Question: Question 2 12.5 pts For a given inventory item, demand averages 50 units per week, with a standard deviation of 8 units. Lead time for

Question 2 12.5 pts For a given inventory item,

Question 2 12.5 pts For a given inventory item, demand averages 50 units per week, with a standard deviation of 8 units. Lead time for this item is 4 weeks. If we wanted to set a reorder point for this item that exposes to not more than a 2.5% risk of a stockout, that reorder point would be_units. (Round to 2 decimal places and report only the number.)

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!

For a given inventory item, demand averages 50 units per week, with a standard deviation of 9 units. Lead time for this item is 7 weeks. If we wanted to set a reorder point for this item that exposes...

For a given inventory item, demand averages 70 units per week, with a standard deviation of 5 units. Lead time for this item is 2 weeks. If we wanted to set a reorder point for this item that exposes...

For a given inventory item, demand averages 80 units per week, with a standard deviation of 7 units. Lead time for this item is 4 weeks. If we wanted to set a reorder point for this item that exposes...

For a given inventory item, demand averages 30 units per week, with a standard deviation of 6 units. Lead time for this item is 4 weeks. If we wanted to set a reorder point for this item that exposes...

For a given inventory item, demand averages 40 units per week, with a standard deviation of 8 units. Lead time for this item is 4 weeks. If we wanted to set a reorder point for this item that exposes...

For a given inventory item, demand averages 70 units per week, with a standard deviation of 6 units. Lead time for this item is 9 weeks. If we wanted to set a reorder point for this item that exposes...

ill upvote 100% Secc Question 16 1 pts A product has an average demand of 40 units per week and a standard deviation of 10 units per week (normally distributed). The lead time is 5 weeks. What is the...

Here is a screenshot of the assignment....I will copy and paste the tables below for your convenience. Thank you! Week Sales 1 53 2 60 3 100 4 58 5 95 6 93 7 87 8 92 9 67 10 61 11 67 12 68 13 54 14...

With acceptable level of liquidity; rational balance between debt and equity is key to success for any organization .You are supposed to go through the annual report of two listed firms of same...

Let a denote the rate of packets arriving at a link in packets/sec, and let denote the link's transmission rate in packets/sec. Based on the formula for the total delay (i.e., the queuing delay plus...

5. Edison invented the telephone, or Custer was killed by the Indians. Write the following compound statements in symbolic form, then use your knowledge of the historical events referred to by the...

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...