Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Hastings Company is a nation-wide wholesaler for small electronic devices. One of its most popular items is a new GPS unit called the WAMI-1000.

The Hastings Company is a nation-wide wholesaler for small electronic devices. One of its most popular items is a new GPS unit called the WAMI-1000. The company operates 365 days (52 weeks) in a year. Hastings has gathered the following information: Average demand = 1000 units/year Standard deviation of weekly demand = 200 units Average lead time = 5 weeks Standard deviation of lead time= 1 week Z (service level) =1.04 What is the optimal amount of reorder point for the company? Select one: O a. 6157.27 O b. 1139.27 O c. 1157.27 O d. 6139.27

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

Supervision Today

Authors: Stephen P. Robbins, David A. DeCenzo, Robert M. Wolter

8th edition

133884869, 133884864, 978-0133884869

More Books

Students also viewed these General Management questions