Question: Problem 13-26 A small copy center uses 4 580-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a

Problem 13-26 A small copy center uses 4

Problem 13-26 A small copy center uses 4 580-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of 4 boxes per week and a standard deviation of .40 boxes per week. 2 weeks are required to fill an order for letterhead stationery. Ordering cost is $4, and annual holding cost is 36 cents per box. Use Table. a. Determine the economic order quantity, assuming a 52-week year. (Round your answer to the nearest whole number.) EOQ boxes b. If the copy center reorders when the supply on hand is 9 boxes, compute the risk of a stockout. (Round "z" value to 2 decimal places and final answer to 4 decimal places.) Risk D c. If a fixed interval of 8 weeks is used for ordering instead of an ROP, how many boxes should be ordered if there are currently 26 boxes on hand, and an acceptable stockout risk for the order cycle is .0228? (Round "z" value to 2 decimal places and final answer to the nearest whole number.) QO

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!

A small copy center uses 4 580-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of 4 boxes per week and a standard deviati

QUESTION 1 8 Chapter 1 2 , problem 2 6 A small copy center uses five 5 0 0 - sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a...

Problem 13-26 A small copy center uses 4 430-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of 4 boxes per week and a...

please label answers Problem 13-26 A small copy center uses 4 470-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of 4...

A small copy center uses five 500-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of five boxes per week and a standard...

A small copy center uses 4 400-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of 4 boxes per week and a standard...

A small copy center uses 4 450-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of 4 boxes per week and a standard...

Chapter 12, problem 26. A small copy center uses five 500-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of five boxes...

Inventory Management Problem 1: A small copy center uses five 500-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of...

b. What ROP is appropriate if 26. A small copy center uses five 500-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of...

The following is the activity list for a project: Activity Predecessor Normal Crash Normal Crash duration duration cost cost (weeks) (weeks) $12,000 $20,000 $24,000 $22,000 $20,000 A 2 B A 5. 4 A 3...

?? At the end of December 2021, Zara decides that she wants to go on staycation to Port Dickson at the beginning of July 2022. She has savings of RM250, but will need RM500 by the end of June to be...

If a security is undervalued, some investors would capitalize from this by purchasing that security. As a result, the security's price will ____, resulting in a ____ return for those investors. Group...

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...