Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PA 14-8 (Algo) EShack sells an ergonomic keyboard... Use Appendix 14A EShack sells an ergonomic keyboard in one of its stores. Average weekly demand for

image text in transcribed

image text in transcribed

PA 14-8 (Algo) EShack sells an ergonomic keyboard... Use Appendix 14A EShack sells an ergonomic keyboard in one of its stores. Average weekly demand for this keyboard follows a Poisson distribution with mean 1.6 unit. It submits orders to the supplier weekly and the supplier delivers with a 1-week lead time. (Round your answer to 1 decimal place.) a. Suppose it uses an order-up-to level of 6. What is its average order quantity? (Round your answer to 1 decimal place.) b. Suppose it uses an order-up-to level of 9. What is its expected on-hand inventory? (Round your answer to 1 decimal place.) c. Suppose it uses an order-up-to level of 7. What is its expected on-order inventory? (Round your answer to 4 decimal places.) d. Suppose it uses an order-up-to level of 8. What is its in-stock probability? (Round your answer to 4 decimal places.) e. Suppose it uses an order-up-to level of 5. What is its stockout probability? f. Suppose it wants a 0.989 in-stock probability. What should its order-up-to level be? PA 14-8 (Algo) EShack sells an ergonomic keyboard... Use Appendix 14A EShack sells an ergonomic keyboard in one of its stores. Average weekly demand for this keyboard follows a Poisson distribution with mean 1.6 unit. It submits orders to the supplier weekly and the supplier delivers with a 1-week lead time. (Round your answer to 1 decimal place.) a. Suppose it uses an order-up-to level of 6. What is its average order quantity? (Round your answer to 1 decimal place.) b. Suppose it uses an order-up-to level of 9. What is its expected on-hand inventory? (Round your answer to 1 decimal place.) c. Suppose it uses an order-up-to level of 7. What is its expected on-order inventory? (Round your answer to 4 decimal places.) d. Suppose it uses an order-up-to level of 8. What is its in-stock probability? (Round your answer to 4 decimal places.) e. Suppose it uses an order-up-to level of 5. What is its stockout probability? f. Suppose it wants a 0.989 in-stock probability. What should its order-up-to level be

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

Accounting and auditing research tools and strategies

Authors: Thomas Weirich, Thomas Pearson, Natalie Tatiana

8th edition

9781118806487, 1118027078, 1118806484, 978-1118027073

More Books

Students also viewed these Accounting questions

Question

Explain the meaning of b^ 1 in the sample regression equation.

Answered: 1 week ago