Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Operation Management Expert

Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 24 gallons per week and a standard deviation of 3.3 gallons per week. The new manager desires a service level of 90 percent. Lead time is two days, and the dairy is open seven days a week. (Hint: Work in terms of weeks.)

A-1) If an ROP model is used, what ROP would be consistent with the desired service level? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)

A-2) How many days of supply are on hand at the ROP, assuming average demand? (Do not round intermediate calculations. Round your final answer to 2 decimal places.)  

B-1) If a fixed-interval model is used instead of an ROP model, what order size would be needed for the 90 percent service level with an order interval of 8 days and a supply of 8 gallons on hand at the order time? (Do not round intermediate calculations. Round your final answer to the nearest whole number.)

B-2) What is the probability of experiencing a stockout before this order arrives? (Do not round intermediate calculations. Round your final answer to the nearest whole percent. Omit the "%" sign in your response.)

C. Suppose the manager is using the ROP model described in part a. One day after placing an order with the supplier, the manager receives a call from the supplier that the order will be delayed because of problems at the supplier’s plant. The supplier promises to have the order there in two days. After hanging up, the manager checks the supply of walnut fudge ice cream and finds that 2 gallons have been sold since the order was placed. Assuming the supplier’s promise is valid, what is the probability that the dairy will run out of this flavor before the shipment arrives? (Do not round intermediate calculations. Round your final answer to the nearest whole percent. Omit the "%" sign in your response.)

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M93136879

Have any Question?


Related Questions in Operation Management

In at least 500 words perform the following stepsstep 1

In at least 500 words Perform the following steps: Step 1: Identify global technology trends. What do you think are the top 3 technology global trends in business today? Step 2: Identify technology. Identify what technol ...

Think of a product that you consumeuse on a regular basis

Think of a product that you consume/use on a regular basis if there was no quality control. what would it look like in terms of safety, customer satisfaction, consistency/rehability, and meeting your expectations? Pick o ...

Daniyal chawla ordered a shipment of coffee from brazil the

Daniyal Chawla ordered a shipment of coffee from Brazil. The coffee was due to arrive shortly in New York, and he expected to sell it for a profit. He then entered into an agreement with Bachman whereby they mutually pro ...

Stolen goods and void title in a case where a buyer

Stolen goods and Void Title. In a case where a buyer purchases goods or a lessee leases goods from a thief who has stolen them, the purchase does not acquire title to the goods and the lessee does not acquire any leaseho ...

Using the hawaiian values radar screen would it still have

Using the Hawaiian values radar screen, would it still have been appropriate to terminate the manager for failing to report mishaps that did not lead to lost-time or injuries? If tghe termination is still appropriate fro ...

Does having legal access to oral contraceptives cause women

Does having legal access to oral contraceptives cause women to get married later? This is a big task, so the work will span two assignments. There are multiple goals for this task: Understand and use difference-in-differ ...

1 who are the supplierspurchasing of airbnb please include

1. Who are the suppliers/purchasing of Airbnb? PLEASE INCLUDE REFERENCE. The answer does not help without reference. 2. What are the characteristics of a multibusiness company which would greatly benefit from a portfolio ...

As an inventory control manager you are responsible for

As an inventory control manager, you are responsible for determining purchase quantities for commodities used in the plant. One such item is a specialty machine oil. You pay 5 $/gal for this oil when it is purchased. Sto ...

1 describe the importance of the patient registration

1. Describe the importance of the patient registration process and the 2 signatures they require. 2. Describe the process the Dietary Services Staff follows to provide meals to inpatients. 3. Identify the many duties of ...

1 write a sales message to better horizon members to

1. Write a sales message to Better horizon members to promote the financial planning cruise 2. Are Rating Schemes applicable if a quantitative or qualitative analysis will be conducted? How are the results of Rating Sche ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As