Question: Given this information: Lead-time demand = 580 pounds Standard deviation of lead time demand = 41 pounds (Assume normality.) Acceptable stockout risk during lead time

Given this information: Lead-time demand = 580

Given this information: Lead-time demand = 580 pounds Standard deviation of lead time demand = 41 pounds (Assume normality.) Acceptable stockout risk during lead time = 4 percent Use Table. a. What amount of safety stock is appropriate? (Round your answer to the nearest whole number.) points (8 01:57:21 Safety stock O units b. How much of this item should be reordered? (Round your answer to the nearest whole number.) ROP units eBook c. What risk of stockout would result from a decision not to have any safety stock? (Omit the "%" sign in your response.) Stockout risk

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!

Given this information: Lead-time demand = 500 pounds Standard deviation of lead time demand = 65 pounds (Assume normality.) Acceptable stockout risk during lead time = 3 percent Note for a 4%...

Given this information: tead-time demand $ =595 $ pounds Standard deviation of lead time demand $ =44 $ pounds (Assume normality.) Acceptable stockout risk during lead time $ =1 $ percent Use Ta

Given this information: Lead - time demand = 6 2 5 pounds Standard deviation of lead time demand = 5 0 pounds ( Assume normality. ) Acceptable stockout risk during lead time = 5 percent Use Table. a...

Given this Information: Lead-time demand = 580 pounds Standard deviation of lead time demand = 41 pounds (Assume normality.) Acceptable stockout risk during lead time = 4 percent Use Table. a. What...

please label answers. thanks Given this information: Lead-time demand = 600 pounds Standard deviation of lead time demand = 45 pounds (Assume normality.) Acceptable stockout risk during lead time = 1...

Chapter 12 Problem 2 1 Problem 12-20 (Algo) 50 points Given this information: Lead-time demand = 610 pounds Standard deviation of lead time demand 50 pounds (Assume normality.) Acceptable stockout...

3 Given this information: Lead-time demand = 550 pounds Standard deviation of lead time demand = 35 pounds (Assume normality.) Acceptable stockout risk during lead time = 1 percent Use Table a. What...

Given this information: Lead-time demand = 625 pounds Standard deviation of lead time demand = 50 pounds (Assume normality.) Acceptable stockout risk during lead time = 5 percent Use Table. a. What...

Given this information: Lead-time demand = 620 pounds Standard deviation of lead time demand = 49 pounds (Assume normality.) Acceptable stockout risk during lead time = 5 percent Use Table. a. What...

Given this information: Lead-time demand = 620 pounds Standard deviation of lead time demand = 70 pounds (Assume normality.) Acceptable stockout risk during lead time = 4 percent Use Table. a. What...

The following financial information was summarized from the accounting records of Train Corporation for the current year ended December 31: Rails Locomotive Corporate Division Division Total $47,200...

You have been working with the system for the campus housing service that helps students find apartments. One of the dynamic classes in this system likely is the apartment class. Draw a behavioral...

Which of the following items describes practices surrounding the recording of variances? All inventories are typically carried at standard. Unfavorable variances appear as debits. Favorable variances...

As the manager of Smith Construction, you need to make a decision on the number of homes to build in a new residential area where you are the only builder. Unfortunately, you must build the homes...