Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Annual demand for a particular halogen bulb is 7500 at a business that operates 300 days per year. The cost per order $ 210 and

Annual demand for a particular halogen bulb is 7500 at a business that operates 300 days per year. The cost per order $210 and the holding cost per unit per year is $4.8. The stockout cost is $30/unit. The lead time is 20 days, and demand during lead time follows the empirical distribution given in the following table.

image text in transcribed

What is the number of inventory cycles, i.e. number of orders, in a year? Round to a whole number. What is the average demand during lead time? Round to a whole number. What is the annual holding cost associated with a safety stock of 150? Round to a whole number. What is the service level with a safety stock of 150? Round the percentage to a whole number. What is the reorder point with a safety stock of 150? Round to a whole number. What is the average stockout per inventory cycle with a safety stock of 150? Round to a whole number. What is the stockout cost associated with a safety stock of 150 per inventory cycle? Round to a whole number. What is the annual stockout cost associated with a safety stock of 150? Round to a whole number.

\begin{tabular}{|c|c|} \hline Number of Units & Probability \\ \hline \hline 275 & 0.05 \\ \hline \hline 350 & 0.1 \\ \hline \hline 425 & 0.2 \\ \hline \hline 500 & 0.3 \\ \hline 575 & 0.2 \\ \hline \hline 650 & 0.1 \\ \hline 725 & 0.05 \\ \hline \end{tabular}

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

General Aviation Marketing And Management

Authors: C. Daniel Prather

3rd Edition

9781575243016

More Books

Students also viewed these General Management questions

Question

Explain the link between positive thinking and good health.

Answered: 1 week ago