In a continuous review inventory system, the lead time for door knobs is 3 days. The...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
In a continuous review inventory system, the lead time for door knobs is 3 days. The standard deviation of demand per day is 27 units and the demand per day is 39 units. The desired cycle-service level is 65 percent. The supplier of door knobs streamlined its operations and now quotes a one-day lead time. How much can safety stock be reduced without reducing the 65 percent cycle-service level? Round/report the safety stock values to two (2) decimal places. Do not round your intermediate calculations. Do not include units. Original Safety Stock New Safety Stock Safety Stock Change In a continuous review inventory system, the lead time for door knobs is 3 days. The standard deviation of demand per day is 27 units and the demand per day is 39 units. The desired cycle-service level is 65 percent. The supplier of door knobs streamlined its operations and now quotes a one-day lead time. How much can safety stock be reduced without reducing the 65 percent cycle-service level? Round/report the safety stock values to two (2) decimal places. Do not round your intermediate calculations. Do not include units. Original Safety Stock New Safety Stock Safety Stock Change
Expert Answer:
Answer rating: 100% (QA)
To calculate the original safety stock and the new safety stock we can use the formula for safety stock SS Z times sqrtL times sigma2 D2 times Ls2 Whe... View the full answer
Related Book For
Operations management processes and supply chain
ISBN: 978-0136065760
9th edition
Authors: Lee J Krajewski, Larry P Ritzman, Manoj K Malhotra
Posted Date:
Students also viewed these general management questions
-
In a continuous review inventory system, the lead time for door knobs is five weeks. The standard deviation of demand during the lead time is 85 units. The desired cycle-service level is 99 percent....
-
In a continuous-review inventory system, the lead time for custom six-panel doors is five weeks. The standard deviation of demand during the lead time is 50 doors. The desired cycle-service level is...
-
Managing Scope Changes Case Study Scope changes on a project can occur regardless of how well the project is planned or executed. Scope changes can be the result of something that was omitted during...
-
In which control account would you expect to find a provision for doubtful debts?
-
How do documentation procedures contribute to good internal control?
-
What is meant by the term pairing energy? How do the relative values of pairing energy and crystal field splitting determine whether a complex is low-spin or high-spin?
-
A \(2.34-\mathrm{kg}\) cart on a long, level, low-friction track is heading for a small electric fan at \(0.23 \mathrm{~m} / \mathrm{s}\). The fan, which was initially off, is turned on. As the fan...
-
Traverse County needs a new county government building that would cost $ 10 million. The politicians feel that voters will not approve a municipal bond issue to fund the building since it would...
-
1. Complete the chart and identify the directions of the following vectors using the reference angle, cardinal directions and the true north as point of references. S 64 R 30 a. Reference angle: J:...
-
Dominos Pizza franchises in New York were sued by the state of New York for wage theft at 10 stores. Under New York law, a corporation and a franchiser are joint employers if they meet certain...
-
Study the standard reduction potential given below and answer the questions that follow. The letters are not actual symbols of the elements Actual symbols of elements EQ values M (aq) 2+ + 2e M(s)...
-
Create two queries. Make sure that each contains either a criterion to refine the search data or a function that computes a value. Be sure to name these queries with a descriptive name as well.
-
What In relation to the insurance company's expenses, including the cost of selling the policy (e.g., marketing, salaries or commissions to agents), underwriting the policy (e.g., processing...
-
What is capital structure? How does a CFO can determine the optimal capital structure for his company. Access the balance sheet of any public company or the target company you might have chosen for...
-
A sound of frequency 200 Hz is reflected off an approaching car. If the reflected sound interferes with the original sounds to cause beats of frequency 20 Hz, what is the frequency of the reflected...
-
Sbastien and Manon are married and self-employed workers. They have agreed that each should keep a minimum of $5,000 in a savings account for unforeseen circumstances. Their minimum monthly living...
-
Combinational Logic Using Verilog QUESTIONS AND PROBLEMS 8.1 Write the Verilog module header for the block diagram shown in Figure P8.1. FIGURE P8.1 Write the Verilog module header for a generic...
-
Solve each equation. x 3 - 6x 2 = -8x
-
The BOM for product A is shown in Figure. The MPS for product A calls for 120 units to be started in weeks 2, 4, 5, and 8. Table shows data from the inventory records. Develop the material...
-
1. How should quality be defined at this restaurant? 2. What are the restaurants costs of process failures? 3. Use some of the tools for process analysis to assess the situation at Joses Two bean...
-
The sales activity at Best Car has changed. Weekly sales are now estimated to be distributed as follows: Weekly sales (cars) Relative Frequency (probability) 0 .....................0.02 1...
-
An ideal classical gas composed of \(N\) particles, each of mass \(m\), is enclosed in a vertical cylinder of height \(L\) placed in a uniform gravitational field (of acceleration \(g\) ) and is in...
-
Show that the quantum-mechanical partition function of a system of \(N\) interacting particles approaches the classical form \[Q_{N}(V, T)=\frac{1}{N ! h^{3 N}} \int e^{-\beta E(\boldsymbol{q},...
-
Show that the entropy of an ideal gas in thermal equilibrium is given by the formula \[ S=k \sum_{\varepsilon}\left[\left\langle n_{\varepsilon}+1ightangle \ln \left\langle...
Preparing For The 2020 California Mft Law And Ethics Exam 1st Edition - ISBN: 1734873515 - Free Book
Study smarter with the SolutionInn App