Question: If average demand for an inventory item is normally distributed with mean 187 units per day and standard deviation of 35 units, lead time is

If average demand for an inventory item is

If average demand for an inventory item is normally distributed with mean 187 units per day and standard deviation of 35 units, lead time is 11 days, and the probability of stock-out is 764, what is reorder point? Enter a single integer number as your

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!

PLEASE HELPPPP ASAPPP If average demand for an inventory item is normally distributed with mean 105 units per day and standard deviation of 26 units, lead time is 6 days, and the probability of...

If average demand for an inventory item is normally distributed with mean 173 units per day and standard deviation of 38 units, lead time is 6 days, and the probability of stock-out is 76%, what is...

answer all. At the current demand rate, daily demand for an inventory item is normally distributed with mean = 25 units and standard deviation 4. We use this item 365 days per year, and the order...

At the current demand rate, daily demand for an inventory item is normally distributed with mean = 25 units and standard deviation 4. We use this item 365 days per year, and the order lead time is 7...

Component Commonality (Demand Aggregation) Product 1: weekly demand is normally distributed with: - Mean = 60 units per week Standard deviation = 40 units per week Product 2: weekly demand is...

only answer q2 and q3 Component Commonality (Demand Aggregation) Product 1: weekly demand is normally distributed with: - Mean = 60 units per week Standard deviation = 40 units per week Product 2:...

Product Fill Rate fr for Given ROP Weekly demand is normally distributed with: Mean = 40 units per week - Standard deviation = 20 units per week Lead time to replenish inventory is 4 weeks Reorder...

Daily demand for a product AX-303 is normally distributed with mean = 60 units and a standard deviation of 6 units. The lead time is constant at 9 days (working). The cost of placing an order is Rs...

Daily demand is normally distributed with mean 2 2 units per day and standard deviation = 6 . Ordering cost is S = $ 2 1 . 0 0 per order, carrying cost is H = $ 2 . 5 0 per unit per year. The item is...

Early in its 2014 fiscal year (December 31 year end), Hayes Company purchased 10,000 shares of Kenyon Corporation common shares for $26.18 per share, plus $1,800 in brokerage commissions. These...

You have been given the attached information on the Crum Company. Crum expects sales to grow by 50 percent in 2014 and operating costs should increase in proportion to sales. Fixed assets were being...

Put vour ceil there. examm wim tne failead. If yout exit thie exam and re - enter, the exam will be falled. Question 3 4 A firm has a risk exposure to a price increase in a given underlying asset....

When older adults have difficulty with transportation and communication, or may be reluctant to request needed assistance to which they are entitled, they may be in need of: Group of answer choices...