Question: Question 37 In a continuous review inventory system (Q.R), the Z score associated with the required service level is 1.8 standard deviations above he mean.

Question 37 In a continuous review inventory

Question 37 In a continuous review inventory system (Q.R), the Z score associated with the required service level is 1.8 standard deviations above he mean. The production planner needs to set the safety stock level to protect against both variances in lead time and daily demand. The average lead time is 10 days. The annual demand is 2.345 units. There are 250 working days per year. The standard deviation of daily demand is 284 The standard deviation of the lead time is 6 What is the appropriate safety stock level in units? Round your result to the nearest whole unit

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!

Tyrese and Alexis Jefferson are married and live at 1 3 0 7 1 Copper Drive, Marquette, MI 4 9 8 6 6 . Tyrese is a self - employed insurance claims adjuster ( business activity code 5 2 4 2 9 0 ) ,...

QUESTION 36 In a continuous review Inventory system (Q.R), the Z score associated with the required service level is 1.8 standard deviations above he mean The production planner needs to set the...

po in a continuous review inventory wystem (QR), the Z score associated with the required service Suvel is 1.8 standard deviations above he mean The production planne needs to set the safety stock...

answer both questions please QUESTION 35 In a continuous review inventory system, the firm's annual demand is 3657 units, normally distributed. There are 250 business days per year. The lead time is...

In a continuous review inventory system (QR), the score associated with the required service level is 1.8 standard deviations above he mean The production planner needs to set the safety stock level...

Homework: M3 Assignment 1 4 of 4 (0 complete) HW Score: 0%, 0 of 50 Score: 0 of 10 pts Problem 17 Question Help In a continuous review Inventory system the lead the for door knobs is 9 weeks. The...

in a continuous review inventory system (q, r) the Z score associated with the requirement service level is 1.8 standard deviations above the mean the average lead time is 10 days annual demand 2345...

4 of 4 (4 complete) HW Score: 41.67%, 20.83 of 50 pts Score: 0 of 10 pts X Problem 17 Question Help In a continuous review inventory system, the lead time for door knobs is 4 weeks. The standard...

Question 1 (Network design optimization). [20 points] ABC Limited Corp. has won contracts to supply a high-tech product to customers in Asia, North America, Europe, and South America. The company has...

ch9 question q12 Can i have help with B. pleas OPS 1100 Tracey Gray & 11/25/21 10:52 PM M 21 12:00 Question 12, Problem 22 Part 2 of 3 HW Score: 86.98%, 13.05 of 15 points Points: 0.33 of 1 Save 21...

Homework: Homework #9 Question 8, Problem 13 Part 1 of 10 > HW Score: 70%, 7 of 10 points O Points: 0 of 1 Save Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous...

What are the four changes associated with the stress response?

For the first time, up to four different generations are working together side-by-side. Supervisors are managing people with an age difference ranging up to 40 years. Conflict and tension naturally...

The Time Limit on Certain Defenses provision in health policies is the same as which of the following provisions in life insurance? A . Grace period B . Reinstatement C . Incontestability D . Free...

please answer all parts Use the given data to nd the equation of the regression line. Examine the scatterolot and identify a characteristic at the data that is ignored by the regression line. x 11] 9...