Daily demand for a product is 60 units with a standard deviation of 10 units. The review
Question:
Daily demand for a product is 60 units with a standard deviation of 10 units. The review period is 10 days, and lead time is 2 days. At the time of review there are 100 units in stock. If 98 percent service probability is desired, how many units should be ordered?
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 62% (16 reviews)
Service level 98 60 units per da...View the full answer
Answered By
Nazrin Ziad
I am a post graduate in Zoology with specialization in Entomology.I also have a Bachelor degree in Education.I posess more than 10 years of teaching as well as tutoring experience.I have done a project on histopathological analysis on alcohol treated liver of Albino Mice.
I can deal with every field under Biology from basic to advanced level.I can also guide you for your project works related to biological subjects other than tutoring.You can also seek my help for cracking competitive exams with biology as one of the subjects.
3.30+
2+ Reviews
10+ Question Solved
Related Book For
Operations And Supply Chain Management
ISBN: 287
14th Edition
Authors: F. Robert Jacobs, Richard Chase
Question Posted:
Students also viewed these Management Leadership questions
-
If the daily demand for a product is given by the function p + q = 1000 and the daily supply before taxation is p = q2/30 + 2.5q + 920, find the tax per item that maximizes tax revenue. Find the tax...
-
If the demand for a product is given by D(p) = 1000 / p - 1 What is the average rate of change of demand when p increases from (a) 1 to 25? (b) 25 to 100?
-
Demand for a product is inelastic. Which is not consistent with this? a. It is difficult to substitute the product with another one. b. The product can easily be substituted by another. c....
-
1.3 WANEFMAC7 1.3.007. Find the equation of the given linear function. \[ f(x)= \] WANEFMAC7 1.3.015. Find the slope of the given line, if it is defined. (If an answer is undefined, enter UNDEFINED.)...
-
Explain the idea of semantic blocks. List some words used at your university or college which might cause semantic blocks to outsiders unfamiliar with the terminology.
-
You are the accountant at Spin Master. Refer to Appendix III for Spin Masters Consolidated Balance Sheets as at December 31, 2017. Your manager has asked you to do the following: a. Calculate the...
-
10. Compute the 95% 10-day tail VaR for the position in Problem 8. assume that the risk-free rate is 0.08 and that there are three stocks with a price of $100 and the following characteristics: ...
-
Air at 25C with a dew-point temperature of 0C flows past the open end of a vertical tube filled with liquid water maintained at 25C. The tube has an inside diameter of 0.83 in., and the liquid level...
-
In terms of insurance, Describe the current market conditions in reinsurance
-
KIMCPA is in its first year of operations. The company has pretax income of $200,000 and the following items recorded in its records. Estimated tax payments of $10,000 were made during Year 1....
-
Retailers Warehouse (RW) is an independent supplier of household items to department stores. RW attempts to stock enough items for a 98 percent service probability. A stainless steel knife set is one...
-
University Drug Pharmaceuticals orders its antibiotics every two weeks (14 days) when a salesperson visits from one of the pharmaceutical companies. Tetracycline is one of its most prescribed...
-
A sketch of the arithmetic mean radius blade sections of an axial-flow water turbine stage is shown in Fig. P12.48. The rotor speed is \(1500 \mathrm{rpm}\). (a) Sketch and label velocity triangles...
-
2 4. A rod of length 2 cm makes an angle rad with the principal axis of a thin convex lens. The lens has a focal 3 40 3 cm from the object as shown in the figure. The height of the length of 10 cm...
-
7. Consider an LC circuit, with inductance L = 0.1 H and capacitance C = 103 F, kept on a plane. The area of the circuit is 1 m. It is placed in a constant magnetic field of strength Bo which is...
-
Beach 10. The figure shows a circuit having eight resistances of 10 each, labelled R1 to R8, and two ideal batteries with voltages & = 12 V and 2 = 6 V. 1 R B1 Rs R R Which of the following...
-
12. Three plane mirrors form an equilateral triangle with each side of length L. There is a small hole at a distance /> O from one of the corners as shown in the figure. A ray of light is passed...
-
15. A small circular loop of area A and resistance R is fixed on a horizontal xy-plane with the center of the loop always on the axis of a long solenoid. The solenoid has m turns per unit length and...
-
Adjusting Entries Flood Relief Inc. prepares monthly financial statements and therefore adjusts its accounts at the end of every month. The following information is available for June 2008: a. Flood...
-
Find the intercepts and then graph the line. (a) 2x - 3y = 6 (b) 10 - 5x = 2y
-
Talco Ltd undertakes research work. It also manufactures engineering products. It is currently engaged on a research project which, when completed, will be sold for 250,000. So far, Talco has...
-
Evaluate the cost associated with the way Applichem's plant capacity is currently being used?
-
Determine the optimal use of Applichem's plant capacity using the Solver in Excel.
-
What would you recommend that Applichem management do? Why?
-
Sociology
-
I am unsure how to answer question e as there are two variable changes. In each of the following, you are given two options with selected parameters. In each case, assume the risk-free rate is 6% and...
-
On January 1, Interworks paid a contractor to construct a new cell tower at a cost of $850,000. The tower had an estimated useful life of ten years and a salvage value of $100,000. Interworks...
Study smarter with the SolutionInn App