Question: Given the below factors find the numerical answer for Safety Stock. 5.00 Average Weekly Demand Standard Deviation of (weekly) demand) Lead time in Weeks Service

Given the below factors find the numerical answer for Safety Stock. 5.00 Average Weekly Demand Standard Deviation of (weekly) demand) Lead time in Weeks Service Level to Achieve 3.00 4.00 0.95 Given the following factors find the numerical answer for Cycle Time in Days. Carrying Cost, CC 17 Ordering Cost, Co 8 Demand, D Working Days per year 365 200 N Given the following factors find the numerical answer for Optimal Order Quantity. Carrying Cost, Cc Ordering Cost, Co 8 Demand, D 180 Working Days per year 240

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!

Exhibit 3. Consider the following data: Item cost $120 ea. Order cost $100 per order Annual holding cost 20% of item cost Annual demand 25,000 . 500 . Average weekly demand Standard deviation of...

Given the following information, formulate an inventory management system. The item is demanded 50 weeks a year. PARAMETER Item cost Order cost Annual holding cost Annual demand Average weekly demand...

Suppose that an auto part in a manufacturer's inventory has the following characteristics: Average demand Standard deviation of demand Lead time Purchasing cost Holding cost Order cost Required...

A convenience store uses the fixed-period inventory control system (FPS) to manage its inventory of distilled water bottles. This system relies on the following information. Average weekly demand 120...

Aconveniencestoreusesthefixed-periodinventorycontrolsystem(FPS)tomanageitsinventoryofdistilledwaterbottles.Thissystemreliesonthefollowinginformation. Average weekly demand 80 bottles per week Lead...

Here is all the information provided with the answers to Q 1 and 2. If someone could please help me with 3 and 4. There is no more information or references provided other than what is above. 3) This...

Question 1 (Network design optimization). [20 points] ABC Limited Corp. has won contracts to supply a high-tech product to customers in Asia, North America, Europe, and South America. The company has...

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....

Q3) A particular product is purchased for $1.5 each. Cost of ordering is $100 per order. Holding cost is given as $0.42 per unit per year. Monthly demand for the product follows a normal distribution...

A fully compressed spring shoots a block up a 60 degree slope. What is the max distance the block moves if: 1) There is no friction 2) Friction exists where ug = 0.3 60

Suppose you paid $60 for a ticket to see your universitys football team competes in a bowl game. Someone offered to buy your ticket for $100, but you decided to go to the game. Required: I. What did...

4. Dear Ann: Ive read that one aspirin taken every other day will reduce the risk of heart attack. Why not take two and double the protection? Most of the following selections were taken from letters...

Case Greenbuilders Pte Lid ("GPL") is a local construction company which specialises in providing bespoke Design and Build construction services for private residential homes that are designed to be...