Thomas Built Buses (TBB) manufacturers yellow school buses at its facility in High Point, NC. TBB...
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Thomas Built Buses (TBB) manufacturers yellow school buses at its facility in High Point, NC. TBB orders its windshields from a specialty vehicle glass supplier. Weekly requirements for the windshields are normally distributed with a mean of 196 units/week and standard deviation of 94 units/week. Lately, the supplier has been unreliable with its deliveries. TBB estimates the lead time is normally distributed with mean 5 weeks and standard deviation 3 weeks. TBB orders the windshields at a unit cost of $2773. The annual cost of carrying inventory at the plant is 19% of the purchase cost per unit per year. TBB reviews its windshield inventory continuously. Assume 52 weeks/year, 7 days/week, and 364 days/year. Compute the safety stock needed to maintain a service level of 92%. Carry calculations to at least 3 decimal places. Round your answer to the nearest tenth of a unit (one decimal place). A table of z-values is provided for your reference. Service Level z value 0.9 1.282 0.91 1.341 0.92 1.405 0.93 1.476 0.94 1.555 0.95 1.645 0.96 1.751 0.97 1.881 0.98 2.054 0.99 2.326 Thomas Built Buses (TBB) manufacturers yellow school buses at its facility in High Point, NC. TBB orders its windshields from a specialty vehicle glass supplier. Weekly requirements for the windshields are normally distributed with a mean of 196 units/week and standard deviation of 94 units/week. Lately, the supplier has been unreliable with its deliveries. TBB estimates the lead time is normally distributed with mean 5 weeks and standard deviation 3 weeks. TBB orders the windshields at a unit cost of $2773. The annual cost of carrying inventory at the plant is 19% of the purchase cost per unit per year. TBB reviews its windshield inventory continuously. Assume 52 weeks/year, 7 days/week, and 364 days/year. Compute the safety stock needed to maintain a service level of 92%. Carry calculations to at least 3 decimal places. Round your answer to the nearest tenth of a unit (one decimal place). A table of z-values is provided for your reference. Service Level z value 0.9 1.282 0.91 1.341 0.92 1.405 0.93 1.476 0.94 1.555 0.95 1.645 0.96 1.751 0.97 1.881 0.98 2.054 0.99 2.326
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International Marketing And Export Management
ISBN: 9781292016924
8th Edition
Authors: Gerald Albaum , Alexander Josiassen , Edwin Duerr
Posted Date:
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