Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A factory has a just-in-time ordering policy for an important component in the product it manufactures and its suppliers guarantees delivery of ordered components within

A factory has a "just-in-time" ordering policy for an important component in the product it manufactures and its suppliers guarantees delivery of ordered components within 30 days. Historical data shows that the components arrive on average within 24 days from ordering, the standard deviation is 4 days, and delivery times follow a normal curve closely.

(a) What percent of components are received within 30 days or ordering?

(b) Orders are flagged for special monitoring on the 24th day after ordering if they haven't yet arrived. What percent of these flagged orders arrive within 30 days of ordering? What percent of these flagged orders arrive more than 30 days after ordering

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Transportation A Global Supply Chain Perspective

Authors: John J. Coyle, Robert A. Novak, Brian Gibson, Edward J. Bard

8th edition

9781305445352, 1133592961, 130544535X, 978-1133592969

More Books

Students also viewed these Mathematics questions