A catfish bait manufacturer uses a secret blend of, Ask an Expert

Management Studies

A catfish bait manufacturer uses a secret blend of ingredients to make their infamous bait. One of these ingredients, we'll call it X for proprietary reasons, is the major component in the mixture. X is ordered in 55 gallon barrels from out of state and is used at the rate of 800 barrels per year. Each order that is placed with the supplier costs $45 to process. Storage space is at a premium on the manufacturing floor and out in the yard, so their annual cost to hold inventory is $80 per barrel. The owner's brother-in-law provides transportation services and his record has been less than stellar, so lead time has averaged 6 days with a standard deviation of 3. Stopping the process would be disastrous, so the plant manager has set a 99% service level on the reorder point.

What is the best order quantity?

What is the total cost at this reorder point?

What is the reorder point?

What is the cost of holding this safety stock?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91937284

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 international monetary fund is a international

1. International Monetary Fund is a international organization headquarter in Washington, DC. This is for 189 countries to foster global financial stability, international trade, high employment and economic growth. This ...

1 what type of leaders have you worked with on teams which

1. What type of leaders have you worked with on teams? Which ones have been most effective and why? What type of team leader is the best for your team? 2. How can electronic data exchange help reduce variabilty in the su ...

Factsnbsp in 1983 arlene and donald warner inherited a

Facts. In 1983, Arlene and Donald Warner inherited a one-third interest in a home at 101 Molimo Street in San Francisco. The Warners bought out the other heirs and obtained a $170,000 loan on the property. Donald Warner ...

1 in 200 words essay format state how should you idocument

1. In 200 words essay format state: How should you (i)document employee counseling sessions for employees due to the level of offences committed and at what point should (ii) documentation be sent to HR? Please re-frame ...

1 are usually spreadsheets that are communicated to

1)________ are usually spreadsheets that are communicated to management on a regular basis–weekly, monthly, quarterly, and annually A) Balanced scorecards B) Process decision program charts C) Spider charts D) Matrix dia ...

Business lawfor years courts employers and employees have

Business Law: For years, courts, employers, and employees have struggled with the issue of employee drug testing. Employers want their employees to be drug free, whereas employees do not want to submit to an invasive and ...

1 the term describes a state of mind desire energy or

1. The term _______ describes a state of mind, desire, energy, or interest that translates into action. A. values B. motivation C. needs D. ethics 2. In learning about stress, Inez was surprised to learn about _______, a ...

Demand for walnut fudge ice cream at the sweet cream dairy

Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 21 gallons per week and a standard deviation of 3.5 gallons per week. The new manager desires a servi ...

Project management integration framework - assignmentcortez

Project Management Integration Framework - Assignment Cortez Plastics Review the following case study "Cortez Plastics": Cortez Plastics was having growing pains. As the business base of the company began to increase, mo ...

The stinson county parks department surveyed residents and

The Stinson County Parks Department surveyed residents and found that there is a need for 7 gyms, 10 athletic fields, 8 tennis courts, and 12 swimming pools in the six towns that make up the county. The department has a ...

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