Question: I need help answering this question. Could someone please answer it for me. I have been trying all day. Problem 13-31 A drugstore uses fixed-order

I need help answering this question. Could someone please answer it for me. I have been trying all day.

for me. I have been trying all day. Problem 13-31 A drugstore

Problem 13-31 A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of .98. The order interval is 13 days, and lead time is 2 days. Average demand for one item is 60 units per day, and the standard deviation of demand is 3 units per day. Given the on-hand inventory at the reorder time for each order cycle shown in the following table. Use Table. Cycle On Hand 1 47 2 11 3 107 Determine the order quantities for cycles 1, 2, and 3: (Round your answers to the nearest whole number) Cycle 1 2 3 Units

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 Accounting Questions!

Business 312 week 6 homework assignment 1 McGraw Hill Education connect problems refer to the picture for questions that need answering Problem 13-31 A drugstore uses fixed-order cycles for many of...

last two of my answers are incorrect. please help! Problem 13-31 A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a service level of .98. The order interval is...

13-9 The Friendly Sausage Factory (FSF) can produce hot dogs at a rate of 5,000 per day. FSF supplies hot dogs to local restaurants at a steady rate of 280 per day. The cost to prepare the equipment...

can someone help me understand this please? thank you and i will like your answer! Problem 12-31 (Algo) A drugstore uses fixed-order cycles for many of the items it stocks. The manager wants a...

Problem 12-19 (Algo) Given this information: Expected demand during lead time = 275 units Standard deviation of lead time demand = 14 units Use Table. Determine each of the following, assuming that...

please answer the following A produce distributor uses 770 packing crates a month, which it purchases at a cost of $8 each. The manager has assigned an annual carrying cost of 30 percent of the...

Hi I need help with the attached question in accounting. Thanks. Please answer a and b below: Waterways Corporation is a private corporation formed for the purpose of providing the products and the...

Matt's Motivational Misery Matt Sokkov considers himself to be an average guy. He likes a drink with his mates after work; he works fairly hard at his job most days; and, most people seem to get on...

A STUDENT GUIDE TO INTRODUCTORY & FOUNDATION LEVEL CASE STUDY ASSIGNMENTS Using the 8 Step American Management Association (AMA) Problem Solving and Case Analysis Process Sally Armstrong, May 2005....

Add The Graph Of Y = 2 - X To The Plot From The Data Below. X Y

Consider a steam power plant operating on the ideal Rankine cycle with reheat between the pressure limits of 30 MPa and 10 kPa with a maximum cycle temperature of 700C and a moisture content of 5...

Which of the following statements about enterprise information systems is TRUE? The procedures are not formalized or documented. They support 1 0 to 1 0 0 users. They promote substantial workyroup...

System A new storm drainage system must be constructed right away to reduce periodic flooding that occurs in a city that is in a valley Five mutually exclusive designs have been proposed and their...

1. Discuss the following statements: a) Predetermined is not the same thing as predictable. b) When we are aware of the consequences of our behaviour, we can change our behaviour. c) What we know is...

2. In this chapter, the reader should reflect on the following concepts:

1. To provide an understanding that a person in a communication situation conveys three things at the same time: their position, basic interests and values.