Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Demand for walnut fudge ice cream at the Sweet Cream Dairy can be approximated by a normal distribution with a mean of 21 gallons per week and a standard deviation of 3.5 gallons per week. The new manager desires a service level of 90%. Lead time is 2 days, and the dairy is open 7 days a week. (HInt: Work in terms of weeks)

a. If an ROP model is used, what Rop would be consistent with the desired service level?

b.If a fixed-interval model is used instead of an ROP model, what order size would be needed for the 90 % service level with an order interval of 10 days and a supply of 2 gallons of hand at the order time?

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M9395318

Have any Question?


Related Questions in Business Management

What are ways that program evaluation and financial

What are ways that program evaluation and financial leadership should be linked to strategic planning. What are the importance of how strategic planning is tied to organizational effectiveness.

Business analysis and systems development approaches

Business Analysis and Systems Development Approaches Assignment - Report Background - You should consider yourself to be an employee of a consulting firm called Innovative Solutions that specialises in systems analysis, ...

Show examples of organizations that are more focused on

Show examples of organizations that are more focused on simply bringing in money to the organization and those that are more focused on building relationships. What are the differences in how they conduct fundraising act ...

What is a recent example of a company suffering a loss as a

What is a recent example of a company suffering a loss as a result of an Internet-related behavioral risk. Describe what happened?

Explain how financial leverage at investment banks differed

Explain how financial leverage at investment banks differed from financial leverage at more traditional commercial banks. What is the benefits of this leverage? What are the primary risks associated with financial levera ...

Discuss the formal cultural elements that promote or

Discuss the formal cultural elements that promote or discourage moral actions within the organization?

Economic home work explain the difference between cost in

Economic home work: explain the difference between cost in short run and long run, supporting your answer with graphs and examples where needed.

Miriam is a senior manager for an international chain of

Miriam is a senior manager for an international chain of fitness centers. Two suppliers provide exercise machines for her company. Which of the following is the wisest advice on how Miriam should manage her suppliers? 1. ...

When it comes to business strategy we often use an acronym

When it comes to Business strategy we often use an acronym SCA as an end state to our strategy. What does SCA stand for and how do we establish it?

The term refers to employees working with data and

The term refers to employees working with data and generating information, rather than creating a product or other tangible output.

  • 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