Question

1. Kooyman hardware sells 32 different types of drills. They had demand for 26 of the drills and satisfied 84 percent of the demand.

Find the fill rate. __________%

2. Kooyman hardware sells 32 different types of drills. They had demand for 26 of the drills and satisfied 84 percent of the demand.

Find the out-of-stock probability. ______%

3. Kooyman hardware sells 21 different types of drills. They had demand for all types of drills they sell, but only had 100% inventory to satisfy 6 of the drills. For the remaining 15 drills, they could satisfy 82 percent of the demand.

Find the Out-of-Stock probability. _____%

4.Kooyman hardware sells 32 different types of drills. They had demand for 26 of the drills and satisfied 84 percent of the demand.

Find the in-stock probability. _____%

5. Kooyman hardware sells 30 different types of drills. They had demand for all types of drills they sell, but only had 100% inventory to satisfy 6 of the drills. For the remaining 24 drills, they could satisfy 80 percent of the demand.

Find the in-stock probability. _____%

Answer 1

1

Fill rate = Total orders that could be satisfied / Total Orders

Or Fill rate = {number of drill with 100% inventory * 100% + number of drill with 82% inventory * 82%}/ Total number of drills

Where,

Number of drill with 100% inventory = 6 (considering we dont have that data)

Number of drill with 84% inventory = 26

Total number of drills = 32

Therefore,

Fill rate = {6 * 100% + 26 * 84%}/32

= (6 + 21.84) / 32 = 0.87 or 87%

Therefore, the fill rate is 87%

as per HOMEWORKLIB RULES, can only do 1 question, please others as separate questions