Suppose a distributor faces an annual demand for a car horn for small cars that is normally
Question:
Suppose a distributor faces an annual demand for a car horn for small cars that is normally distributed with a mean of 2300 items and a standard deviation of 300.
The cost of placing an order is $150 and the holding cost is $10/item/year. The replenishment lead time is 9 days (assume 352 days in a year). Answer the following:
a. Compute the economic order quantity (EOQ).
b. If a service level of 5% is desired, what should R be in the (Q, R)
model?
c. For your answer to part (b), what is the average cycle, safety, and pipeline stock equal to?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 100% (2 reviews)
Answered By
Nicole omwa
Being a highly skilled tutor with at least 5 years of tutoring experience in different areas, I learned how to help diverse learners in writing drafts of research papers, actual research papers and locate credible sources. My assurance is built upon my varied knowledge of a variety of subjects. Furthermore, my involvement and interaction with numerous learners of all levels has allowed me to understand my clients' specific demands. Ultimately, this has aided me in being a better coach to learners to better their grades. Essentially, my responsibilities as a tutor would include:
Teaching abilities that assist pupils in enhancing their academic performance
Personal interaction with learners to make them understand abstract concepts
Inducing new skills and knowledge into their academic journeys
Fostering individual reflection, and independent and critical thinking
Editing and proofreading
Because I am constantly available to respond to your queries, you may decide to rely on me whenever you require my assistance. As an assurance, my knowledge skills and expertise enable me to quickly assist learners with different academic challenges in areas with difficulty in understanding. Ultimately, I believe that I am a reliable tutor concerned about my learner's needs and interests to solve their urgent projects. My purpose is always to assist them in comprehending abstract schoolwork and mastering their subjects. I also understand that plagiarism is a severe offense and has serious ramifications. Owing to this, I always make it a point to educate learners on the numerous strategies to have uniquely unique solutions. I am familiar with the following formatting styles:
MLA
APA
Harvard
Chicago
IEEE
Communication is always the key in every interaction with my learners. Hence, I provide timely communication about the progress of assigned projects. As a result, I make sure that I maintain excellent communication with all of my clients. I can engage with all of my customers more effectively, assisting them with their unique academic demands. Furthermore, I attempt to establish a solid working relationship with my leaners I have exceptional abilities in the below areas;
Sociology
History
Nursing
Psychology
Literature
Health and Medicine
Chemistry
Biology
Management
Marketing
Business
Earth Science
Environmental Studies
Education
Being a teacher who aces in diverse fields, I provide various academic tasks, which include;
Academic Reports
Movie Reviews
Literature Reviews
Annotated bibliographies
Lab reports
Discussion posts
Dissertations
Case study analyses
Research proposals
Argumentative Essays
I guarantee you highquality Papers!!!!!
5.00+
17+ Reviews
32+ Question Solved
Related Book For
Service Systems Engineering And Management
ISBN: 9780367781323
1st Edition
Authors: A. Ravi Ravindran ,Paul M. Griffin ,Vittaldas V. Prabhu
Question Posted:
Students also viewed these Business questions

Suppose for Exercise 5.24, there is a second car horn for mediumsized cars with demand that is normally distributed with a mean of 1500 and a standard deviation of 200. All other information from...

The South Texas Center for Pediatric Care in San Antonio wants to reduce its inventory costs. The Centre carries vaccines (e.g., for whooping cough), noninjectable medical supplies (such as...

An appointment has been made for the manager of your taxation department to meet the representative of a French Multinational company who is visiting Malaysia. The French Multinational company has...

A monatomic ideal gas that is initially at a pressure of 1.50 X 105 Pa and has a volume of 0.0800 m' is compressed adiabatically to a volume of 0.0400 m3. (a) What is the final pressure? (b) How much...

Van Den Borsh Corp. has annual sales of $50,735,000, an average inventory level of $15,012,000, and average accounts receivable of $10,008,000. The firm's cost of goods sold is 85% of sales. The...

Determine the magnitudes of F1, F2, and F3 for equilibrium of theparticle. 135 800 Ib 60 200 lb

Prepare a trial balance from the following ledger balances: Capital 70,000 Machinery 25,000 Bills payable 5000 Salaries 12,000 Drawings 3000 Creditors 10,500 Furniture 15,000 Returns inwards 5000...

Dillard Co. has sales revenue of $100,000, cost of goods sold of $70,000, and operating expenses of $18,000. What is its gross profit?

This is a continuous problem for governmental/nonprofit accounting. I have included the entirety of the continuous problem, as chapters piggyback on each other. Any help for chapter 4 is greatly...

The bookstore orders Penn State Volleyball shirts once for a selling season from a manufacturer in Malaysia. They estimate that the demand is according to a triangular distribution with a = 1500, b =...

Demand is normally distributed with a mean of 500 and a standard deviation of 200. Newsvendor assumptions hold. The selling price per unit is $400, cost per unit is $200, and salvage per unit is $40....

Night students at the university or college are much older than day students. Introduce an explicit control for day versus night students in the preceding experiment.

3. Suppose we have n i.i.d., uniform(0,t) random variables. Place these random variables on the interval (0, t]. Let 0 = 80 < 81 < ... < Sn1 < (0,t]. Skt. Compute the probability that there are in...

3. (3 pts) Use Python to write a function that takes a single input, a list of numbers. The function should loop through the list and, on each iteration, print the number if it is the largest number...

a) A linear charge density = 4z C/m is distributed on the z axis, what is the total charge within a cylinder of radius r = 0.5 m and height h = 5 m which extends from z = 1 to z = 4? b) A uniform...

Read the articles given below on module 9 now read the articles given below on module 10 Now answer these questions based on both modules slideshow pictures and the links readings Describe how the...

2. For each equation, state the quantity (with units) represented by each variable. a) D=mV F b) P== A c) P = Dgh g 3. Write a single sentence answering each question. a) If the mass remains constant...

[More difficult] Continuing the last question, solve for the IS curve, obtain an expression for Y in terms of i, G, and T (eliminate E).

Which of the companies has the lowest accounts receivable turnover in the year 20X2? a. Company A. b. Company B. c. Company C. d. CompanyD. 20X1 20X2 Credit Sales Average Receivables Balance $1.0...

How does a prestige pricing policy fit into a marketing mix? Would exclusive distribution be necessary?

Is a fullline pricing policy available only to producers? Cite local examples of fullline pricing. Why is fullline pricing important?

This problem lets you see the dynamics of breakeven analysis. The starting values (costs, revenues, etc.) for this problem are from the breakeven analysis example in this chapter (see Exhibit...

The following is part of the computer output from a regression of monthly returns on Waterworks stock against the S&P 5 0 0 index. A hedge fund manager believes that Waterworks is underpriced, with...

Doisneau 25year bonds have an annual coupon interest of 8 percent, make interest payments on a semiannual basis, and have a $1,000 par value. If the bonds are trading with a market's required yield...

Hite corporation intends to issue $160,000 of 5% convertible bonds with a conversion price of $40 per share. The company has 40,000 shares of common stock outstanding and expects to earn $600,000...
Study smarter with the SolutionInn App