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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
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
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