Question: For a given inventory item, demand averages 30 units per week, with a standard deviation of 6 units. Lead time for this item is 4

For a given inventory item, demand averages 30
For a given inventory item, demand averages 30 units per week, with a standard deviation of 6 units. Lead time for this item is 4 weeks. If we wanted to set a reorder point for this item that exposes to not more than a 5% risk of a a stockout, that reorder point would be -_-_-_units. (Round ( to 2 decimal places and report only the 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:

For a given inventory item, demand averages 70 units per week, with a standard deviation of 5 units. Lead time for this item is 2 weeks. If we wanted to set a reorder point for this item that exposes...

Q:

For a given inventory item, demand averages 80 units per week, with a standard deviation of 7 units. Lead time for this item is 4 weeks. If we wanted to set a reorder point for this item that exposes...

Q:

For a given inventory item, demand averages 70 units per week, with a standard deviation of 6 units. Lead time for this item is 9 weeks. If we wanted to set a reorder point for this item that exposes...

Q:

For a given inventory item, demand averages 50 units per week, with a standard deviation of 9 units. Lead time for this item is 7 weeks. If we wanted to set a reorder point for this item that exposes...

Q:

For a given inventory item, demand averages 50 units per week, with a standard deviation of 9 units. Lead time for this item is 7 weeks. If we wanted to set a reorder point for this item that exposes...

Q:

For a given inventory item, demand averages 40 units per week, with a standard deviation of 8 units. Lead time for this item is 4 weeks. If we wanted to set a reorder point for this item that exposes...

Q:

For a given inventory item, demand averages 70 units per week, with a standard deviation of 6 units. Lead time for this item is 9 weeks. If we wanted to set a reorder point for this item that exposes...

Q:

Question 2 12.5 pts For a given inventory item, demand averages 50 units per week, with a standard deviation of 8 units. Lead time for this item is 4 weeks. If we wanted to set a reorder point for...

Q:

11. In an effort to improve customer service and reduce the cost of inventory, the Thanskavel Company invested in a number of lean manufacturing initiatives. One result of these investments was a...

Q:

11. In an effort to improve customer service and reduce the cost of inventory, the Thanskavel Company invested in a number of lean manufacturing initiatives. One result of these investments was a...

Q:

Compute for the BMI of the following pediatric clients. Show your computations (2pts each answer)

Q:

What are the coordinates of the vector (1, 1, 1) with respect to the basis {(1, 1, 1), (0, 1, 1,), (0, 0, 1)}? What are its coordinates with respect to the standard basis {(1, 0, 0, (0, 1, 0,), (0,...

Q:

The common stock of modern interiors has a beta of 1 . 6 1 and a standard deviation of 2 7 . 4 percent

Q:

When doing blood testing for a viral infection, the procedure can be made more efficient and less expensive by combining partial samples of different blood specimens. If samples from three people are...