Question: Question 9 0 / 1 point You are responsible for maintaining an appropriate amount of inventory for Component A, using a Q-type inventory control system

Question 9 0 / 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 500 and the annual cost of holding this item in inventory to be 10. Annual demand for this item is forecasted to be 7,000 and the company has 300 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 307 (Round to two decimal positions.)

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!

Question 13 0 / 1 point You are responsible for maintaining an appropriate amount of inventory for Component A, using a P-type inventory control system (periodic review) with P-30. Your supplier's...

Question 14 0 / 1 point You are responsible for maintaining an appropriate amount of inventory for Component A, using a P-type inventory control system (periodic review) with P=20. Your supplier's...

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 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...

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...

Dorthy who is 55 years old, works as a financial analyst in Capital One bank. Her monthly salary is $13,000. Dorthy is married to John who is 66 years of age and works as a salesman for a local car...

Technology is rapidly changing and improving how we can profile risk. increasingly this is allowing more sophisticated modelling of risk. the bowtie approach is set to replace some older methods....

PSC 6 - 7 Complete Form W - 3 Complete the W - 3 Form for J . Dodds, Inc. ( Employer Identification # 2 2 - 5 5 5 5 5 5 5 ) , based on the employee information listed below. The company is located at...

Read the articles on journaling and review the template provided. Identify what approach, to journaling, in the articles you found useful and why. Post to the discussion forum that you have reviewed...