Question: 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,

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 500 and the annual cost of holding this item in inventory to be 12. Annual demand for this item is forecasted to be 2,000 and the company has 350 working days per year. Your supplier's lead time is 10 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.) Your Answer: 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 estimates your ordering cost to be 300 and the annual cost of holding this item in inventory to be 8. Annual demand for this item is forecasted to be 6,000 and the company has 350 working days per year. Your supplier's lead time is 15 days. How much safety stock will you need if the standard deviation of daily demand is 10 and your target customer service level is 95%? (Round to the nearest integer.) Your

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!

June 1: Company issues $25,000 common stock at par. June 1: Company purchased a company vehicle in the amount of $17,000. June 3: Company took out a business loan in the amount of $15,000. June 5:...

Question 12 (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 lead...

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...

(Aspects of this may not be completely realistic, and not all of the numbers will be accurate to a seasoned farmer, but for the sake of a fun example, please approach with an open mind). A farmer...

I have an assignment for my ACC/497 class and I need someone to reword this paper so it is not plagiarized. Thank you! Week 5 Individual Assignment Learning Check: 4-15 Some other ways in which the...

KLF Electronics KLF Electronics is an American manufacturer of electronic equipment. The company has a single manufacturing facility in San Jose, California. KLF Electronics distributes its products...

Read the case (Stock-up vs Stock out) and answer the following questions: 1. Provide a short summary (1-page max) of the case 2. Using the past 7-months data as the benchmark, measure the clinic's...

Hello, you helped me on pat of this paper back in April which was the financial statements part of it. I need some adjustments make to the attached papers. Thanks In regards to the financial...

STOCK - UP VS STOCK - OUT: THE INVENTORY MANAGEMENT DILEMMA AT A MOBILE CLINIC In November 2 0 2 1 , Clara Hartono had just started her six - week internship at The Star Clinic, a network of mobile...

The Franklin Medical Research Foundation is to be established with a gift from Mr. John Franklin in memory of his deceased wife. The foundations grant-making and investment policy issues have been...

Q1. (15 points) Cape Breton Coal Company (CBCC) must mine a minimum of 30 tons of coal weekly from any of four sites. Relevant data concerning fixed weekly operation costs of the sites, variable...

Question 1 7 ( 1 point ) Cost - volume - profit ( CVP ) analysis, also referred to as Capital budgeting a ) True b ) False

What is an example of constructive feedback? provide reference