A company works 50 weeks in a year the average weekly, Ask an Expert

Management Studies

A company works 50 weeks in a year. The average weekly demand for its products is 300 units with a standard deviation of 80 units. The cost to place order is $29.50, and the time from ordering to receipt is five weeks. The annual inventory carrying cost is $0.50 per unit. ? Find the reorder point necessary for a desired 96% service level. What amount of safety inventory would you therefore recommend? ? Suppose the production manager is asked to reduce the safety stock of this system by 35%. If she does so, what will the new service level be?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92567755

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 alpha communications a partnership publishes consumer

1. Alpha Communications, a partnership, publishes consumer periodicals, including Science Today. Beta Publications, also a partnership, publishes professional periodicals, including Technology Review. Alpha and Beta agre ...

1 locate an online cultural diversity self-assessment and

1. Locate an online cultural diversity self-assessment and complete it. 2. Provide the link for the online assesment that you complete. 3. Why did you choose this assessment? 4. Interpret the results and identify two aer ...

Presentation of strategy audit findingsin this assignment

Presentation of Strategy Audit Findings In this assignment, integrate all the pieces of work you have drafted and formally turn it into the capstone strategy audit. In previous assignments, you performed multiple, specif ...

Approximately one third of all it projects fail while there

Approximately one third of all IT projects fail. While there are numerous reasons, including funding, poor requirements, and lack of ROI, the main reason may be due to team dynamics and communication. Provide a summary o ...

Use the same companyproject idea you used in the week 2

Use the same company/project idea you used in the Week 2 Learning Team assignment. Are project is installing a playground for the City of Chula Vista Write a 1,050- to 1,400-word paper in which you address each of the fo ...

Assignment1 briefly summarize the concepts the following

Assignment (1) Briefly summarize the concepts the following three skills. (2) Explain why the skills are very important for the effective management. Technical Skills Soft Skills Conceptual Skills (2) Please explain your ...

Assume you are the athletic director of a high schooldue to

Assume you are the Athletic Director of a high school. Due to its superior condition, the school's baseball field is adapted for softball play whenever the softball team makes the state playoffs. One adaptation is to sho ...

You are to be a member of a mount everest climbing

You are to be a member of a Mount Everest Climbing Expedition, scheduled for April 2018, to be led by a Professional Mountaineering Expert. The climb from Base Camp IV (26,000 ft) to the Summit (29,035 ft) and back from ...

1 prepare a thoughtful 2-page paper discussing the elements

1. Prepare a thoughtful 2-page paper discussing the elements you believe to be most important for a leader who is leading cross-cultural organizations or cross-cultural teams. 2. What are the transformational leader beha ...

Michigan state figurine inc msf sells crystal figurines to

Michigan State Figurine Inc. (MSF) sells crystal figurines to Spartan fans. MSF buys the figurines from a manufacturer for $13 per unit. They send orders electronically to the manufacturer, costing $24 per order and they ...

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