A small copy center uses five 500-sheet boxes of copy paper, Ask an Expert

Management Studies

A small copy center uses five 500-sheet boxes of copy paper a week. Experience suggests that usage can be well approximated by a normal distribution with a mean of five boxes per week and a standard deviation of one-half box per week. Five weeks are required to fill an order for letterhead stationery. Ordering cost is $4, and annual holding cost is 30 cents per box.

Use Table.

a. Determine the economic order quantity, assuming a 52-week year. (Round your answer to the nearest whole number.)

EOQ_______83_______________ boxes

b. If the copy center reorders when the supply on hand is 28 boxes, compute the risk of a stockout. (Round "z" value to 2 decimal places and final answer to 4 decimal places.)

Risk______________

c. If a fixed interval of seven weeks is used for ordering instead of an ROP, how many boxes should be ordered if there are currently 24 boxes on hand, and an acceptable stockout risk for the order cycle is .0104? (Round "z" value to 2 decimal places and final answer to the nearest whole number.)

Q₀________________

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93134807

Have any Question?Write your Review or question?

Related Questions in Operation Management

Describe the objective of your discussion board and the

Describe the objective of your discussion board and the takeaways that the student will gain from completing this activity. Appreciate the dramatic globalization of sports today Discuss how global sports have become glob ...

The priorities of organizations are important and

The priorities of organizations are important, and organizational theory defines the methods that organizations should use to determine and define their priorities and communicate them to stakeholders. Please briefly des ...

1 in your view what percentage of citizen complaints lack

1. In your view, what percentage of citizen complaints lack merit? Can we conclude that citizen complaints don’t work simply because the “sustained” rate is low? Explain. 2. The ChapterCase provides at least three theori ...

Read through the tree trimming project case this case

Read through the Tree Trimming Project case. This case refers to the earned value (EV) of the owner, Will Fence’s Tree Trimming business. Will briefly describes his techniques for EV. Based on the description provided in ...

1 how might your peers or professor class or influence your

1. How might your peers or professor class, or influence your access to the "hidden" market? And why would it be important to create a positive image of yourself with these individuals? 2. From an operational viewpoint, ...

This is a project management class we are on the 4th step

This is a project management class, we are on the 4th step of the project management process and i need to write an essay of 500 words of the following (please if you are not typing, legible writting and I will rate) Sum ...

1 what are the 4 major differences between goods and

1. What are the 4 major differences between goods and services? 2. What is a Freight Forwarder and what services do they offer? 3. What types of industries would be most likely to choose a best of breed approach to their ...

Many scheduling processes are an attempt to match demand

Many scheduling processes are an attempt to match demand and capacity. This is particularly challenging in the service sector, where finished goods inventory cannot be used to store capacity for later use. One especially ...

This is will be for ethic management class you need someone

This is will be for Ethic Management class, You need someone who can answer 3 questions about "The Nature of Capitalism" you're taking ethic management class, so please make sure to do the assignment correctly. NEED 850 ...

A mixture of workers would probably result in the best of

A mixture of workers would probably result in the best of both worlds. Younger workers who had the tendency to be absent or turn over might learn from older workers. Customers of all age groups might be pleased to find w ...

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