Question: For a fixed order - quantity, ROP model the daily demand rate is normally distributed with a mean of 5 0 units and a standard

For a fixed order-quantity, ROP model the daily demand rate is normally distributed with a mean of 50 units and a standard deviation of 5 units. The lead time is 9 days, and the lead time service level is 90%. What is the approximate valuefor the ROP?
Multiple Choice
500
500
469
495

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:

Need computation thanks For a fixed order-quantity, ROP model the daily demand rate is normally distributed with a mean of 50 units and a standard deviation of 5 units. The lead time is 9 days, Q =...

Q:

For a fixed order - quantity, ROP model the daily demand rate is normally distributed with a mean of 5 0 units and a standard deviation of 5 units. The lead time is 9 days, and the lead time service...

Q:

Please explain the questions. 1. A delicatessen buys a special type of bread from a local bakery. Demand for the item varies uniformly from between 80 and 100 per day. The item costs $1.20 and they...

Q:

Question 13 4. Space considerations are not included in any of the economic ordering models. A. True B. False 5. Setup cost in EOQ calculations is similar to ordering cost in Economic Lot Size...

Q:

Question 13 4. Space considerations are not included in any of the economic ordering models. A. True B. False 5. Setup cost in EOQ calculations is similar to ordering cost in Economic Lot Size...

Q:

In a reorder point model the daily demand rate is normally distributed with a mean of 5 0 units and a standard deviation of 5 units. The lead time is 9 days, Q = 5 0 0 units, and the lead time...

Q:

In a reorder point model the daily demand rate is normally distributed with a mean of 5 0 units and a standard deviation of 5 units. The lead time is 9 days, Q = 5 0 0 units, and the lead time...

Q:

(Please don't use ChatGPT, it's incorrect) Give the table above for 2 rated suppliers, determine the final score for BMC. QUESTION 24 A reduction in setup times impacts what? A. Decoupling...

Q:

Chris Sandvig Irrigation, Inc., uses on average 1 0 underground control valves per day during the time between placing replacement orders with their supplier and the time they receive the order. The...

Q:

A retailer has determined that the overage cost for a product is $54, and the underage cost is $73. Demand is normally distributed (mean = 520, standard deviation = 102). Additional Algo 13-5 Optimal...

Q:

Alexandres Steel Parts produces parts for the automobile industry. The company has monthly fixed expenses of $620,000 and a contribution margin of 90% of revenues. Requirements 1. Compute Alexandres...

Q:

During your observation of the November 30, 20X0, physical inventory of Jay Company, you note the following unusual items: a. Electric motors in finished goods storeroom not tagged. Upon inquiry, you...

Q:

Which of the following bonds potentially faces default risk? a . Treasury bonds b . Corporate bonds c Municipal bonds d Answers a and c e . Answers b and c

Q:

5. Develop a scenario comparing two PH programs and involving the use of a CBA.

Q:

The Reconstruction and Development Programme (RDP) in part tries to meet this need and has a large commitment to educational provision and people development.

Q:

Trade unions and employer associations. These act as pressure groups and can influence employment relations depending on their relative strengths.

Q:

Approximately 11,300 affirmative action posts have been allocated in the public sector since April 1994 (Horwitz et al., 1996).