(Answered) Consider a periodic review system where orders are placed

Management Studies

Consider a periodic review system, where orders are placed every 14 days. The firm strives to provide a 96.5% cycle service level. Demand averages 400 units per day, and the standard deviation of demand per day is 84 units. Lead time is 10 days.

a. How many units of safety stock should be held?

b. What should the target inventory level (order-up-to level) be?

c. Suppose that it is time to review the item. There are 170 units in inventory, and there is an outstanding backorder for 300 units. An order for 88 units is on the way. How many units should be ordered now?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M92786121
Price:- $15

Verified Expert

Priced at $30 Now at $15, Verified Solution

Have any Question?Write your Review or question?

Related Questions in Operation Management

1 in the context of maslows theory which of the following

1. In the context of Maslow's theory, which of the following individuals has satisfied her safety needs at her workplace? a. Renee, an assistant manager at Osmosis Spa, who has been promoted to the managerial position du ...

Question 1what is marketing what is marketing strategy

Question : 1. What is marketing? What is marketing strategy? Explain. 2. Explain why it is important for a company to have a defined mission? Why is the development of a personal mission or purpose important for an indiv ...

A community has had for many years a parade down the middle

A community has had, for many years, a parade down the middle of its downtown, to mark the Feast of St. Sebastian. Many who attend seem to think that this is an opportunity to engage in the public consumption of alcohol. ...

The national labor relations act of the wagner act of 1935

The National Labor Relations Act of the Wagner Act of 1935. guarantees to non-supervisory employees the right to self-organize, choose their own representatives, and bargain collectively or to choose not to do these thin ...

1 what is feedback how can verbal feedback affect customer

1. What is feedback? How can verbal feedback affect customer encounters? 2. Give some examples of nonverbal feedback and explain how they complement the verbal message and how they can affect customer interactions. 3. Wh ...

Question 1 how is cybersecurity comparable to other threats

Question : 1) How is cybersecurity comparable to other threats the United States faces? In what ways is it different? (Don't forget to give us at least one good citation for the facts you're bringing us? 2) What are 3 di ...

1 please write in paragraph format write two paragraph on

1. Please write in paragraph format. Write two paragraph on this statement in your own words: Contrast the patronage system and the merit system as methods of hiring government employees. 2. Discuss the various sources o ...

Both qualitative and quantitative research as well as

Both qualitative and quantitative research as well as performance tracking can be used to measure brand equity and performance. Financial metrics can identify anomalies and trends, so an organisation can identify initiat ...

In 2017 amazoncom made a number of acquisitions to help

In 2017, Amazon.com made a number of acquisitions to help achieve its ambitions. Among the firms acquired by Amazon.com are the following: Whole Foods Zappos Kiva Systems Elemental Technologies Lovefilm Souq.com Quidsi A ...

1 what can management draw from demings 14-points to

1. What can Management draw from Deming's 14-points to support Management Responsibility? 2. Creating synergy in a 4 generation workplace (Traditionalists, Baby Boomers, Gen X, and Millennials). What would be your strate ...

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