Homework Answers
Safety stock = Z * standard deviation
Z = 1.28 (from standard normal table)
Standard deviation = 15 TVs
Safety stock = 1.28 * 15 = 19.2
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Demand during lead time for one brand of TV is normally distributed with a mean of...
Based on available information, lead time demand for PC jump drives averages 53 units (normally distributed),...
Based on available information, lead time demand for PC jump
drives averages 53 units (normally distributed), with a standard
deviation of 5 drives. Management wants a 95%
service level. Refer to the standard normal table for
z-values.
a) What value of Z should be applied?
(1.04/1.28/2.06/1.65)
b) How many drives should be carried as safety stock?
__________ units (round your response to the nearest whole
number).
c) What is the appropriate reorder point? __________ units
(round your response to the...
The demand for an electronic component is normally distributed with an average demand during lead time...
The demand for an electronic component is normally distributed with an average demand during lead time of 4500 units and a standard deviation of 150. If a service level of 95% is desired, then the company’s safety stock for this component is approximately? A) 150 units. B) 247 units. C) 336 units. D) 740 units.
) The demand during the lead time is normally distributed with a méan of 40 and...
) The demand during the lead time is normally distributed with a méan of 40 and a standard deviation of 4. If they have calculated a reorder point of 46.60 units, what service level are they assuming? 9505 Service leve 2) The annual demand for a product has been projected at 2,000 units. This demand is assumed constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent purchase cost. The purchase cost...
13.38. Kelly's Tavern serves Shamrock draft beer to its customers The daily demand for beer is normally distrib...
13.38. Kelly's Tavern serves Shamrock draft beer to its customers The daily demand for beer is normally distributed, with an average of 20 gallons and a standard deviation of 4 gallons. The lead time re- quired to receive an order of beer from the local distributor is 12 days. Determine the safety stock and reorder point if the restaurant wants to maintain a 90% service level. What would be the increase in the safety stock if a 95% service level...
Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing...
Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 8 weeks and a standard deviation of 2 weeks. Demand is also a variable and normally distributed with a mean of 200 cigars per week and a standard deviation of 23 cigars. Refer to the standard normal table for z-values This exercise contains only parts a and b a) For a 97% service...
Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing...
Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 7 weeks and a standard deviation of 3 weeks. Demand is also a variable and normally distributed with a mean of 200 cigars per week and a standard deviation of 22 cigars. Refer to the standard normal table for z-values. This exercise contains only parts a and b. a) For a 96% service...
Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean...
Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. If...
The ANSWERS above for my problems are correct. I need someone to please show work for...
The ANSWERS above for my problems are correct. I need
someone to please show work for them so I can understand how to do
them! Thanks!
Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 65 (and was normally distributed). Furthermore, the standard deviation for BX-5 was 8. Ms. Flynn would like to maintain a 90% service level. Refer to the standard normal table...
Chicago's Hard Rock Hotel distributes a mean of 1,200 bath towels per day to guests at...
Chicago's Hard Rock Hotel distributes a mean of 1,200 bath towels per day to guests at the pool and in their rooms. This demand is normally distributed with a standard deviation of 95 towels per day, based on occupancy. The laundry firm that has the linen contract requires a 4-day lead time. The hotel expects a 99% service level to satisfy high guest expectations. Refer to the standard normal table for z-values. a) What is the reorder point? ___towels (round...
If daily demand is normally distributed with a mean of 15 and standard deviation of 5,...
If daily demand is normally distributed with a mean of 15 and standard deviation of 5, and lead time is constant at 4 days, a 90 percent service level (Z=1.29) will require how much safety stock? A. 7 units B. 10 units C. 13 units D. 16 units
Based on available information, lead time demand for PC jump
drives averages 53 units (normally distributed), with a standard
deviation of 5 drives. Management wants a 95%
service level. Refer to the standard normal table for
z-values.
a) What value of Z should be applied?
(1.04/1.28/2.06/1.65)
b) How many drives should be carried as safety stock?
__________ units (round your response to the nearest whole
number).
c) What is the appropriate reorder point? __________ units
(round your response to the...
) The demand during the lead time is normally distributed with a méan of 40 and a standard deviation of 4. If they have calculated a reorder point of 46.60 units, what service level are they assuming? 9505 Service leve 2) The annual demand for a product has been projected at 2,000 units. This demand is assumed constant throughout the year. The ordering cost is $20 per order, and the holding cost is 20 percent purchase cost. The purchase cost...
13.38. Kelly's Tavern serves Shamrock draft beer to its customers The daily demand for beer is normally distributed, with an average of 20 gallons and a standard deviation of 4 gallons. The lead time re- quired to receive an order of beer from the local distributor is 12 days. Determine the safety stock and reorder point if the restaurant wants to maintain a 90% service level. What would be the increase in the safety stock if a 95% service level...
Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 8 weeks and a standard deviation of 2 weeks. Demand is also a variable and normally distributed with a mean of 200 cigars per week and a standard deviation of 23 cigars. Refer to the standard normal table for z-values This exercise contains only parts a and b a) For a 97% service...
Gainesville Cigar stocks Cuban cigars that have variable lead times because of the difficulty in importing the product: Lead time is normally distributed with an average of 7 weeks and a standard deviation of 3 weeks. Demand is also a variable and normally distributed with a mean of 200 cigars per week and a standard deviation of 22 cigars. Refer to the standard normal table for z-values. This exercise contains only parts a and b. a) For a 96% service...
Same problem statement: Weekly demand for DVD-Rs at a retailer is normally distributed with a mean of 1,000 boxes and a standard deviation of 150. Currently, the store places orders to the supplier, with a reorder point of 4,200 boxes. The order quantity to the supplier is fixed at 5,000 boxes. Replenishment lead time is 4 weeks, fixed order cost per order is $100, each box costs the retailer $10, and the inventory holding cost is 25% per year. If...
The ANSWERS above for my problems are correct. I need
someone to please show work for them so I can understand how to do
them! Thanks!
Barbara Flynn is in charge of maintaining hospital supplies at General Hospital. During the past year, the mean lead time demand for bandage BX-5 was 65 (and was normally distributed). Furthermore, the standard deviation for BX-5 was 8. Ms. Flynn would like to maintain a 90% service level. Refer to the standard normal table...
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