Question: Question 8 (1 point) You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity,

Question 8 (1 point) You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity, continuous review). Your company estimates your ordering cost to be 400 and the annual cost of holding this item in inventory to be 10. Annual demand for this item is forecasted to be 5,000 and the company has 250 working days per year. Your supplier's lead time is 20 days. What should you use as a reorder point if demand is constant? This is essentially the same as asking for the expected inventory usage during the period of vulnerability to stockout. (Round to the nearest integer.) Question 9 (1 point) You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity, continuous review). Your company estimates your ordering cost to be 400 and the annual cost of holding this item in inventory to be 4. Annual demand for this item is forecasted to be 4,000 and the company has 250 working days per year. Your supplier's lead time is 5 days. What is the standard deviation of demand during the lead time if the standard deviation of daily demand is 20? (Round to two decimal positions.) Entry is area A under the standard normal curve from to z(A) ) .00 .01 .02 .03 .04 .05 . 06 .07 .08 .09 . . .5000 5398 .5793 .6179 .6554 5040 5438 .5832 .6217 .6591 -5080 .5478 .5871 .6255 .6628 5120 .5517 5910 ,6293 .6664 -5160 3557 5948 .6331 .6700 15199 .5596 5987 .6368 .6736 5239 5636 .6026 16406 L6772 .5279 5675 .6064 .6443 6808 .5319 .5714 .6103 .6480 .6844 .5359 5753 .6141 .6517 .6879 .7 6915 .7257 .7580 .7881 .8159 .6950 .7291 7611 17910 .8186 .6985 7324 .7642 .7939 .8212 .7019 .7357 .7673 .7967 .8238 7054 7389 .7704 .7995 .8264 .7088 .7422 .7734 .8023 .8289 .7123 1.7454 .7764 .8051 .8315 .7157 -7486 -7794 .8078 .8340 .7190 7517 .7823 .8106 .8365 17224 .7549 -7852 .8133 .8389 1.1 1.2 1.3 1.4 8413 .8643 .8849 .9032 ,9192 8438 .8665 .8869 9049 .9207 .8461 .8686 .8888 9066 9222 .8485 .8708 .8907 9082 9236 8508 8729 8925 9099 9251 .8531 .8749 .8944 .9115 .9265 .8554 18770 .8962 .9131 .9279 .8572 8790 .8980 .9147 .9292 .8599 .8810 .8997 .9162 .9306 .8621 .8830 .9015 .9177 9319 012345789wu, 1.5 1.6 1.7 1.8 1.9 .9332 9452 .9554 .9641 9713 .9345 .9463 .9564 .9649 9719 9357 9474 9573 .9656 .9726 9370 9484 9582 9664 .9732 .9382 9495 .9591 9671 9738 9394 9505 9599 .9678 .9744 9406 9515 9608 .9686 .9750 .9418 9525 .9616 .9693 9756 .9429 .9535 .9625 .9699 .9761 9441 9545 1.9633 .9706 9767 2.0 2.1 2.2 2.3 2.4 .9772 9821 9861 9893 .9918 9778 .9826 9864 .9896 .9920 9783 .9830 .9868 9898 .9922 .9788 9834 9871 9901 9925 9793 9838 19875 19904 19927 9798 19842 9878 9906 19929 .9803 9846 9881 .9909 .9931 .9808 9850 9884 9911 19932 .9812 .9854 .9887 .9913 9934 9817 .9857 9890 .9916 .9936 2.5 2.6 2.7 2.8 2.9 9938 .9953 .9965 .9974 .9981 .9940 .9955 .9966 9975 .9982 .9941 .9956 .9967 .9976 .9982 .9943 .9957 .9968 .9977 9983 9945 .9959 9969 .9977 .9984 9946 .9960 9970 .9978 .9984 9948 9961 .9971 .9979 9985 19949 9962 9972 .9979 .9985 9951 9963 .9973 .9980 19986 9952 9964 19974 9981 9986 3.0 3.1 3.2 3.3 3.4 .9987 .9990 .9993 .9995 .9997 19987 9991 .9993 .9995 .9997 9987 .9991 9994 9995 69997 9988 .9991 .9994 .9996 .9997 9988 .9992 9994 9996 9997 9989 9992 9994 9996 9997 9989 9992 9994 9996 9997 9989 .9992 9995 9996 9997 9990 -9993 .9995 .9996 .9997 9990 9993 9995 .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!

Montys, a maker of handheld video games, recently analyzed its manufacturing process to identify value-added and non-value-added activities. Montys CFO estimates that the total non-value added...

Question 5 (1 point) You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity, continuous review). Your company...

Question 7 (1 point) You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity, continuous review). Your company...

Question 9 (1 point) You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity, continuous review). Your company...

Question 10 (1 point) You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system (fixed quantity, continuous review). Your company...

Consider the following sample autocorrelation estimates obtained using 50 data points: 1234 1 2 3 4 coefficient 0.5 -0.4 0.5 -0.4 lag What is the value of the Ljung-Box statistic?

Ruby Corporation declares and issues a 15% stock dividend. On the date of declaration, the stock is selling for $30 per share. Assuming that there were 50,000 shares previously outstanding, with a...

The zero growth stock and the constant growth stock do not allow for any change in expected dividend growth rates. II the future dividend growth rates might increase or decrease due to changing...

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...