Question: Calculate the reorder point quantity based on the following data: standard deviation of demand is 0; demand rate is 100 units per day; lead time

Calculate the reorder point quantity based on the following data: standard deviation of demand is 0; demand rate is 100 units per day; lead time is 2 days

Select one:

a. 200

b. 100

c. 50

d. 400

e. 75

Jessica wants to order I-pad screens every 5 weeks, but does not know how many to order. If the lead time for the screens is 4 weeks, the average demand is 83 units per week, with a standard deviation of 3 units and he wants 440 screens on hand at the time of order, how many should he order if he can tolerate a stock out risk of 56%

Select one:

a. 747

b. 440

c. 306

d. 290

e. 1187

Calculate the reorder point in gallons based on the following data: Standard deviation of demand during lead time is 113.3 gallons; average demand rate is 330 gallons per day; lead time is 4 days, stock out risk is 33%.

Select one:

a. 330

b. 1370

c. 50

d. 1320

e. 400

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!