Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

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

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M914653

Have any Question? 


Related Questions in Operation Management

There are three imperative steps that need to be taken the

There are three imperative steps that need to be taken. The first is a strong commitment by leadership to this very high level of safety and quality. The leadership must set the goal and example for everyone in order to ...

Supply chain integration is a major contributing factor to

Supply chain integration is a major contributing factor to organizational success. The goal of supply chain integration is alignment within the supply chain. As a business leader, how can you achieve greater supply chain ...

The design of your jobthink of a specific job current or

The Design of Your Job Think of a specific job (current or previous) you have held and name it. Please answer the following questions about those work activities. Respond to each item below, indicating whether it is Most ...

Consumer purchases are influenced strongly by cultural

Consumer purchases are influenced strongly by cultural, social, personal, and psychological characteristics. What are the various types of cultural factors that influence consumer behavior and how do they interact with o ...

Pumpkin plastic products company manufactures pipes and

Pumpkin Plastic Products Company manufactures pipes and applies manufacturing costs to production at a budgeted indirect-cost rate of $9 per direct labor-hour. The following data are obtained from the accounting records ...

You were invited by the president of an insurance company

You were invited by the president of an insurance company for a consultation. The president told you that she had the following problem: The head of the life insurance department wanted to provide a new service to their ...

Select a topic from the third part of the course--employee

Select a topic from the third part of the course--employee attitudes, satisfaction, benefits, diverse workforce, employee health and safety, work-life balance--that you think is important. Find a resource related to it. ...

Restoration hardware sells antique-design hardware and

Restoration Hardware sells antique-design hardware and fixtures from 94 retail stores in malls around the country. Each store currently orders and holds its own inventory directly from approved suppliers. The company is ...

Operations managementdevelop a systematic framework for

Operations Management Develop a systematic framework for analyzing the behavior of complex supply chain networks and supply chain drivers. warehouse manager thought a recent presentation on operations management was extr ...

Discussion- operations management and financial management

Discussion- Operations Management and Financial Management Integration Search for and review resources on performance management. Describe both a failed Enterprise Resources Planning implementation and a successfully imp ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro