Question: Assume: Demand Rate (Throughput, R) is 200 unit/day, Order Quantity (Q) is 4,000 Lead-Time (LT) is 5 days, Average Lead-Time Demand (LTD) is 1,000

Assume: Demand Rate (Throughput, R) is 200 unit/day, Order Quantity (Q) is

Assume: Demand Rate (Throughput, R) is 200 unit/day, Order Quantity (Q) is 4,000 Lead-Time (LT) is 5 days, Average Lead-Time Demand (LTD) is 1,000 unit, Lead-Time Demand Standard Deviation (STD) is 100 units, Desire Service Level = 75% What is the required Safety Inventory to achieve the desired Service Level? units

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer

Step: 1 Unlock blur-text-image

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!

Department of Information, Operations and Management Sciences Supply Chain Management and Purchasing B2 Case study 1: Inventory management: EOQ and SS Part 1 You are hired by a company to help...

Help me find the P-value: Use the calculated t-value (2.74) and degrees of freedom (2) with a t-distribution table or statistical software to find the p-value. I just want a p value and conclusion,...

Formularium Management III Kevin Denis June 18, 2014 Use at own risk. Part I Inventory Control 1 Known demand (p198) 1.1 Basic EOQ model (p210) Assumptions: 1. Demand is xed at units per unit time....

Please can you please answer the attachment below i need assistance MAC3701/2016 COMPULSORY ASSIGNMENT 01/2016 (semester 2) Semester Second Assignment nr 1 Due date Unique number 17/08/2016 753124...

Group: PERON A+ PERSON B +PERSON C 1- Introduction 2- Literature a. Definition of operation management b. Definition of operation strategy and why it is important c. Components of operations strategy...

IOE 419 Mark S. Daskin Service Operations Management IOE Department Winter, 2017 University of Michigan Problem set 4 DUE: MONDAY - February 20, 2017 Points: 100 points total Problem 1: Babette has...

Possible Multiple Choice Questions for the Exam. Focus on the topics discussed in class. Chapter 1 Multiple Choice Identify the choice that best completes the statement or answers the question. ____...

Please help with assignment 2 MAC2601. assignment attched MAC2601/103/1/2016 Tutorial letter 103/1/2016 Principles of Management Accounting MAC2601 Semester 1 Department of Management Accounting...

Aluminum nitrite and ammonium chloride react to form aluminum chloride, nitrogen, and water. What mass of each substance is present after 74.8 g of aluminum nitrite and 49.3 g of ammonium chloride...

In the course of researching whether a particular tax position of your tax client satisfies the realistic possibility of success standard, you discover that another taxpayer took the same position on...

Consider the following where the principal P is invested at an interest rate of r per year for t years. P = $ 3 , 9 0 0 , r = 7 % , t = 1 0 , compounded semiannually Determine m , the number of...

Kicks Shoe Store uses the retail inventory method for its two departments, Womens Shoes and Mens Shoes. The following information for each department is obtained. Instructions Compute the estimated...

The inventory of Hang Company was destroyed by fire on March 1. From an examination of the accounting records, the following data for the first 2 months of the year are obtained: Sales Revenue...

Shereen Company reported the following information for November and December 2017. Shereens ending inventory at December 31 was destroyed in a fire. Instructions (a) Compute the gross profit rate for...

Information about Lindas Boards is presented in E6-4. Additional data regarding Lindas sales of Xpert snowboards are provided below. Assume that Lindas uses a perpetual inventory system. In E6-4,...

Moath Company reports the following for the month of June. Instructions (a) Calculate the cost of the ending inventory and the cost of goods sold for each cost flow assumption, using a perpetual...

Design a minimum-mass symmetric three-bar truss (the area of member 1 and that of member 3 are the same) to support a load P, as was shown in Fig. 2.9. The following notation may be used: Pu = P cos...

5.40 The article referenced in the previous exercise also gave data on the percentage of operating costs covered by park revenues for the 20072008 fiscal year. Number of Employees, x Percent of...

5.33 Some types of algae have the potential to cause damage to river ecosystems. The accompanying data on algae colony density (y) and rock surface area (x) for nine rivers is a subset of data that...

5.28 The accompanying data resulted from an experiment in which weld diameter x and shear strength y (in pounds) were determined for five different spot welds on steel. A scatterplot shows a strong...