Question: Question Help Problem 32 A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-Irons, which

Question Help Problem 32 A golf specialty
Question Help Problem 32 A golf specialty
Question Help Problem 32 A golf specialty
Question Help Problem 32 A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-Irons, which have the following characteristics: > Demand (D) = 2,000 units/year > Demand is normally distributed > Standard deviation of weekly demand = 2 units Ordering cost $30/order > Annual holding cost (H) - $5.00/unit > Desired cycle-service level 92% > Lead time (L) = 4 weeks Refer to the standard normal table for 2-values. a. If the company uses a periodic review system, P should be weeks. (Enter your response rounded to the nearest whole number) Problem 27 Question Help In a P system, the lead time for a box of weed-Killer is two weeks and the review period is one week. Dernand during the protection interval averages 247 boxes, with a standard deviation of 60 boxes. a. What is the cyclo-service level when the target inventory is set at 250 boxes? Refer to the standard normal table as needed. The cyclo-service level is % (Enter your response rounded to two decimal places) Question Help 3 Problem 26 Nationwide Auto Parts uses a periodic review Inventory control system for one of its stock items. The review interval is 8 weeks, and the lead time for receiving the materials ordered from its wholesaler is 1 weeks. Weekly demand is normally distributed, with a mean of 250 units and a standard deviation of 50 units. Refer to the standard normal table for 2-values. a. What is the average and the standard deviation of demand during the protection interval? The average demand during the protection interval is units. (Enter your response as an integer) Question Help Problem 32 A golf specialty wholesaler operates 50 weeks per year. Management is trying to determine an inventory policy for its 1-Irons, which have the following characteristics: > Demand (D) = 2,000 units/year > Demand is normally distributed > Standard deviation of weekly demand = 2 units Ordering cost $30/order > Annual holding cost (H) - $5.00/unit > Desired cycle-service level 92% > Lead time (L) = 4 weeks Refer to the standard normal table for 2-values. a. If the company uses a periodic review system, P should be weeks. (Enter your response rounded to the nearest whole number) Problem 27 Question Help In a P system, the lead time for a box of weed-Killer is two weeks and the review period is one week. Dernand during the protection interval averages 247 boxes, with a standard deviation of 60 boxes. a. What is the cyclo-service level when the target inventory is set at 250 boxes? Refer to the standard normal table as needed. The cyclo-service level is % (Enter your response rounded to two decimal places) Question Help 3 Problem 26 Nationwide Auto Parts uses a periodic review Inventory control system for one of its stock items. The review interval is 8 weeks, and the lead time for receiving the materials ordered from its wholesaler is 1 weeks. Weekly demand is normally distributed, with a mean of 250 units and a standard deviation of 50 units. Refer to the standard normal table for 2-values. a. What is the average and the standard deviation of demand during the protection interval? The average demand during the protection interval is units. (Enter your response as an integer)

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!