Answered step by step
Verified Expert Solution
Question
1 Approved Answer
P-4) (15 pts) The KLM Company produces R product in its Ankara plant for sale in Turkey. Currently, KLM Company manufactures and packs Rs for
P-4) (15 pts) The KLM Company produces R product in its Ankara plant for sale in Turkey. Currently, KLM Company manufactures and packs Rs for sale in individual customers. The distribution of weekly demand in different countries is normally distributed, with means and standard deviations as shown in the following table. Customers Mean Demand A 2000 B 6000 4000 D 4500 E 2000 F 6000 Std. Dev. 100 220 140 160 100 240 a. The demand for each customer is independent. The lead time from the Ankara factory is 4 weeks, "how much safety inventory does KLM Company require each customer if it targets a CSL of 95 percent? (5 pts) HINT: F:-(0.95) = 1.645: D, = DxL; 01 = V[op: ss = F-1(CSL)XOL b. KLM Company decides to build a central warehouse in Konya. It will ship Rs to the central warehouse. When an order is received, DC will ship the Rs to the customers. The lead time for the product is four weeks. How much saving of safety inventory can KLM Company expect as a result? (10 pts) HINT: [F5+(0.95) = 1.645); Dc = X-1 Di; of = var(DC); ss = F-(CSL)xou P-4) (15 pts) The KLM Company produces R product in its Ankara plant for sale in Turkey. Currently, KLM Company manufactures and packs Rs for sale in individual customers. The distribution of weekly demand in different countries is normally distributed, with means and standard deviations as shown in the following table. Customers Mean Demand A 2000 B 6000 4000 D 4500 E 2000 F 6000 Std. Dev. 100 220 140 160 100 240 a. The demand for each customer is independent. The lead time from the Ankara factory is 4 weeks, "how much safety inventory does KLM Company require each customer if it targets a CSL of 95 percent? (5 pts) HINT: F:-(0.95) = 1.645: D, = DxL; 01 = V[op: ss = F-1(CSL)XOL b. KLM Company decides to build a central warehouse in Konya. It will ship Rs to the central warehouse. When an order is received, DC will ship the Rs to the customers. The lead time for the product is four weeks. How much saving of safety inventory can KLM Company expect as a result? (10 pts) HINT: [F5+(0.95) = 1.645); Dc = X-1 Di; of = var(DC); ss = F-(CSL)xou
Step by Step Solution
There are 3 Steps involved in it
Step: 1
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