PLEASE be sure to label answers.
Thank you.
Homework Answers
Average demand, d = 76 units per day
Std dev of demand, s = 4 units per day
Order interval, P = 11 days
Lead time, L = 1 day
Desired service level = 90%
z value = NORMSINV(0.90) = 1.28
Order upto level, T = d*(L+P)+z*s*sqrt(L+P)
= 76*(1+11)+1.28*4*sqrt(1+11)
= 930 units
Order quantity for each cycle = Order upto level - On hand Inventory
| Cycle | Units |
| 1 | 930 - 41 = 889 |
| 2 | 930 - 9 = 921 |
| 3 | 930 - 106 = 824 |
Add Answer to:
PLEASE be sure to label answers.
Thank you.
A drugstore uses fixed-order cycles for many of...
A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a...
A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of .98. The order interval is 10 days, and lead time is 2 days. Average demand for one item is 69 units per day, and the standard deviation of demand is 11 units per day. Given the on-hand inventory at the reorder time for each order cycle shown in the following table. Use Table. Cycle On Hand 1 44 2 10...
A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a...
A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of .99. The order interval is 12 days, and lead time is 4 days. Average demand for one item is 63 units per day, and the standard deviation of demand is 6 units per day. Given the on-hand inventory at the reorder time for each order cycle shown in the following table. Cycle On Hand 1 38 2 10 3 93 Determine...
last two of my answers are incorrect. please help! Problem 13-31 A drugstore uses fixed-order cycles...
last two of my answers are incorrect. please help!
Problem 13-31 A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of .98. The order interval is 11 days, and lead time is 3 days. Average demand for one item is 65 units per day. and the standard deviation of demand is 6 units per day. Given the on-hand inventory at the reorder time for each order cycle shown in the following...
9) Identify the appropriate inventory model to obtain the optimal lot size for the given problem...
9) Identify the appropriate inventory model to obtain the optimal lot size for the given problem description: A drugstore places an order every fourteen days for many of the items it stocks. The manager of the drugstore wants a service level of 98%. The replenishment lead-time is 2 days. Average demand for one specific item is normally distributed with a mean of 40 units per day, and the standard deviation of demand is 3 units per day. Select one: a....
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...
. the average demand for an item is 8 per day. The standard deviation of demand...
. the average demand for an item is 8 per day. The standard deviation of demand is 3 per day, and the order lead time is four days. The service level is 95%. What should be the reorder point be? a- 18 b- 24 c- 32 d- 38 E- 41
Please answer the following 4 questions based on the same problem: A small shop implemented a...
Please answer the following 4 questions based on the same problem: A small shop implemented a continuous review policy in managing its inventory with the given parameters for one item: Annual demand: 15,000 units Holding costs: 40% of purchase price per year. Landed purchase cost: $10 Setup cost: $75 per order Number of working days per calendar year: 250 Lead time: 3 days Required service level: 95% 1. Determine the reorder point, assuming no safety stock. Round your answer to...
PLEASE HELP ME WITH QUESTIONS 5 - 8 - 10 ! THANK YOU! Consider a basic...
PLEASE HELP ME WITH QUESTIONS 5 - 8 - 10 ! THANK YOU! Consider a basic economic order quantity (EOQ) model with the following characteristics: Item cost: $15 Item selling price: $20 Monthly demand: 500 units (constant) Annual holding cost: $1.35 per unit Cost per order: $18 Order lead time: 5 working days Firm's work year: 300 days (50 weeks @ 6 days per week) Safety stock: 15% of monthly demand For this problem, determine the values of: Question 1...
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices....
Southeastern Bell stocks a certain switch connector at its central warehouse for supplying field service offices. The yearly demand for these connectors is 15,300 units. Southeastern estimates its annual holding cost for this item to be $24 per unit. The cost to place and process an order from the supplier is $76. The company operates 300 days per year, and the lead time to receive an order from the supplier is 3 working days. a) Find the economic order quantity....
Q Model with Uncertain Demand A distributor of large appliances needs to determine the order quantities...
Q Model with Uncertain Demand A distributor of large appliances needs to determine the order quantities and reorder points for the various products it carries. The following data refer to a specific refrigerator in its product line: Cost to place an order $100/order Holding cost 10 percent of product cost per year Cost of refrigerator $500/unit Expected Annual demand 3650 units Standard deviation of daily demand 3 units Lead time 3 days Questions: Consider an even daily...
last two of my answers are incorrect. please help!
Problem 13-31 A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of .98. The order interval is 11 days, and lead time is 3 days. Average demand for one item is 65 units per day. and the standard deviation of demand is 6 units per day. Given the on-hand inventory at the reorder time for each order cycle shown in the following...
Most questions answered within 3 hours.
-
Where is the error in this code sequence?
String s1 = "Hello";
String s2 = "ello";...
asked 10 months ago -
Financial data for Joel de Paris, Inc., for last year
follow:
Joel de Paris, Inc.
Balance...
asked 10 months ago -
Consider this reaction:
Al2(SO4)3 (aq)+ BaCl3
(aq) Al2Cl6 (aq)- +
3BaSO4(s) . What is the...
asked 10 months ago -
Suppose that Savneet is considering increasing her
recent random sample from 20 car rentals to 40...
asked 10 months ago -
Trucks arrive at an unloading terminal at an average rate of 120
per hour.
Trucks arrive...
asked 10 months ago -
Why are methanol and ethanol completely soluble in water while
octanol is not very little soluble....
asked 10 months ago -
A facilities manager at a university reads in a research report
that the mean amount of...
asked 10 months ago -
When the CuSO4 is rehydrated by adding water to the anhydrous
compound, is this an endothermic...
asked 10 months ago -
A ray of sunlight is passing from diamond into crown glass; the
angle of incidence is...
asked 10 months ago -
A block of mass 0.249 kg is placed on top of a light, vertical
spring of...
asked 10 months ago -
how do the kidneys compensate in the presences of acidosis
a) trigger hyperventilate
b) reserve acid...
asked 10 months ago -
Question 501 pts
The rental rate of capital to the firm increases. Which of the
following...
asked 10 months ago