Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Apr 26, 2023

1) If you use a re-order point of 120 units, what is your probability for a stockout? 2) If you use a re-order point

1) If you use a re-order point of 120 units, what is your probability for a stockout? 2) If you use a re-order point of 140 units, what is your probability for a stockout? Example: Probability Distribution of Demand during Lead Time (7 possibilities for demand) Demand Probability 0.01 0.06 0.24 0.38 0.24 0.06 0.01 100 units 110 120 130 (Average) 140 150 160 If we order when there are 130 units in inventory, the probability for A stock-out is?

Step by Step Solution

★★★★★

3.39 Rating (155 Votes )

There are 3 Steps involved in it

Step: 1

1 Calculate the probability of a stockout with a reorder point of 120 units ... 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

Step: 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

Managerial Decision Modeling With Spreadsheets

Authors: Nagraj Balakrishnan, Barry Render, Jr. Ralph M. Stair

3rd Edition

136115837, 978-0136115830

More Books

Students also viewed these Finance questions

Question

★★★★★

Assuming that your data set is the population of the daily returns is normally distributed, draw the normal distribution graph of the random variable X 2 - What is the probability that if you...

Answered: 1 week ago

Question

★★★★★

You have been awarded $1 million following a civil trial. The $1 million is scheduled to be paid out as follows: $300,000 in exactly 1 year, another $300,000 in exactly 2 years, and the remaining...

Answered: 1 week ago

Question

★★★★★

How much money would a man have to deposit each year for 6 years starting 4 years from now if he wanted to have $12,000 eighteen years from now? Assume the interest rate is 12% per year?

Answered: 1 week ago

Question

★★★★★

Assume that the following quantity discount schedule is appropriate. If annual demand is 120 units, ordering costs are $20 per order, and the annual holding cost rate is 25%, what order quantity...

Answered: 1 week ago

Question

★★★★★

The function h has domain 10 x 6, and is linear from (10, 14) to (4, 2) and from (4, 2) to (6, 27). a. Sketch y = h(x). b. Write down the range of h(x). c. Find the values of a, such that h(a) = 12.

Answered: 1 week ago

Question

★★★★★

Timely and appropriate communication and reporting: What was the schedule of communication and reporting? How did it serve the needs of the stakeholders?

Answered: 1 week ago

Question

★★★★★

a. Prepare the journal entry to record Tamasine Companys issuance of 5,000 shares of $100 par value 7% cumulative preferred stock for $ 102 cash per share. b. Assuming the facts in part 1, if...

Answered: 1 week ago

Question

★★★★★

Question comes from Multinational Business Finance (ISBN: 97890133879872). Show work/equation. An Excel workbook entitled FX Option Pricing is downloadable from this book's Web site. The workbook has...

Answered: 1 week ago

Question

★★★★★

Barts Company has prepared the PP&E and depreciation schedule shown in Exhibit 8.46.1 below. The following information is available (assume the beginning balance has been audited): The land was...

Answered: 1 week ago

Question

★★★★★

{ "nbformat": 4, "nbformat_minor": 0, "metadata": { "colab": { "name": "ICE5_NLP", "provenance": [], "collapsed_sections": [] }, "kernelspec": { "name": "python3", "display_name": "Python 3" } },...

Answered: 1 week ago

Question

★★★★★

4. A cylinder with radius r = 0.75m and length 0.6 m has an infinite line of positive charge along its axis. The charge per unit length is 7 uC/m. (a) Calculate the electric flux through the surface...

Answered: 1 week ago

Question

★★★★★

A charge of 6 C is moved from a point, the potential at which is 120 V, to another point of potential V. If the energy required to do so is 250 Joule, calculate V.

Answered: 1 week ago

Question

★★★★★

The electric potential at a point due to a point charge' q' is 50 V and the electric field at the same point is

Answered: 1 week ago

Question

★★★★★

14. If the potential at any point in two dimensional pla is given as V(x)=4x +4. Find the electric field an potential at (2, 0).

Answered: 1 week ago

Question

★★★★★

15. Four point charges of magnitude 2 C, -2, -3 and 6 C are kept at the four vertices of a square ABCD, with side 2 m. Find out the potential at the centre of the square.

Answered: 1 week ago

Question

★★★★★

Multiple Choice Question 76 A company can sell all the units it can produce of either Product A or Product B but not both. Product A has a unit contribution margin of $12 and takes two machine hours...

Answered: 1 week ago

Question

★★★★★

31. What is the income that can be received over 15 years from $500,000 earning 6% annually? 32. What is the semiannual payment required to retire $50,000 in debt over 5 years at 8% compounded...

Answered: 1 week ago

Question

★★★★★

The GNP for each quarter of the past four years is shown in the following table: (a) Find the optimal value of a that would minimize MAPE for the exponential smoothing model. (b) What is the linear...

Answered: 1 week ago

Question

★★★★★

A start-up publishing company estimates that the fixed costs of its first major project will be $190,000, the variable cost will be $18, and the selling price per book will be $34. (a) How many books...

Answered: 1 week ago

Question

★★★★★

Replace all monetary values in Problem 8-44 with the following utilities: (a) What do you recommend, based on expected utility? (b) Is the investor a risk seeker or a risk avoider? Justify your...

Answered: 1 week ago

Question

★★★★★

Cellulon, a manufacturer of home insulation, wants to develop guidelines for builders and consumers on how the thickness of the insulation in the attic of a home and the outdoor temperature affect...

Answered: 1 week ago

Question

★★★★★

A consulting group was hired by the Human Resources Department at General Mills, Inc. to survey company employees regarding their degree of satisfaction with their quality of life. A special index,...

Answered: 1 week ago

Question

★★★★★

Thompson Photo Works purchased several new, highly sophisticated processing machines. The production department needed some guidance with respect to qualifications needed by an operator. Is age a...

Answered: 1 week ago

Previous Question Next Question