Question: Problem 12-10 (Algo) Given the following information, determine the amount to order using the fixed-interval model. (Round your answer to a whole number.) Use Table

Problem 12-10 (Algo) Given the following

Problem 12-10 (Algo) Given the following information, determine the amount to order using the fixed-interval model. (Round your answer to a whole number.) Use Table B.2 d = 27 units per day Oa= 3 units per day LT= 2 days Desired service level Amount on hand at reorder time = 0.98 percent 38 units = 7 days OI Reorder Quantity Table B.2 Areas under the standardized normal curve, from -- to +z Page 872 Z .00 .01 .02 .03 .04 .05 .06 .07 .08 .09 .0 .5000 .5040 .5080 .5120 5160 .5199 .5239 5279 5319 5359 .1 .5398 .5438 5478 .5517 5557 .5596 -5636 .5675 5714 .5753 .2 .5793 .5832 5871 5910 5948 5987 -6026 -6064 .6103 .6141 .3 .6179 .6217 .6255 .6293 .6331 .6368 .6406 .6443 .6480 .6517 .4 .6554 .6591 .6628 .6664 .6700 .6736 .6772 .6808 .6844 .6879 .5 -6915 .6950 .6985 .7019 .7054 7088 .7123 .7157 7190 .7224 .6 .7257 .7291 .7324 .7357 .7389 .7422 .7454 .7486 .7517 .7549 .7 .7580 .7611 .7642 .7673 .7703 .7734 .7764 .7794 .7823 .7852 .8 .7881 .7910 .7939 .7967 7995 -8023 .8051 .8078 .8106 .8133 .9 .8159 .8186 .8212 .8238 .8264 .8289 .8315 .8340 .8365 .8389 1.0 .8413 .8438 .8461 .8485 .8508 .8531 .8554 .8577 .8599 .8621 1.1 .8643 .8665 .8686 .8708 .8729 .8749 .8770 .8790 .8810 .8830 1.2 .8849 .8869 .8888 .8907 .8925 .8944 .8962 .8980 .8997 .9015 1.3 .9032 9049 .9066 9082 9099 9115 -9131 9147 9162 9177 1.4 .9192 .9207 9222 9236 .9251 9265 .9279 9292 9306 9319 1.5 .9332 .9345 9357 9370 9382 9394 .9406 9418 .9429 .9441 1.6 .9452 .9463 9474 9484 .9495 9505 9515 9525 9535 9545 1.7 .9554 9564 9573 9582 .9591 9599 .9608 .9616 9625 .9633 1.8 9641 .9649 .9656 9664 9671 .9678 9686 9693 9699 9706 1.9 9713 9719 .9726 .9732 9738 .9744 .9750 .9756 9761 9767 2.0 9772 .9778 .9783 9788 9793 9798 9803 9808 9812 9817 2.1 .9821 9826 9830 9834 9838 9842 9846 9850 9854 9857 2.2 .9861 .9864 .9868 9871 .9875 .9878 .9881 9884 .9887 .9890 2.3 .9893 .9896 .9898 9901 9904 9906 .9909 9911 9913 9916 2.4 9918 9920 .9922 9925 9927 9929 .9931 9932 9934 9936 2.5 .9938 .9940 9941 .9943 9945 .9946 .9948 .9949 .9951 9952 2.6 .9953 .9955 .9956 9957 9959 9960 .9961 9962 9963 9964 2.7 .9965 .9966 .9967 .9968 9969 .9970 .9971 9972 .9973 .9974 2.8 9974 .9975 .9976 9977 .9977 .9978 .9979 9979 .9980 .9981 2.9 9981 .9982 .9982 9983 9984 9984 9985 9985 9986 9986 3.0 .9987 .9987 .9987 9988 9988 9989 .9989 .9989 9990 9990 3.1 .9990 .9991 9991 .9991 9992 9992 9992 9992 9993 9993 3.2 .9993 .9993 9994 .9994 9994 9994 9994 9995 9995 9995 3.3 .9995 .9995 .9995 9996 9996 9996 .9996 9996 9996 9997 3.4 .9997 9997 .9997 .9997 9997 9997 9997 9997 9997 -9998

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!

LN Consulting is a calendar year, cash basis unincorporated business. The business is not required to provide audited financial statements to any external user. LNs accounting records show the...

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...

Check Problem 12-10 (Algo) Given the following information, determine the amount to order using the fixed-interval model (Round your answer to a whole number.) Use Table B.2 d = 35 units per day od 5...

Given the following information, determine the amount to order using the fixed-interval model. (Round your answer to a whole number.) Use Table B.2 Problem 12-10 (Algo) Given the following...

PLEASE ANSWER THIS QUESTION HOPE YOU CAN SEE NOW Problem 12-10 (Algo) Given the following information, determine the amount to order using the fixed-interval model. (Round your answer to a whole...

PLEASE ANSWER THIS QUESTION 223 IS NOT CORRECT ANSWER THE CORRECT THANK YOU my Problem 12-10 (Algo) Given the following information, determine the amount to order using the fixed-interval model....

PLEASE FIX THE RED Problem 12-10 (Algo) Given the following information, determine the amount to order using the fixed-interval model. (Round your answer to a whole number.) Use Table B.2 d = 42...

Regional Supermarket is open 350 days per year. Daily use of cash register tape averages 15 rolls. Usage appears normally distributed with a standard deviation of 3 rolls per day. The cost of...

PLEASE ANSWER THE CORRECT 271.00 IS NOT CORRECT THANK YOU Problem 12-10 (Algo) Given the following information, determine the amount to order using the fixed-interval model. (Round your answer to a...

Problem 12-10 (Algo) Given the following information, determine the amount to order using the fixed-interval model. (Round your answer to a whole number.) Use Table B.2 d = 42 units per day Od= 4...

Problem 12-10 (Algo) Given the following information, determine the amount to order using the fixed-interval model. (Round your answer to a whole number.) Use Table B.2 de 27 units per day od= 3...

PM Computers in Problem 44 is considering purchasing monitors from an American manufacturer that would guarantee a lead time of 8 days, instead of the Taiwanese company. Determine the new reorder...

Consider a hash table of size 11 with hash function h(x) = x mod 11. Draw the table that results after inserting, in the given order, the following values: 76, 67, 92, 51, 87, 80, 108, 95, 91 for...

Identify the statement about the time period assumption if true or false: All fiscal years are calendar years, but not all calendar years are fiscal years

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...