Homework Answers
1.64
When stockout risk is 5%, the stock-in probability is 95% or 0.95. Using the standard normal table, the value of z corresponding to 0.95 is approximately 1.64
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Reorder Point (ROP) models compute the amount of safety stock required in ordering a fixed replenishment...
Compute the safety stock (S.S.) and reorder point (ROP) for the following situation: Annual Demand =...
Compute the safety stock (S.S.) and reorder point (ROP) for the following situation: Annual Demand = 6570 units Unit Price = $11 and no quantity discounts Ordering Cost = $25/order Holding Cost = $1.50/unit Lead Time = 5 days Desired Customer Service Level = 97.5% Assume 365 days/year and that demand and lead time are constant. Safety Stock = 10; ROP = 90 Safety Stock = 0; ROP = 90 Safety Stock = 5; ROP = 150 Safety Stock =...
Mr. Smith runs a world-food wholesale store in Nottingham. One of the items he orders from the Far East is Sriracha hot sauce. Every pack costs £10 and requires a six-month lead time for replenishment...
Mr. Smith runs a world-food wholesale store in Nottingham. One of the items he orders from the Far East is Sriracha hot sauce. Every pack costs £10 and requires a six-month lead time for replenishment. Mr. Smith uses a 20% annual interest rate to compute holding costs. Estimated ordering cost is £50. During the six-month replenishment lead time, Mr. Smith estimates that he sells an average of 100 packs of sauce, but there is substantial variation from one six-month period...
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...
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 read instructions on the first picture and follow it Discussion Board: Chapter 1 Due: Jun...
please read instructions on the first picture and follow
it
Discussion Board: Chapter 1 Due: Jun 28, 2019 at 11:59 PM Please read the article titled Evolution of Operations Planning and Control: from production to supply chains In at least three paragraphs, describe how and why the focus of operations planning and control has changed over time. While one might argue that answers consisting of sentences quoted from articles do not represent plagiarism, I do not consider them acceptable, and...
please read instructions on the first picture and follow it Discussion Board: Chapter 1 Due: Jun...
please read instructions on the first picture and follow
it
Discussion Board: Chapter 1 Due: Jun 28, 2019 at 11:59 PM Please read the article titled Evolution of Operations Planning and Control: from production to supply chains In at least three paragraphs, describe how and why the focus of operations planning and control has changed over time. While one might argue that answers consisting of sentences quoted from articles do not represent plagiarism, I do not consider them acceptable, and...
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...
please read instructions on the first picture and follow
it
Discussion Board: Chapter 1 Due: Jun 28, 2019 at 11:59 PM Please read the article titled Evolution of Operations Planning and Control: from production to supply chains In at least three paragraphs, describe how and why the focus of operations planning and control has changed over time. While one might argue that answers consisting of sentences quoted from articles do not represent plagiarism, I do not consider them acceptable, and...
please read instructions on the first picture and follow
it
Discussion Board: Chapter 1 Due: Jun 28, 2019 at 11:59 PM Please read the article titled Evolution of Operations Planning and Control: from production to supply chains In at least three paragraphs, describe how and why the focus of operations planning and control has changed over time. While one might argue that answers consisting of sentences quoted from articles do not represent plagiarism, I do not consider them acceptable, and...
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