demand then only safety stock is required.
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What is a reasonable safety stock level for Item-A1234 in order to achieve a 99% service...
7.1 It is reasonable to assume that demand over its replenishment lead time of an item, ISF-086, is nor- mally distributed with x, 20 units and ơ.-4.2 units. a. For a desired service level of P 0...
7.1 It is reasonable to assume that demand over its replenishment lead time of an item, ISF-086, is nor- mally distributed with x, 20 units and ơ.-4.2 units. a. For a desired service level of P 0.90, compute the required safety factor, safety stock, and reor- der point. b. Repeat for P 0.94, 0.98, and 0.999 c. Prepare a rough sketch of safety stock versus P Is the curve linear? Discuss.
7.1 It is reasonable to assume that demand over...
a. How much safety stock provides a 95% service level to Thomas? b. What should the...
a. How much safety stock provides a 95% service level to Thomas? b. What should the reorder point be? Question (3 The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D 600 units, S $20/order and I = 30% of item price. Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost? Quantity Price 1 to 49 50 to 249...
please don't copy off other experts, they all vary Safety (buffer) stock-Service level A wholesaler's computer...
please don't copy off other experts, they all vary
Safety (buffer) stock-Service level A wholesaler's computer records show the following information for one of the items in its inventory : Mean Monthly Demand equals 9,000 Standard deviation of demand was 800 for a two month time period Replenishment lead time was 2 months If the desired service level is 98 % , then what is the statistical safety stock ? What is the reorder point ? Would the nature of...
A firm stocks a certain item, which is managed on a continuous review basis. Demand averages...
A firm stocks a certain item, which is managed on a continuous review basis. Demand averages 230 units per day with a standard deviation of 45 units per day. Lead time is fixed at 10 day. If the firm sets the reorder point to 2400 units, the cycle-service level will be approximately?? (round down Z to 2 decimal places, and use normal distbn table). ROP = (Avg. Daily Demand rate * lead time) + safety stock Safety stock = Z...
Using the reorder level-order quantity model, and assuming a safety stock of 800, what is the...
Using the reorder level-order quantity model, and assuming a safety stock of 800, what is the re-order point (R) given a daily demand of 300 units, a lead time of 5 days? 300 800 1500 2300 1100 Which of the following basic types of process structures needs to keep inventory of work-in-process component parts? Assemble to Order Make to Stock O None of the above Make to Order Engineer to Order Suppose a call center has one agent answering the...
Cooper Company has average demand of during lead time is 20 units Te item costs S75...
Cooper Company has average demand of during lead time is 20 units Te item costs S75 and inventory carrying cost is 24%, S0 units per day. Lead time from the supplier averages 20 days. The combined standard devlation of demand Use the following information to answer the question that follows 1 standard deviation covers 84.13% 1.04 standard deviations covers 85% 1.28 standard deviations covers 90% 1.65 standard deviations covers 95% 1.96 standard deviations covers 97.5% 2 standard deviations covers 97.72%...
OPS Practice quiz 2. The benefits of risk pooling depend on the behavior of demand from...
OPS Practice quiz 2. The benefits of risk pooling depend on the behavior of demand from one market relative to demand from another. True False 3. What is Supply Chain Management? A set of approaches utilized to efficiently integrate suppliers, manufacturers, warehouses and stores so that merchandize is produced, distributed at the right quantities, to the right locations and at the right time in order to minimize system wide costs while satisfying service level requirements. The management of the flow...
Please help with this problem. Solution: Show your your analysis in organized schedules as much as...
Please help with this problem.
Solution: Show your your analysis in organized schedules as much as possible. A schedule for completing Requirement #1 is provided for you. Be sure to properly link cells and use formulas where applicable. Requirement 1: Scenario 1 Scenario 2 Scenario 3 Current Year $35.00 43,000 4 Problem B (26 points): 5 Block Ltd makes BLOCKS. Their pre-tax income and their margin of safety have both been low 6 compared to the levels the company would...
anyone who understands advanced math, please help! 13 The graph below approximates the rate of change...
anyone who understands advanced math, please help!
13 The graph below approximates the rate of change of the price of tomatoes over a 60-month period, where p(t) is the price of a pound of tomatoes and is time (in months). 14 15 16 17 18 19 20 21 22 23 0.07 0.06 p'(t) 0.05 0 15 24 0.04 30 0.06 0 -0.02 0 0.06 25 26 27 0.03 45 p'(t) (dollars per month) 0.02 60 0.01 28 0 0 10...
The price to earnings ratio (P/E) is an important tool in financial work. A random sample...
The price to earnings ratio (P/E) is an important tool in financial work. A random sample of 14 large U.S. banks (J. P. Morgan, Bank of America, and others) gave the following P/E ratios.† 24 16 22 14 12 13 17 22 15 19 23 13 11 18 The sample mean is x ≈ 17.1. Generally speaking, a low P/E ratio indicates a "value" or bargain stock. Suppose a recent copy of a magazine indicated that the P/E ratio of...
7.1 It is reasonable to assume that demand over its replenishment lead time of an item, ISF-086, is nor- mally distributed with x, 20 units and ơ.-4.2 units. a. For a desired service level of P 0.90, compute the required safety factor, safety stock, and reor- der point. b. Repeat for P 0.94, 0.98, and 0.999 c. Prepare a rough sketch of safety stock versus P Is the curve linear? Discuss.
7.1 It is reasonable to assume that demand over...
a. How much safety stock provides a 95% service level to Thomas? b. What should the reorder point be? Question (3 The annual demand, ordering cost, and the inventory carrying cost rate for a certain item are D 600 units, S $20/order and I = 30% of item price. Price is established by the following quantity discount schedule. What should the order quantity be in order to minimize the total annual cost? Quantity Price 1 to 49 50 to 249...
please don't copy off other experts, they all vary
Safety (buffer) stock-Service level A wholesaler's computer records show the following information for one of the items in its inventory : Mean Monthly Demand equals 9,000 Standard deviation of demand was 800 for a two month time period Replenishment lead time was 2 months If the desired service level is 98 % , then what is the statistical safety stock ? What is the reorder point ? Would the nature of...
Using the reorder level-order quantity model, and assuming a safety stock of 800, what is the re-order point (R) given a daily demand of 300 units, a lead time of 5 days? 300 800 1500 2300 1100 Which of the following basic types of process structures needs to keep inventory of work-in-process component parts? Assemble to Order Make to Stock O None of the above Make to Order Engineer to Order Suppose a call center has one agent answering the...
Cooper Company has average demand of during lead time is 20 units Te item costs S75 and inventory carrying cost is 24%, S0 units per day. Lead time from the supplier averages 20 days. The combined standard devlation of demand Use the following information to answer the question that follows 1 standard deviation covers 84.13% 1.04 standard deviations covers 85% 1.28 standard deviations covers 90% 1.65 standard deviations covers 95% 1.96 standard deviations covers 97.5% 2 standard deviations covers 97.72%...
Please help with this problem.
Solution: Show your your analysis in organized schedules as much as possible. A schedule for completing Requirement #1 is provided for you. Be sure to properly link cells and use formulas where applicable. Requirement 1: Scenario 1 Scenario 2 Scenario 3 Current Year $35.00 43,000 4 Problem B (26 points): 5 Block Ltd makes BLOCKS. Their pre-tax income and their margin of safety have both been low 6 compared to the levels the company would...
anyone who understands advanced math, please help!
13 The graph below approximates the rate of change of the price of tomatoes over a 60-month period, where p(t) is the price of a pound of tomatoes and is time (in months). 14 15 16 17 18 19 20 21 22 23 0.07 0.06 p'(t) 0.05 0 15 24 0.04 30 0.06 0 -0.02 0 0.06 25 26 27 0.03 45 p'(t) (dollars per month) 0.02 60 0.01 28 0 0 10...
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