Question: Use the data below to answer the question below. 325 cases per day 95 cases per day 2 days 20% of the item's value per

Use the data below to answer the question below. 325 cases per day 95 cases per day 2 days 20% of the item's value per year Average daily demand Standard deviation of daily demand Average Lead Time trentory holding cost Purchase Price Order Cost Stockout Cost Desired Service Level Assume the company operates 365 days per year $50 per case $10 per order $35 per case BOX You look back at historical data and find that lead time is not constant but is variable with an average of 2 days. What should the recorder point be set at to meet the desired service level if the standard deviation of lead time was found to be 0.5 days and the 2-score for a service level of 80% is 0.84

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!

Question 25 Use the data below to answer the question below. Average daily demand Standard deviation of daily demand Average Lead Time Inventory holding cost Purchase Price Order Cost Stockout Cost...

Use the data below to answer the question below. Average daily demand 1 0 0 cases per day Standard deviation of daily demand 2 0 cases per day Average Lead Time 2 days ( constant ) Inventory holding...

Question 1 10 pts Use the below information to answer questions 1-6 Supplier Other Information Charges $10 per unit Order Cost is $25 Avg Processing time is 2 Avg daily demand is 200 days SD of...

I need help with this budget assignment, I have attached the instructions BUSI 523 BUDGET PROPOSAL INSTRUCTIONS Instructions: Complete each part of the following Case Study. You will need to use...

Healthcare Budget Project. Please see attached instructions BUSI 523 BUDGET PROJECT GRADING RUBRIC Criteria Part 1: Financial Statement Analysis Part 1: Financial Statement Analysis Part 2: Budget...

8.8. The daily demand for an item is distributed normally, with a mean of 5 and a variance of 2. The cost to place an order is $10, and the carrying charge per day is estimated at 10 percent of the...

TABLE 7-2 Standard Deviations and Probabilities Z= Number of Deviations Required Probability of Being in Stock Probability of Stockout 84.13% 15.77% 1.04 85 1.28 90 1.65 95 1.96 97.5 2.0 97.72 2.28...

Please see attachment. All three question need to be answered in narrative format. If you have questions, just let me know. Normal requirement for references are 2 outside our course text....

Please help. You will need to use Microsoft Word and Excel. Tables referenced in the case study are located in the Excel files attached labeled "Case Study Tables". Part 2Budget Analysis Table 1...

can i get a solution to this question please. Value: Document (include your file name) 15% of final grade How to complete: 1. Read the following Anniversary Party scheduling problem: As the project...

Zuma Company manufactures surfboards. The controller prepares a weekly production efficiency report and sends it to corporate headquarters. The data compiled in these reports for a recent six-week...

Two separate recordings of equal length are made of a periodic pulse train being transmitted down a noisy channel. The following table shows the recorded values of the sampled voltages. Determine the...

Question 8 ( 4 points ) When a real estate contract is negotiated and signed by both parties, it is which of the following? Executed contract Unilateral contract Executory contract Implied contract

What is an example of constructive feedback? provide reference