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

You have just been hired as the director of process

You have just been hired as the director of process improvement, a new position, by the VP of Operations for the ABC Manufacturing Company. ABC has been plagued by both internal and external vendor issues; the vendor iss ...

Discuss the similarities and differences between the

Discuss the similarities and differences between the philosophies of wellness. Discuss how they relate to the concept of wellness, how they relate to specific challenges or supports for wellness, and how learning about d ...

Create a matrix for 3 of the following tools used in

Create a matrix for 3 of the following tools used in quality improvement: Bar graph Histogram Pareto chart Pie chart Line chart Control chart Submit a report of 2-3 pages (with the matrix) that addresses the following: T ...

Ron wants to sue supply company for its failure to deliver

Ron wants to sue Supply Company for its failure to deliver materials that Ron needed to prepare his work for an appearance at a local Crafts Fair. What must Ron establish before a court will hear a suit? Carlos, a citize ...

Discussion questionuse the equity theory to answer the

Discussion question: Use the equity theory to answer the following question: Describe the impact of employee engagement on job satisfaction and turnover.

Powerpoint presentation5-7 slides with speaker notes of

Powerpoint Presentation 5-7 slides with speaker notes of 200-250 words per slide (excluding title and reference slides) If you plagiarize, you wont get paid. I check it before I accept the answer. Thanks Defining the str ...

Hal ltd discussed in problem 9 can produce the disk drive

HAL Ltd., discussed in Problem 9, can produce the disk drive housings in the Hamilton, Ontario, plant at a rate of 150 housings per month. The housings cost HAL $85 each to produce, and the setup cost for beginning a pro ...

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. ...

Assignment case study - dominossupply chain management

Assignment : Case Study - Domino's Supply chain management enables companies to work with suppliers to obtain materials needed to produce their own goods and services. Effectively managing supply chains helps companies s ...

Analyze the issues of using military force against

Analyze the issues of using military force against terrorism. Does one method work better than another? Explain your answer.

  • 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

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

Describe what you learned about the impact of economic

Describe what you learned about the impact of economic, social, and demographic trends affecting the US labor environmen