1 which of the two inventory management methods re-order, Ask an Expert

Management Studies

1. Which of the two inventory management methods; Re-Order Point (continuous review) and Periodic Review, will in general have a lower average inventory at a given service level? Why?

2. A bookshop estimates that the average demand for a popular notepad is 12,000 notepads per week with a standard deviation of 3000 notepads. The current inventory policy calls for replenishment orders of 156,000 notepads. The average lead-time from the distribution is 5 weeks with a standard deviation of 2 weeks. If management wants a 95 percent service level, what should the reorder point be?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92562345

Have any Question?Write your Review or question?

Related Questions in Operation Management

Case 1james brown a black cleaner applied in person for a

Case 1 James Brown, a black cleaner, applied in person for a cleaning job at a hospital on June 30th 2016. The job had been advertised in a local newspaper. In his application, James listed his 10 years experience as a c ...

For full credit on this discussion each question asked must

For full credit on this discussion, each question asked must receive a paragraph worth of analysis. A paragraph is defined as follows. It will contain at least four sentences. The first sentence introduces the claim or s ...

Slp assignmentin this slp assignment you will prepare a

SLP Assignment In this SLP assignment, you will prepare a PowerPoint slide presentation about Age Discrimination. To begin, review the SLP materials related to Age Discrimination in the background material. To better inf ...

Emotional intelligence ei includes both personal and social

Emotional Intelligence (EI) includes both personal and social competence. In the personal realm, a person with EI is self-aware, able to accurately assess his or her own strengths and limits and act in a self-confident w ...

Assignmentthe ceo of the firm you selected has hired your

Assignment The CEO of the firm you selected has hired your team to help address the changes the firm must make to remain competitive now and in the years ahead. Your team has been hired to provide a comprehensive report ...

Global green books publishing is continuing to grow as

Global Green Books Publishing is continuing to grow. As their eBook business continues to drive that growth, they now are continuing to add staff to be able to keep up with customer demand. Most all of the new people and ...

1- compared to the operational characteristics of the

1- Compared to the operational characteristics of the system, the mission of the system is easy to define. True False 2- All of the following are reasons why configuration management is an important risk management proce ...

Each response must have 150 words each must include

Each Response MUST Have 150 words each, Must include references and citations. Ch. 9: Businesses and the Costs of Production 1. Among the types of costs faced by a firm (short-run costs, fixed and variable, as well as lo ...

In order to plan for an upcoming fish drought the

In order to plan for an upcoming fish drought, the government of a South Pacific island is trying to build a model to determine the amount of profit that can be made from fishing. The island has a population of 40,000. E ...

1 list and describe the differences between the role the

1. List and describe the differences between the role the trial court and the role the appellate court. What functions do they perform and how do they perform them? 2. Why is it important to define a dispute resolution p ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Operation Management Expert