Question: dules Module 4 > ASSIGNMENT 3 ASSIGNMENT 32 60% 19. Given the following information, determine the amount to order: * Average demand = 20 units

dules Module 4 > ASSIGNMENT 3 ASSIGNMENT 32 60% 19. Given the following information, determine the amount to order: * Average demand = 20 units per day Standard deviation of demand - 4 units per day Lead time - 4 days Desired service level = 85.08% Amount on hand at reorder time - 50 units Order interval = 5 days 243 units O 143 units 0443 units 343 units 20. Determine which shipping alternative, one day or three days, is best when the holding cost of an item is $800 per year, the one-day shipping cost is $24. and the three-day shipping cost is $21

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!

Here is a screenshot of the assignment. I will copy and paste the tables below for your convenience. Thanks! Parameter Notation Value Measurement Mean daily demand D 6 units per day Standard...

A restaurant uses 40 jars of a special sauce each week. The manager is willing to accept no more than a 0.62% risk of stockout. Average lead time is 3 weeks with a standard deviation of 0.5 weeks....

Thank u guys:) This is the reference pages but the questions are the last 3 pictures . . . . Craft - Mason Wage rate VET $29.00 Hours worked 50 hours per week for 20 weeks and 40 hours per week for...

Please show the work in Excell Calculate: a) the economic order quantity, b) the safety stock and c) the average inventory necessary to achieve a 98% customer service level, given the following...

Hello. I'm looking for some help completing my finance project. (10% total course grade) There are quite a few questions. (40 total) I can check the answers one time before submitting. Hoping for...

3. Case Study 3.1 BlackRock Inc. Asset Management You are the Managing Director of BlackRock Inc Asset Management team. You were in charge of a SSM fund pool. Your dients were pleased with the...

Hello i need this to be solved for me pls because i am preparing for exam at the moment and i dont know wat to do MAT 281 EXERCISES 1. Two students are randomly selected from a statistics class, and...

MAT 281 EXERCISES 1. Two students are randomly selected from a statistics class, and it is observed whether or not they suffer from math anxiety. How many total outcomes are possible? Draw a tree...

#1 Question 2 Given the following information, determine the amount to order using the fixed-interval model. (Round your answer to a whole number.) Use Table B.2 dd = 32 units per day Desired service...

What is the pH of a 1 M HCIO, and 0.5 M NaCIO, solution? Ka of HCIO2 is 1.2 x10-2. O 1.62 O 1.92 O -2.22 O 2.22

Points A and B are at the same potential. What is the total work that must be done by an external agent to move a charge from A to B? Does your answer mean that no external force need be applied?...

11 The table shows the distances that Nia drives on Monday to Friday one week. Nia works out that the range of the distances she travels is 9112 km. Is Nia correct? Explain your answer. 20 Show all...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...