An item of stock has a unit cost of 40, a reorder cost of 50 and a
Question:
Design a stock policy that gives the item a service level of 95%. How would the costs change with a 90% service level?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
We know that UC 40 a unit RC 50 an order HC 1 a unit a week D 100 units a we...View the full answer
Answered By
Ayush Jain
Subjects in which i am expert:
Computer Science :All subjects (Eg. Networking,Database ,Operating System,Information Security,)
Programming : C. C++, Python, Java, Machine Learning,Php
Android App Development, Xamarin, VS app development
Essay Writing
Research Paper
History, Management Subjects
Mathematics :Till Graduate Level
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Statistics questions
-
If repurchase of stock has a favorable tax effect, why would a company ever want to pay a cash dividend?
-
A company begins a review of ordering policies for its continuous review system by checking the cur- rent policies for a sample of SKUS. Following are the characteristics of one item. 3 Demand (D) =...
-
A vendor has quoted a lead time of 10 weeks for the delivery of a part. Your purchasing manager says the part can be delivered in 3 weeks if necessary. Of course, the vendor disagrees. Who is...
-
How much money would a man have to deposit each year for 6 years starting 4 years from now if he wanted to have $12,000 eighteen years from now? Assume the interest rate is 12% per year?
-
Convince yourself that f(x) = (xx)x and g(x) = x((x)x) are not same function, then find f'(x) and g'(x).
-
What is heat treatment? Discuss its importance in metallurgy.
-
Suppose that country A has 20,000 worker-hours available for production and that it initially has the technology given by case 4 of Exercise 1. data from case 4 of the exercise 1 Derive its PPF and...
-
Hallihan Company completed the following selected transactions during June 2010: June 1. Established a petty cash fund of $500. 12. The cash sales for the day, according to the cash register records,...
-
James is a 22-year-old geography major at Wilfrid Laurier University. He was residing with his parents. However, over the last few months his family and friends have noticed increasingly bizarre...
-
Gold Nest Company of Guandong, China, is a family-owned enterprise that makes birdcages for the South China market. A popular pastime among older Chinese men is to take their pet birds on daily...
-
A company advertises a 95% cycle-service level for all stock items. Stock is replenished from a single supplier who guarantees a lead time of four weeks. What reorder level should the company use for...
-
Describe a periodic review system with an interval of two weeks for the company described in Problem 18.6.
-
Write the number in the form a + bi. e +i
-
How does Sociology view religion? What are the different kinds of organized religion?
-
ABC Insurance Company sells property insurance. The company is reunderwriting its book of business at midyear. The company hoped to retain 80 percent of policyowners. The retention rate is 82 percent...
-
At the year end, an analysis by the citys finance department determined the following constraints on resources in the general fund. Prepare the appropriate journal entry in the general fund to...
-
Think about the different communities you belong and what, if anything you think needs to change in a positive way. 2. Decide on an action that you could take to make positive change in your...
-
What term is used to refer to people in the rural areas of developing countries, who tend to adhere more closely to the historical aspects of their culture than do people in urban areas?
-
The transmission schedule (Table 6.4) for a given flow is for each second the number of packets sent between that time and the following second. The flow must stay within the bounds of a token bucket...
-
An example of prescriptive analytics is when an action is recommended based on previously observed actions. For example, an analysis might help determine procedures to follow when new accounts are...
-
In Problems 13-24, suppose a die is rolled twice and let \[\begin{array}{ll}A=\{\text { first toss is a prime }\} & B=\{\text { first toss is a } 3\} \\C=\{\text { second toss is a } 2\} & D=\{\text...
-
A manager of an inventory system believes that inventory models are important decision-making aids. Even though often using an EOQ policy, the manager never considered a backorder model because of...
-
If the lead time for new orders is 20 days for the inventory system discussed in Problem 17, find the reorder point for both the EOQ and the backorder models.
-
If the lead time for new orders is 20 days for the inventory system discussed in Problem 17, find the reorder point for both the EOQ and the backorder models.
-
Given the function. f(x) = ln (2x+3x) Compute f'(x). Enter your answer rounded to the nearest tenth
-
A motor-cycle manufacturing company desires a profit of $600,000. The fixed costs are $800,000. The unit selling price of the motor-cycle is $750 and the variable cost per unit is $680. How many...
-
3. ZR Corporation's stock has a beta coefficient equal to 0.8 and a required rate of return equal to 11 percent. If the expected rate of return on the market is 12.5 percent, what is the risk-free...
Study smarter with the SolutionInn App