An item that is managed with a periodic review system has, Ask an Expert

Management Studies

An item that is managed with a periodic review system has average daily demand of 30 units with a standard deviation of 5. The order interval for this item has been set at 30 days. Lead time for this item averages 5 days, with a standard deviation of 0.4 days. Acceptable stockout risk has been established as 2.5%. At the latest count, there are 180 units in inventory. How many units should be ordered?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M93063665

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 what is a common rule of thumb used to calculate

1. What is a common rule of thumb used to calculate inventory carrying costs? Give an example of its use 2. How are the concepts of open and closed systems reflected in the case of the smithsonian institution and the cat ...

Businesses of every size organize data records into

Businesses of every size organize data records into collections called databases. The purpose of a database is to keep track of things. At one extreme, small businesses use databases to keep track of customers; at the ot ...

1 some people argue that without the constant threats and

1. Some people argue that without the constant threats and challenges provided by (unauthorized) hackers, we might not learn of vulnerabilities, and security would be weak. Are hackers heroes? 2. What advice would you gi ...

Interests and positions defining what is our true interest

Interests and Positions Defining what is our true interest and how it differs from our positions is not simple to achieve. But it is the crux of the conflict resolution concept. Please respond in about 150 words for each ...

This assignment consists of reading the following scenario

This assignment consists of reading the following scenario and composing a paper regarding what managers must do to lead change and achieve their goals through planning and prioritization. This Assignment will be used to ...

1 evaluate apples success in executing the three core

1. Evaluate Apple's success in executing the three core processes of business: people, strategy, and operations. 2. What is quantitative analytic and how is this expertise useful in three key areas customer satisfaction, ...

You are the president of the american association of

You are the president of the American Association of Construction Manufacturers (AACM), a trade association that represents seven hundred companies who build and sell heavy construction equipment. Members have proposed a ...

1 what are the most effective leadership styles why are

1. What are the most effective leadership styles? Why are they effective? In your opinion, what are the least effective leadership styles? Explain. (150 words) 2. Why are innovation and entrepreneurial spirit important t ...

Assignmenthow can hr staff work with organizational

Assignment How can HR staff work with organizational managers to create an effective incentive and motivation plan to make employees more effective and efficient? Use online library to read about HR incentives. Based on ...

Using excel show formulasa robbery has just been committed

USING EXCEL + SHOW FORMULAS A robbery has just been committed at the Corner Market in the downtown area of the city. The market owner was able to activate the alarm, and the robber fled on foot. Police officers arrived a ...

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