The Subway Sandwich staff on Monroe, NY uses an average of 60 packets of special seasoning...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
The Subway Sandwich staff on Monroe, NY uses an average of 60 packets of special seasoning every day. This demand is normally distributed with a standard deviation of 15 packets. Since this is an important item, they have decided on a 98% service level (Z = 2.05). Delivery trucks run infrequently, so the lead time for delivery is 12 days on average with a standard deviation of 2 days. Lead time is also normally distributed. How much the average safety stock &reorder point would be on a 95% service level (Z=1.64) The Subway Sandwich staff on Monroe, NY uses an average of 60 packets of special seasoning every day. This demand is normally distributed with a standard deviation of 15 packets. Since this is an important item, they have decided on a 98% service level (Z = 2.05). Delivery trucks run infrequently, so the lead time for delivery is 12 days on average with a standard deviation of 2 days. Lead time is also normally distributed. How much the average safety stock &reorder point would be on a 95% service level (Z=1.64)
Expert Answer:
Related Book For
Posted Date:
Students also viewed these accounting questions
-
A population of scores is normally distributed with a standard deviation equal to 7. State whether the standard error will increase, decrease, or remain unchanged if the value of the population...
-
A random variable X is normally distributed with a mean of 100 and a variance of 100 and a random variable Y is normally distributed with a mean of 200 and a variance of 400. The random variables...
-
A random variable X is normally distributed with a mean of 100 and a variance of 100, and a random variable Y is normally distributed with a mean of 200 and a variance of 400. The random variables...
-
Match the phrase that follows with the term (a-e) it describes. estimates the number of units to be manufactured to meet sales and inventory levels integrated set of operating and financing budgets...
-
The birth of the Internet in the 1990s led to the creation of a new industry of online retailers such as Amazon, Overstock.com, and PC Mall, Inc. Many of these companies often act as intermediaries...
-
Count the number of strings that can be formed with the given letters, assuming each letter is used exactly once. W, X, Y, Z
-
Explain how the items that arise from foreign currency transactions are translated into the functional currency on initial recognition in the accounting records.
-
Summary information from the financial statements of two companies competing in the same industry follows. Required 1. For both companies compute the (a) Current ratio, (b) Acid-test ratio, (c)...
-
Discuss the following topic(s) in the forum and submit proof of your participation in the online discussions: 1) Professional certification and the practising accountants 2) Cost data and managerial...
-
Data Table 2: Sodium Hypochlorite SDS information Items Physical State Route of Exposure & Symptoms Protective Equipment First Aid Procedures Fire-fighting Measures Chemical Reactivity Safe Storage...
-
Harrison Forklift's pension expense includes a service cost of $19 million. Harrison began the year with a pension liability of $46 million (underfunded pension plan). 1. Interest cost, $7; expected...
-
A brick wall 30 ft in length contains 2060 bricks. At the same rate, how many bricks would it take to build a wall 54 ft in length
-
Customers X and Y each bought the homes you and Z had sold (see Problem 1).Each home costs 200.Like you, X bought with 25% down. Like Z, Y bought all cash, not financing anything. Unfortunately for...
-
Tell me what influences can US trade economic policies have on the contemporary challenges facing the WTO, especially as they relate to the development, preparation and empowerment of the workforce?...
-
How do inventory disclosures following IFRS differ from those following U.S. GAAP?
-
CUMULATIVE PROBLEM - Elton Systems This comprehensive problem starts in this chapter and continues in Chapters 3, 4, and 5. ************** ******** ********** H On October 1, 2020, Elton Worth...
-
Consider a 1-year investment agreement that follows an 80/20 split after an 8% preferred coupon is paid. If the investor contributes 95% of the money and the fund contributes the remaining 5%, what...
-
What are the typical record-at-a-time operations for accessing a file? Which of these depend on the current file record?
-
Even though independent gasoline stations have been having a difficult time, Susan Helms has been thinking about starting her own independent gasoline station. Susans problem is to decide how large...
-
What is service blueprinting?
-
Would a project manager ever consider crashing a noncritical activity in a project network? Explain convincingly.
-
Example In January 2004, a Mars Exploration Rover touched down on the surface of Mars and rolled out for exploration ( Figure
-
A battery-operated wall clock no longer keeps timeneither hand moves. Develop a hypothesis explaining why it fails to work, and then make a prediction that permits you to test your hypothesis....
-
Give the order of magnitude of these quantities in meters or seconds: (a) length of a football field, \((b)\) height of a mature tree, \((c)\) one week, \((d)\) one year.
Study smarter with the SolutionInn App