Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Question 14: Reorder Point 6 points Assuming no safety stock, what is the re-order point (ROP) given an average daily demand of 74 units,
Question 14: Reorder Point 6 points Assuming no safety stock, what is the re-order point (ROP) given an average daily demand of 74 units, a lead time of 5 days and 845 units on hand? Question 15: Reorder Point 2 6 points | Locally stored answer: A company wants to determine its reorder point (ROP). Demand is variable and they want to build a safety stock into ROP. If the average daily demand is 10, the lead time is 4 days, the desired z-value is 1.96, and the standard deviation of usage during a single day is 2.50, what is the desired value of ROP? Locally stored answer: Question 16: Standard Deviation of Demand over Exposure Period 6 points You would like to use the fixed-time period inventory model to compute the desired order quantity for a company. You know that vendor lead time is 6 days and the number of days between reviews is 15. What is the standard deviation of demand over the review and lead time, if the standard deviation of daily demand is 10? Locally stored answer:
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