A gourmet coffee shop in downtown san francisco is open 200, Ask an Expert

Management Studies

A gourmet coffee shop in downtown San Francisco is open 200 days a year and sells an average of 75 pounds of Kona coffee beans a day.? (Demand can be assumed to be distributed normally with a standard deviation of 13 pounds per? day). After ordering? (fixed cost? = ?$14 per? order), beans are always delivered from Hawaii in exactly 4 days.? Per-pound annual holding costs for the beans are ?$4. Refer to the standard normal table for? z-values.

?a) What is the economic order quantity? (EOQ) for Kona coffee? beans? 325 pounds ?(round your response to the nearest whole? number). ?

b) What are the total annual holding costs of stock for Kona coffee? beans? ?$_____ ?(round your response to two decimal? places). ?

c) What are the total annual ordering costs for Kona coffee? beans? ?

d) Assume that management has specified that no more than a 11?% risk of stockout during lead time is acceptable. What should the reorder point? (ROP) be?

e) What is the safety stock needed to attain a 11?% risk of stockout during lead? time?

f) What is the annual holding cost of maintaining the level of safety stock needed to support a 11?% ?risk?

View complete question

HR Management, Management Studies

Category:- HR Management
Reference No.:- M92249954

Have any Question?Write your Review or question?

Related Questions in HR Management

Question negotiation can be very time consuming however

Question: Negotiation can be very time consuming; however, most organizations will typically have certain procedures in place in order to move through the negotiation process. Based on your readings and research, identif ...

Question you are the head of hr and the leaders of your

Question: You are the head of HR and the leaders of your organization just approached you to restructure the sales team. Currently there are four Divisional Vice Presidents that oversee 15 District Managers each. Moving ...

Assignment 1 employment laws policies and processesimagine

Assignment 1: Employment Laws, Policies, And Processes Imagine that you are the Director of the HR Department at your current organization or an organization with which you are familiar. You are responsible for delegatin ...

Question describe a time when you have worked on a

Question: Describe a time when you have worked on a high-performing team, and describe the organizational climate of the organization in which the team operated. If you have never worked on a high-performing team, descri ...

Quesiton business ethics and stakeholder theory please

Quesiton: Business Ethics and Stakeholder Theory" Please respond to the following: • Watch the video titled, "The Importance of Business Ethics" located below. Next, go to the Society for Human Resource Managers' (SHRM) ...

Question 1select one diagnostic model ie 6-box 7s

Question: 1. Select one diagnostic model (i.e., 6-box, 7S, congruence, or one of the others) to apply to the chosen companies. Choose the model that you and your team feel best identifies and measures the relevant aspect ...

Nell hillrsquos an adventure in shopping mary carol garrity

Nell Hill’s: An Adventure in Shopping Mary Carol Garrity opened a gourmet food and gift shop in Atchison, Kansas, in an old bank building. Because of her canny purchasing and creative displays, the shop soon evolved into ...

Assignment capstone project part iii strategic issuesafter

Assignment: Capstone Project Part III: Strategic Issues After the needs assessment has been completed, the next element of the strategic plan involves developing the strategic issues. Key tasks associated with the strate ...

Question what are the interests of residents who oppose the

Question: What are the interests of residents who oppose the new runway and what are the interests of the state government? The response must be typed, single spaced, must be in times new roman font (size 12) and must fo ...

Unit ii essay per dessler 2015 hrm is the process of

Unit II Essay Per Dessler (2015), HRM is the process of acquiring, training, appraising, and compensating employees, and of attending to their labor relations, health and safety, and fairness concerns (p.4). In properly ...

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 HR Management Expert