Question: standard normal table for z-values. > Demand = 100bags/ week > Order cost =$55 /order > Annual holding cost =25 percent of cost > Desired

standard normal table for z-values. > Demand =

standard normal table for z-values. > Demand = 100bags/ week > Order cost =$55 /order > Annual holding cost =25 percent of cost > Desired cycle-service level =92 percent > Lead time =4 week(s) (20 working days) > Standard deviation of weekly demand =13 bags > Current on-hand inventory is 350 bags, with no open orders or backorders. a. What is the EOQ? Sam's optimal order quantity is bags. (Enter your response rounded to the nearest whole number.) What would be the average time between orders (in weeks)? The average time between orders is 4.46 weeks. (Enter your response rounded to one decimal place.) b. What should R be? The reorder point is bags. (Enter your response rounded to the nearest whole number.)

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!

standard normal table for z-values. > Demand =100bags/ week > Order cost =$55 /order > Annual holding cost =25 percent of cost > Desired cycle-service level =92 percent > Lead time =4 week(s) (20...

Part C dropwdown options are "is not" or "is" Sam's Pet Hotel operates 52 weeks per year, days per week, and uses a continuous review Inventory system. It purchases kitty iter for 511 25 per bag The...

Sam's Pet Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.50 per bag. The following information is available about...

Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $11.00 per bag. The following information is available about...

c. An inventory withdrawal of 10 bags was just made. Is it time to reorder? It time to reorder. d. The store currently uses a lot size of 480 bags (i.e., Q = 480). What is the annual holding cost of...

Sam's Cat Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.50 per bag. The following information is available about...

Sam's Pet Hotel operates 52 weeks per year, 7 days per week, and uses a continuous review inventory system. It purchases kitty litter for $10.75 per bag. The following information is available about...

Sam's Pet Hotel operates 5 2 weeks per year, 5 days per week, and uses a continuous review inventory system. It purchases kitty litter for $ 1 1 . 0 0 per bag. The following information is available...

a. What is the EOQ? What would the average time between orders (in weeks)? b. What should R be? c. An inventory withdraw of 10 bags was just made. Is it time to reorder? d. The store currently uses a...

A combined cycle operates on the cycle illustrated in the figure on the next page. Work produced by GT1 is consumed by the compressor of the gas turbine cycle. Know values are: T1 = 288 K T3 = 1420 K...

Virginia Mason Medical Center (Abridged) Physician Dr. Gary Kaplan became CEO of Virginia Mason Medical Center (VMMC) in Seattle, Washington, in 2000. It was a challenging time. During 1998 and 1999...

Enzo is reviewing the financial statements and has discovered a serious misstatement. What type of risk has he found? a . Financial risk b . Monetary risk c . Reporting risk d . Control risk

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...