Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

e Janis company lays cable for a number of utilities. The company's daily demand fo ble is normally distributed with a mean of 2050 feet

image text in transcribed e Janis company lays cable for a number of utilities. The company's daily demand fo ble is normally distributed with a mean of 2050 feet and a standard deviation of 363 et. When cable is ordered from the supplier, it requires 7 days to arrive. 1. Janis uses an average of feet of cable during the lead time. 2. If Janis uses a 75% service level, how much safety stock will be used? 3. To provide an 83% Service Level, the Reorder Point must be standard deviations to the right of the mean of the Demand During Lead Time distribution. 4. What is the reorder point if Janis wants to limit the probability of a stockout to 11 percent? 5. What is the approximate service level if Janis reorders when the cable inventory reaches 15,800 feet? 6. What is the reorder point if Janis only wants to provide a 13% Service Level

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

Step: 3

blur-text-image

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

The Pain Management Workbook

Authors: Rachel Zoffness, Mark A. Schumacher

1st Edition

1684036445, 978-1684036448

More Books

Students also viewed these General Management questions

Question

What are the objectives of job evaluation ?

Answered: 1 week ago

Question

Write a note on job design.

Answered: 1 week ago

Question

Compute the derivative of f(x)cos(-4/5x)

Answered: 1 week ago

Question

Discuss the process involved in selection.

Answered: 1 week ago