Question: Demand each period for a product is normally distributed ( mean = 8 7 0 , standard deviation = 2 1 0 ) . The

Demand each period for a product is normally distributed (mean =870, standard deviation =210). The lead time is 5 periods.
What is the minimum order-up-to level to ensure an in-stock probability of 0.93?
Note: Round your answer to the nearest whole number.

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!

Q:

Mark mentions the new policy to his team but does not do more than that. Reflect on the priorities for this scenario to determine the most effective management style for this scenario: . The new...

Q:

\ begin { tabular } { | c | c | c | c | c | c | c | c | c | c | c | } \ hline \ multicolumn { 1 1 } { | c | } { Mean } \ \ \ hline & \ multicolumn { 2 } { | c | } { 2 . 2 } & \ multicolumn { 2 } { |...

Q:

\ begin { tabular } { | c | c | c | c | c | c | c | c | c | c | c | } \ hline \ multicolumn { 1 1 } { | c | } { Mean } \ \ \ hline & \ multicolumn { 2 } { | c | } { 2 . 2 } & \ multicolumn { 2 } { |...

Q:

only need to answer this Demand for a product follows the Poisson distribution with a mean of 1.2 units per period. If the lead time is 3 periods. Round your answer to 1 decimal place What is the...

Q:

Please help me ASAP Demand for a product follows the Poisson distribution with a mean of 0.4. If the lead time is 4 periods and the order up to level is 4. Use Table 14A.2. what is expected on-hand...

Q:

Demand for a product follows the Poisson distribution with a mean of 0.4. If the lead time is 4 periods and the order up to level is 4. Use Table 14A.2. what is the expected on-hand inventory? Demand...

Q:

2 Additional Algo 14-9 Choosing an Order-Up-To Level - Normal Demand Demand each period for a product is normally distributed (mean =870, standard deviation =2 to). The lead time is 5 periods Round...

Q:

ezto.mheducation.com/ext/map/index.html?_con-con&external_browser=U rk #4 0 Saved Additional Algo 14-6 Stockout Probability - Normal Demand Demand each period for a product is normally distributed...

Q:

Additional Algo 14-4 Expected On-Hand Inventory - Normal Demand Demand each period for a product is normally distributed (mean = 750, standard deviation = 150). The lead time is 5 periods and the...

Q:

Additional Algo 14-9 Choosing an Order-Up-To Level - Normal Demand Demand each period for a product is normally distributed (mean = 850, standard deviation = 170). The lead time is 3 periods. Round...

Q:

Additional Algo 14-9 Choosing an Order-Up-To Level - Normal Demand Demand each period for a product is normally distributed (mean 525, standard deviation = 105). The lead time is 3 periods. Round...

Q:

Barnes & Noble Inc. reported Property, Plant, and Equipment of $1,677,836,000 and Accumulated Depreciation of $991,187,000 at January 31, 2004. a. What was the book value of the fixed assets at...

Q:

The accounting records of BEST Metal Factory, include the following information for the year ended 31 December 2021: (a) Items (b) Materials inventory Work in process inventory Finished goods...

Q:

Considering an investor who has made multiple purchases and sales with a mutual fund over the year, which method of calculating returns would most accurately reflect the funds managers performance,...

Q:

Determine the major differences between U.S. GAAP and IFRS disclosure reporting requirements related to each separately reportable operating segment. Next, give your opinion as to whether either U.S....