Question: Exercise 8: A copy store in a university uses 5,000 boxes of paper every year. Assume that standard deviation of demand during a lead time

Exercise 8: A copy store in a university uses

Exercise 8: A copy store in a university uses 5,000 boxes of paper every year. Assume that standard deviation of demand during a lead time of 2 weeks is about 50 boxes and the average demand per week is 100 . To keep a 95% service level (i.e., z=1.645 ), calculate the reorder point

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!

Fill in the missing algebra leading to Eqs. (6.40) and (6.42). Eq. (40) ÎÎ± Î¼Î± = ( - gVÎ±),Î±). Eq. (42)

Exercises Series 2 Logistics Management - course code: 345 Exercise 1: A few years ago, Heineken, the Dutch brewing company, decided to reduce the length of its average lead-time from 16 weeks to 6...

QI) A company uses 6800 tons of a certain raw material (RW) each month. They are using an EOQ value of 2400 tons to order RW. That EOQ value was computed using an interest rate of 33% per year....

Please Read and answer the questions How do the "net" costs per card compare for each card category: Current structure vs. Outsourced to China vs. Factory of the future What's the lowest cost...

Q2. All facts from Q1 remain the same except now Supplier A due to a labor strike requires 3 weeks to send the order from the time the order is placed. Assume that there are 48 weeks in a year and...

Hickory Hill Smoked Food Company Case Study HICKORY HILL SMOKED FOOD COMPANY Background Hickory Hill is a well-established smoked foods company specializing in smoked turkeys and has been selling its...

One of the products sold by Office Min at its online store is the HP Deskjet XYZ 2 3 printer. We know the following about this product: Average monthly demand ( assume 5 2 weeks per year ) : 8 0...

You are hired as a consultant at a distribution center (DC) which supplies several retailers in Miami with I-Absorb baby diapers. All retailers issue their orders to the distribution center at the...

Cost-Cutting Options: Automate or Outsource By the early 2000s it was clear that American Greetings would have to improve the efficiency of its operations. Steve Willensky, senior vice president and...

SOLVE IN EXCEL There are three Staples stores in Windsor. Assume weekly demand for a Dell 27 monitors at each store is normally distributed with a mean of 500 and a standard deviation of 300 . The...

1. Using the purchase of a high-end engagement ring as an example, identify whether a brick-and-mortar retailer, or an online shop, or a combination of the two is the most appropriate retail...

Put the following 6 steps for capital budgeting in the most likely order, numbering the first activity as number 1, the second as 2, and so on. _________ Perform sensitivity analysis. _________...

Girard owes two debt paymentsa payment of $5000 due in 6 months and a payment of $6000 due in 15 months. If Girard makes a payment of $5000 now, when should he make a second payment of $6000 if money...

Customer insight involves working to understand how customers interact with each other t / f

March 1, 2020, Dorchester Company's beginning work in process inventory had 9,000 units. This is its only production department. Beginning WIP units were 50% complete as to conversion costs....