Question: Problem 6: (15 points) Consider the following table, suppose that we tracked the demand and stock-outs over 10 consecutive order cycles with the following results

Problem 6: (15 points) Consider the following

Problem 6: (15 points) Consider the following table, suppose that we tracked the demand and stock-outs over 10 consecutive order cycles with the following results Order Cycle Demand Stock-Outs 1 0 0 2 3 50 4 5 180 175 230 150 180 200 145 190 160 150 0 0 10 20 6 7 8 0 9 0 10 0 6.1 What is type 1 service? (5 points) 6.2 What is type 2 service (Fill rate)? (5 points) 6.3 Assume the standard deviation is 25, EOQ=180 Suppose that, he wanted the standard loss function to be 4.75 percent. What fill rate did he achieve ? (5 points)

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!

Consider the following table, suppose that we tracked the demand and stock-outs over 10 consecutive order cycles with the following results Order Cycle 1 2 3 4 5 6 7 8 9 10 Demand 180 175 230 150 180...

Consider the screenshot below (if it doesn't display properly, you can download the source spreadsheet from this link) which shows a potential solution for an Employee Scheduling problem (a problem...

Attached is Accounting assignment along side recommended readings to answer certain questions. Thank you Assignment 1 Problem 1 15 points Reading - W. L. Ferrara, Cost/Management Accounting: The 21st...

Using the Annual Report of your selected company answer the following questions in the Discussion: What is the value of the company's inventory at year end? What was the amount of cost of goods sold...

Portray in words what transforms you would have to make to your execution to some degree (a) to accomplish this and remark on the benefits and detriments of this thought.You are approached to compose...

(iii) Now express your decision rule instead using only the quantities p(Ck), p(Cj ), p(x|Ck), p(x|Cj ), and relate it to the diagram above. [2 marks] (iv) If the classifier decision rule assigns...

Company Chosen is Amazon. Section 3, Materiality and Risk The senior partner wants to confirm your understanding of key concepts. Summarize each concept 90-175-words each. Materiality Misstatement...

amazon (answers will be on file below) Accounts Receivable: a) Are sales primarily on credit or in cash?b) What is the relative size of accounts receivable?How has this changed over the last...

ttth Suppose that the sequence of bags {Bn | n N} is recursively enumerated by the computable function e(n, x) = fn(x), [7 marks] Hence prove that the set of all recursive bags cannot be recursively...

Please answer the below questions about Amazon . I have attached their 10-K which you should be able to find all this information. For each question, please write 2-3 paragraphs. If you use any other...

How can changes in foreign exchange rates affect the profitability of financial institutions?

Why are cheques outstanding subtracted from the bank balance?

Please Calculate the UCA for 2 0 2 5 and forecast 2 0 2 6 Forecast I / S and B / S for 2 0 2 6 assuming 4 % growth of sales. Assume 3 of the company's weak financial ratios improve in 2 0 2 6 . Also...

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...