Question: IM . 6 3 G ' s Dairy is trying to determine how to manage their stock of raw milk. They have an average daily

IM.63 G's Dairy is trying to determine how to manage their stock of raw milk. They have an average daily demand of 48 gallons per day, but it varies by about 8 gallons per day. Their lead time for receiving new milk is 3 days. They are striving for an 94% service level.
What should be their safety stock for raw milk? (Display your answer to two decimal places.)
What should be their reorder point for raw milk? (Display your answer to two decimal places.)

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:

Find the court decision located at 2007-1 USTC 50,210. a. Which court heard the case? b. Who was the judge(s)? c. Which tax year(s) is in question and in what year was the case decided? d. Which...

Q:

IM.61 Demand for Etched Impressions Wood products averages 50 units per day with a standard deviation of daily demand being 5 . Lead time is 4 days. This IBC company strives for a 85% service level....

Q:

Please show the answers and how you did on excel, in that way I will understand more easily. for example:_ IM.63 G's Dairy is trying to determine how to manage their stock of raw milk. They have an...

Q:

IM.63 G's Dairy is trying to determine how to manage their stock of raw milk. They have an average daily demand of 44 gallons per day, but it varies by about 6 gallons per day. Their lead time for...

Q:

IM.63 G's Dairy is trying to determine how to manage their stock of raw milk. They have an average daily demand of 34 gallons per day, but it varies by about 4 gallons per day. Their lead time for...

Q:

G's Dairy is trying to determine how to manage their stock of raw milk. They have an average daily demand of 50 gallons per day, but it varies by about 5 gallons per day. Their lead time for...

Q:

IM . 6 3 G ' s Dairy is trying to determine how to manage their stock of raw milk. They have an average daily demand of 2 7 gallons per day, but it varies by about 4 gallons per day. Their lead time...

Q:

IM.63 G's Dairy is trying to determine how to manage their stock of raw milk. They have an average daily demand of 50 gallons per day, but it varies by about 5 gallons per day. Their lead time for...

Q:

G's Dairy is trying to determine how to manage their stock of raw milk. They have an average daily demand of 41 gallons per day, but it varies by about 7 gallons per day. Their lead time for...

Q:

IM.63 G's Dairy is trying to determine how to manage their stock of raw milk. They have an average daily demand of 51 gallons per day, but it varies by about 7 gallons per day. Their lead time for...

Q:

IM.63 G's Dairy is trying to determine how to manage their stock of raw milk. They have an average daily demand of 46 gallons per day, but it varies by about 4 gallons per day. Their lead time for...

Q:

What is an integral fastener? Provide an example.

Q:

Match each equation to a graph. A. y = 10(0.8)x B. y = 10 - 10(0.75)x C. y = 3 + 7(0.7)x D. y = 10 - 7(0.65)x i. ii. iii. iv. io 2 4 6 10 2 4 6 8 0 40 2 4 6 10

Q:

11. The cumulative frequency curves below show the average typing speeds, x words per minute, of two groups of people, A and B, and the number of people whose typing speeds are less than or equal to...

Q:

Make a statement of cashflows in good form. X X M Inbox 2,50 x M Logistics : * Course: ST: X|MyDrive- x B Group 2 Pex Course ID: Cth Moodle X C Get HomeX C Photos Screx Interview X + ....