Question: A motel replaces broken glasses at a rate of 25 per day. In the past, this quantity has tended to vary normally and have a

A motel replaces broken glasses at a rate of 25 per day. In the past, this quantity has tended to vary normally and have a standard deviation of three glasses per day. Glasses are ordered from a Cleveland supplier. Lead time is normally distributed with an average of 10 days and a standard deviation of 2 days. What ROP should be used to achieve a service level of 95 percent?

Step by Step Solution

★★★★★

3.44 Rating (151 Votes )

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock

To calculate the Reorder Point ROP for the motelwe need to consider both the daily demand and the le... 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

Students Have Also Explored These Related General Management Questions!

Create a Crows Foot notation ERD to support the following business operations: A friend of yours has opened Professional Electronics and Repairs (PEAR) to repair smartphones, laptops, tablets, and...

Create a Crows Foot notation ERD to support the following business operations. Write all appropriate connectivities and cardinalities in the ERD: A friend of yours has opened Professional Electronics...

On January 2 , 2 0 2 2 , Maddox Corporation, headquartered in the U . S . , established a wholly - owned subsidiary in Mexico City. An initial investment of Ps 1 0 , 0 0 0 , 0 0 0 was made on that...

The P04_18.xlsx file contains a single-table Data Model on a companys sales and a single blank worksheet. The goal is to create a pivot table that shows the ratio of average revenue per transaction...

Distinguish between the historical data and the risk-neutral approach to valuing a derivative. Under what circumstances do they give the same answer?

=+1. No. Employers should not provide positive or negative consequences for employees health status. Justify.

4. Fourth-graders Richard and Bruce sat on the stoop outside of the school. They had missed their bus and now had to make the decision whether to walk taking a short cut or just wait until their...

Skane Shipping Ltd. (SSL) operates a fleet of container ships in international trade between Sweden and Singapore. All of the shipping income (that is, that related to SSLs ships) is deemed to be...

What is the duration of the bond described below: - Face Value: $1,000.00 - Years-to-maturity: 3 - Coupon Rate: 4% - Coupon payments are made annually - Current Market Price: $920 -...

Carrie D'Lake, Reed A. Green, and Doug A. Divot share a passion for golf and decide to go into the golf club manufacturing business together. On January 2, 2015, D'Lake, Green, and Divot form the...

Using the following worksheet, please prepare an income statement. The data are for the Alcazar Service Co., for the year ended December 31, 2012. Using the following worksheet, please prepare an...

Which of the statements below are correct in regards to the Cloud Choice Profit Model? No product authorization is required for the Cloud Choice Profit model The customer signs SAP paper for the...

An experimental psychologist plans a study in which a crucial step is offering participants a food reward. It is important that the three food rewards be equal in appeal. Thus, a pre-study was...

Per the TAR Purchase and Sales Agreement, there is a period of time after the inspection period in which the parties can agree to any repairs. What is this period of time referred to as? Unset...

Researchers are interested in whether there is a difference between the number of brothers and number of sisters for graduate students. So they randomly selected 20 graduate students and asked each...

how would you compare the results between the lease assets vs total assets and the lease liabilities vs total liabilities visualization? finance lease assets are higher than finane lease liabilities...

An operator works 8 hours per shift at $10/hr and 20% in fringe benetits. If the machine capacity is 2121 units per shift, determine the annual cost for the budget of this position

We all experience emotions, but some people disguise their true feelings better than others. Do you think this is a helpful or harmful thing to do? Under what conditions do you think it would be most...

Why is an object said to have greater semantic content than an entity?

What is data replication, and what are the three replication strategies?

Explain and contrast the differences and similarities between the DBA and DA.

An AP Statistics teacher had 63 students preparing to take the AP exam discussed in Exercise 55. Though they were obviously not a random sample, he considered his students to be "typical" of all the...

The weight of potato chips in a medium-size bag is stated to be 10 ounces. The amount that the packaging machine puts in these bags is believed to have a Normal model with mean 10.2 ounces and...

For her final project, Stacy plans on surveying a random sample of 50 students on whether they plan to go to Florida for Spring Break. From past years, she guesses that about 10% of the class goes....