A drugstore uses fixed review period inventory system for, Ask an Expert

Management Studies

A drugstore uses fixed review period inventory system for many of the items it stocks. The manager wants a service level of 98%. The order interval is 2 weeks, and lead time is 2 days. Average demand for one item is 40 units per day, and the standard deviation of demand is 3 units per day. Determine the optimal order quantity when there are 42 units of inventory on hand at the time of ordering.

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9350311

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 discuss how attitudes impact organizational performance

1. Discuss how attitudes impact organizational performance positively or negatively. 2. How do God want you to trust his plan in the midst of life daily difficulties and how does God want you to be a blessing to other? 3 ...

1 which of the following statements is true of the

1. Which of the following statements is true of the legislature in influencing decisions in an administrative agency? A. It has the power to limit appropriation of funds to the agency. B. It cannot abolish an administrat ...

1 in 500 words or less summarize what you have learned

1. In 500 words or less, summarize what you have learned about what a distinctive corporate strategy is and why it is important. 2. Insider threats: three categories of insider behavior are; Malicious, Negligent and Acci ...

Your firm is planning to introduce a new product line your

Your firm is planning to introduce a new product line. Your task is to determine the inventory implications of the new product. The typical product will ship an average of 20 units per day from the firm’s central DC. His ...

Indicate the following statements are true or false and

Indicate the following statements are true or false, and explain why each is true or false: Indicate the following statements are true or false, and explain why each is true or false E. Similar production lines producing ...

The chapter describes the role of culture in the successful

The chapter describes the role of culture in the successful implementation of strategy. Consider an employment experience of your own or of someone you have observed closely (e.g., a family member). Describe to the best ...

Consider the following information on an inventory

Consider the following information on an inventory management system: Item Cost: $10 Order Cost: $250 Annual Holding Cost: ...

1 what are three of the guarantees in the bill of rights2

1. What are three of the guarantees in the Bill of Rights? 2. What were the roles of government and business from the Civil War to the Great Depression ? 3. What are the traditional differences between Republicans and De ...

Fully answer the assigned questions in narrative third

Fully answer the assigned questions in narrative, third person format. The paper consist of 1200 WORDS. Also, include at least three (3) scholarly sources in your responses. Paper must be completed in APA format. NO PLAG ...

1 think about a negotiation or conflict situation that you

1. Think about a negotiation or conflict situation that you must soon address. When thinking about how to engage in integrative negotiations, what are the greatest challenges you think you will face? Discuss these challe ...

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