In a two-bin inventory system, the demand for 3-inch lag bolts during the 2-week lead time is
Question:
In a two-bin inventory system, the demand for 3-inch lag bolts during the 2-week lead time is normally distributed, with an average of 53 units per week. The standard deviation of weekly demand is 5 units.
a. What is the probability of demand exceeding the reorder point when the normal level in the second bin is set at 130 units?
b. What is the probability of demand exceeding the 130 units in the second bin if it takes 3 weeks to receive a replenishment order?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (1 review)
a Given that the average demand during the 2week lead time is 53 units per week and the standard dev...View the full answer
Answered By
Robert Mbae
I have been a professional custom essay writer for the last three years. Over that period of time, I have come to learn the value of focusing on the needs of the clients above everything else. With this knowledge, I have worked hard to become an acclaimed writer that can be trusted by the customers to handle the most important custom essays. I have the necessary educational background to handle projects up to the Ph.D. level. Among the types of projects that I've done, I can handle everything within Dissertations, Project Proposals, Research Papers, Term Papers, Essays, Annotated Bibliographies, and Literature Reviews, among others.
Concerning academic integrity, I assure you that you will receive my full and undivided attention through to the completion of every essay writing task. Additionally, I am able and willing to produce 100% custom writings with a guarantee of 0% plagiarism. With my substantial experience, I am conversant with all citation styles ranging from APA, MLA, Harvard, Chicago-Turabian, and their corresponding formatting. With all this in mind, I take it as my obligation to read and understand your instructions, which reflect on the quality of work that I deliver. In my paper writing services, I give value to every single essay order. Besides, whenever I agree to do your order, it means that I have read and reread your instructions and ensured that I have understood and interpreted them accordingly.
Communication is an essential part of a healthy working relationship. Therefore, I ensure that I provide the client with drafts way long before the deadline so that the customer can review the paper and comment. Upon completion of the paper writing service, the client has the time and right to review it and request any adjustments before releasing the payment.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Operations Management Processes And Supply Chains
ISBN: 9781292409863
13th Global Edition
Authors: Lee Krajewski, Naresh Malhotra, Larry Ritzman
Question Posted:
Students also viewed these Business questions
-
Big Sky Farms sells gift baskets containing a variety of fruits and nuts for $70 each. Tanya Williams contacted Big Sky Farms to see if they would be willing to provide 320 gift baskets for a special...
-
In a two-bin inventory system, the demand for three- inch lag bolts during the two-week lead time is normally distributed, with an average of 53 units per week. The standard deviation of weekly...
-
A cheerleader of mass 42 kg stand on the shoulders of a football player of mass 98 kg. The football player is standing in a soft, thin layer of mud that does not permit air under his shoes. If each...
-
Israel We I had been in Israel for two weeks. We were in our church tour bus, late at night, driving through the mountainous desert. The night was black no moon and only a few stars. The only light...
-
Confirmations at times may be unreliable even if they involve external documentation. What assumptions should the auditor address concerning confirmations before concluding that utilizing...
-
(a) Use a computer program to find the probability that a random variable having the normal distribution with mean 5.853 and the standard deviation 1.361 will assume a value greater than 8.625. (b)...
-
Bistro Servers The RestaurantTips data file comes from a sample of 157 bills at a small bistro/wine bar. Three different servers (labeled A, $\mathrm{B}$, and $\mathrm{C}$ ) worked on the nights the...
-
A flat (unbanked) curve on a highway has a radius of 220.0 m. A car rounds the curve ata speed of 25.0 m/s. (a) What is the minimum coefficient of friction that will prevent sliding? (b) Suppose the...
-
You need to prepare the financial statement and the adjusting entries for the December31st year end (using EXCEL) for a company that follows IFRS and has a December 31st year end. The company has a...
-
What are 2 benefits of using QuickBooks Online Payroll when using QuickBooks Online? No need to add new employees Automatic payment of payroll tax liabilities and filing of forms Ability to enter...
-
An e-commerce retailer is trading a successful haircare product imported from overseas suppliers. It takes 6 weeks for the item to reach the warehouse from suppliers. Due to various import...
-
You are a manufacturer of precision components for the automotive industry. Your supplier reviews stock every 4 weeks and replenishes it instantaneously. The standard deviation of demand during the...
-
A gas turbine cycle has two stages of compression, with an intercooler between the stages. Air enters the first stage at 100 kPa, 300 K. The pressure ratio across each compressor stage is 5 to 1, and...
-
Vedanta Resources has invested 8 million in a new mining project lasting 3 years. Depreciation is charged on a straight line basis to zero over the course of the project. The project generates...
-
The multinational media company News Corporation has a dual class share structure. Why might the company do this? Are there any drawbacks?
-
Your firm is considering purchasing a machine which requires an annual investment of 16,000. Depreciation is calculated using 20 per cent reducing balance (i.e. instead of depreciating the machine by...
-
If a firm is to cut costs as a result of falling revenues, how would this appear in the statement of financial position? Explain.
-
Explain the difference between dealer and agency markets. Why do you think both types of markets exist? Is there one type of market that is the best? Explain.
-
Cost and production data for Binghamton Beverages Inc. are presented as follows: Required: 1. a. Calculate net variances for materials, labor, and factory overhead. b. Calculate specific materials...
-
Which internal control principle is especially diffi cult for small organizations to implement? Why?
-
Mason Machine Tools is reevaluating its facility layout. The current layout is shown in Figure 10-13 and the fromto matrix is in Table 10-11. Mason has to leave department C in its current location...
-
Jakes Jumbo Jacks has collected the following information to develop a standard time for building jumbo jacks. (a) Calculate the mean observed time for each element. (b) Calculate the normal time for...
-
Your 20 observations of Dr. Knowitall reveal the following information. Assume that the estimate is to be within 5 percent of the true proportion 95 percent of the time. Activity Observed .........
-
Payback, NPV, and MIRR Your division is considering two investment projects, each of which requires an up-front expenditure of $27 million. You estimate that the cost of capital is 12% and that the...
-
A manufactured product has the following information for June. Standard Actual Direct materials Direct labor Overhead 5 lbs. @$9 per lb.. 3 hrs. 3 hrs. $17 per hr. $11 per hr. 43,500 lbs. @ $9.20 per...
-
Interstate Manufacturing is considering either overhauling an old machine or replacing it with a new machine. Information about the two alternatives follows. Management requires a 10% rate of return...
Study smarter with the SolutionInn App