Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

A large supplier of electronic components has decided to control the inventory of a certain item by a periodic review, order up to R policy. The mean demand rate for this item is 500 units per year. The lead time? Is nearly constant at three months. The demand in the time? + T can be represented by a normal distribution with mean 500 (? + T) and the variance 800(? + T). The cost of each unit is $10, the inventory carrying cost rate is 0.10, the cost of making a review and placing an order is $15, and the cost of backorder is estimated to be $30. Find the optimal quantity and period for this problem.

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M9609188

Have any Question?


Related Questions in Operation Management

Southwest airlines is known for high aircraft utilization

Southwest Airlines is known for high aircraft utilization (an average of 5.7 flights and 8.78 hours of air time per day in 2014) and quick turnaround time between flights. From 2004 to 2015, Southwest's on-time arrival r ...

This assignment gives you practice with the skills you have

This assignment gives you practice with the skills you have learned in Chapter 13: Project Management. Using the notes from me and from your teacher, complete the following assignment: Group 2 Activity  Predecessor  Time ...

Case disability insurance claims handling at insureitwe

Case: Disability Insurance Claims Handling at InsureIT We consider the following business process for handling insurance claims for disability insurance1 at an insurance company InsureIT. The process starts when a custom ...

1 in 144 characters or less create a brief job description

1. In 144 characters or less, create a brief job description for future managers. 2. Housing for the homeless is a problem in many communities. In what way might this problem be addressed through some form of social busi ...

1 explain why companies seem to be fascinated by digital

1. Explain why companies seem to be fascinated by digital and social media. What are some of the factors that might support this thinking? What are some that might lead to considering it misdirected? 2. Discuss how new t ...

1 true or false state labor laws supersede federal laws

1. True or False: State labor laws supersede Federal laws always. 2. The Norris-Laguardia Act is also know as: A. Taft-Hartley Act B. The National Labor Relations act C. Landrum-Griffin Act D. The Wagner Act 3. Which of ...

Fryrsquos electronics a large electronics retailer

Fry’s electronics, a large electronics retailer, purchases 1TB hard disks and sells them to customers. The store operates on a continuous review inventory system. - Weekly demand for disk drives is independent and normal ...

1 comment on the statement google is so successful it does

1. Comment on the statement: "Google is so successful it does not need to change anything in its strategic framework?" 2. What message does it send when the organizational culture encourages employees to view mistakes/pr ...

Zaras stategy execution capabilitieszara a major division

Zara's Stategy Execution Capabilities. Zara, a major division of Inditex Group, is a leading "fast fashion" retailer. As soon as designs are seen in high-end fashion houses such as Prada, Zara's design team sets to work ...

Suggested word limit 1000 julie renovated the kitchen in

(Suggested word limit 1,000) Julie renovated the kitchen in her rental property at Byron Bay, New South Wales, by the addition of a new oven, dish washing machine, and some minor electrical work. She is a nurse by profes ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As