Question: Fresh Dessert Inc. is using a continuous review system for its ice cream. The demand rate for strawberry ice cream is normally distributed, with an

Fresh Dessert Inc. is using a continuous review system for its ice cream. The demand rate for strawberry ice cream is normally distributed, with an average of 300 liters per week. The lead time is 9 weeks. The standard deviation of weekly demand is 15 liters.
a. What is the standard deviation of demand during the 9-week lead time?
b. What is the average demand during the 9-week lead time?
c. What reorder point results in a cycle-service level of 99 percent?

Step by Step Solution

★★★★★

3.48 Rating (158 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

A Q system also known as a reorder point system d 300 pintsweek d 15 pints a Standard deviation of ... View full answer

Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock

Step: 3 Unlock

Document Format (1 attachment)

696-B-M-L-O-M (5371).docx

120 KBs Word File

Students Have Also Explored These Related Management Leadership Questions!

Oakwood Hospital is considering using ABC analysis to classify laboratory SKUs into three categories: those that will be delivered daily from their supplier (Class A items), those that will be...

Muscle Bound is chain of fitness stows located in many large shopping centers. Recently, an internal memo from the CEO to all operations personnel complained about the budget overruns at Muscle...

The Farmers Wife is a country store specializing in knick-knacks suitable for a farm-house decor. One item experiencing a considerable buying frenzy is a miniature Holstein cow. Average weekly demand...

Terminator, Inc., manufactures a motorcycle part in lots of 150 units. The raw materials cost for the part is $170, and the value added in manufacturing 1 unit from its components is $280, for a...

Question 1 Ahmed Photocopying purchases paper from an out-of-state vendor, Average weekly demand for paper is 150 cartons per week, for which Ahmed pays $15 per carton. Inbound shipments from the...

Problem 20 Question Help Your firm uses a continuous review system and operates 52 weeks per year. One of the SKUs has the following characteristics. Refer to the standard normal table for z-values,...

By MARK@ (Ruska, Markevichus, Naniev, Grachev) Emerging russian ice-cream market is good area for different producers as it has great potential 1. Currently Russian ice-cream market is the 4th...

What might the company do to improve its competitive position? Describe options and the strategic advantage(s) of these options. Consider both competitive and cooperative options. What is your...

1 of 20 1.0 Points If events A and B are mutually exclusive, then the probability of both events occurring simultaneously is equal to A.any value between 0.5 and 1.0 B.0.0 C.1.0 D.0.5 Reset Selection...

1. write an executive summary in 4-6 sentences 2. write a problem statement in 3 sentences 3. develop 3-4 alternatives to solve the issue & how 4. what is the ideal solution & why 5. create a...

Refer to Exercise 13.58, examine the relationship between the selling price ( in thousands of dollars) of a home and two independent variables, the number of rooms and the number of square feet. Use...

The following information is available to Lock-Tite Company, which produces security products to special order and uses a job costing system. April 30th may 31 inventories Raw Materials ps 42,000 ps...

Are this statements TRUE or FALSE in context of computational complexity theory. Do not answer if you do not know! This questions are inposible to be answerd corectly by using AI . Every single...

Analyse the performance of King Scooters.

The manager of a branch office of Polar Bank observed that 20 customers per hour, on average, arrive during peak time, and that there are about four customers, on average, in the bank branch at any...

Sterling Motors is a telephone or mail-order dealer in British auto parts. Sterling has six telephones for receiving orders. Order takers answer the telephones, check inventory availability, and...

The Clip Joint operates four barber's chairs in the student centre. During the week before semester break and the week before graduation, the Clip Joint experiences peak demands. Military-style...

Balance Sheet - Calculating Your Net Worth Assets Value Cash $500 + Checking Savings/CDs + Money Market Funds + Other Monetary Assets + A. Monetary Ass = $500 Mutual Funds Stocks + CD + $5,000 Life...

Fundamentals of Corporate Finance. Chapter 13. The Weighted-Average Cost of Capital and Company Valuation. 1) Define capital structure. 2) What is the company cost of capital formula (WACC)? 3). What...

Section A: Multiple Choice Questions (each MCO is worth 2 points) For each of the following, please pick the best answer 1. According to constant growth DDM, the value of a stock increases as: a. The...