Question: Part A. is solved. Please help with part B. Please show your work so that I can learn to solve part B on my own.

Part A. is solved. Please help with part B. Please show your work so that I can learn to solve part B on my own.

The annual demand for a product is 14,200 units. The weekly demand is 273 units with a standard deviation of 95 units. The cost to place an order is $32.00, and the time from ordering to receipt is four weeks. The annual inventory carrying cost is $0.10 per unit. a. Find the reorder point necessary to provide a 95 percent service probability. Note: Use Excel's NORM.S.INV() function to find the z value. Round z value to 2 decimal places. o. Suppose the production manager is asked to reduce the safety stock of this item by 45 percent. If she does so, what will the new service probability be? Note: Use Excel's NORM.S.DIST() function to find the correct probability for your computed z value. Round " z " value to 2 decimal places and final answer to 1 decimal place

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!

Part a is already solved, please help solve part b and c. Please show all steps! Problem 1. In your new role as a project financial analyst, you are tasked to evaluate project Tetra, a new and...

Please help me solve this and show the work with how you got it. Please solve part C as well. For part C I need to "Show the assignment of costs tounits transferred out and in the process." Exercise...

Please help with this problem, and show your work please. This is all the information that I was given for this assignment. A test case As a first test case you can use the familiar example cos()=0,...

please help solve this problem and show the work corresponding to the problem. thank you "Exercise 17-3 (Part Level Submission) The ledger of American Company has the following work in process...

Please help me solve 7c. please show your work and explanation as to how you solved it. THank you! 7. Given the following set up, is each statement true or false. Give justification. Given: . limn...

please help solve this problem and show the work corresponding to the problem. thank you "Exercise 16-9 (Part Level Submission) At May 31, 2017, the accounts of Lopez Company show the following. 1....

please help! Cairney, Incorporated manufactures a specialized part used in internal combustion engines. The annual demand for the part is 245,000 units. The facility has a practical capacity of...

please help solve this problem and show the work corresponding to the problem. thank you Exercise 16-2 (Part Level Submission) Stine CDT any usos a ab orner cost system on May 1 the company has a...

please help solve this problem and show the work corresponding to the problem. thank you *Problem 16-4A (Part Level Submission) Agassi Company uses a job order cost system in each of its three...

I am stuck on part G, part H, and part j-1 can you please help. I have included my all my work along with Appendix B and Table 12-12. thank you Fuesctur a whe u\{sid, MYi. 1Y+TVI(1)+P2 Tahla 11 1)...

Michelle Hamilton and Bill Rossi decide to form a partnership. Hamilton invests $35,000 cash and accounts receivable of $30,000 less allowance for doubtful accounts of $2,000. Rossi contributes...

The state fair is a popular field trip destination. This year the senior class at High School A and the senior class at High School B both planned trips there. The senior class at High School A...

Treasury shares are most often reported as a | nj: 2 2 Multiple Choice 0 0 . 4 4 . 4 8 expense in the income statement. reduction of total paid - in capital. reduction of retained earnings. reduction...

3) Yerel bir avukat on tam zamanl profesyonel istihdam etmektedir. alan bana btelenen tazminat 80.000 ABD dolardr. Her mteri iin maksimum faturalandrlabilir saat 400'dr. Mteriler her zaman tam...