Fixed-order quantity inventory model with safety stock, Ask an Expert

Management Studies

Fixed-Order Quantity Inventory Model with Safety Stock Problem. A company wants to determine its Reorder Point (ROP). Its demand situation is uncertain and they want to build into the Reorder Point a safety stock. The company wants to have a level of service of 95 percent. If the average daily demand (d-bar units/day) is 8 units/day the lead time (L) is 4 days, and the standard deviation of usage during lead time (σ L) is 2, what is the Reorder Point (ROP)? Given: Find:

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M91641959

Have any Question?Write your Review or question?

Related Questions in Operation Management

Hindu and jain teachings and lifestylesnbsp please respond

"Hindu and Jain Teachings and Lifestyles" Please respond to the following in at least 250 words and include any sources you use: Choose one of the following major themes in Hinduism: karma, moksha, samsara, Brahman, or ...

This is for business and society course the book is called

This is for Business and Society course The book is called business and society Im having trouble answering these questions. Here the assignment. Mattel and Toy Safety Answer the questions at the end of the Case Study, " ...

A candle store sells scented candles at 8 per box at this

A candle store sells scented candles at $8 per box. At this price, its monthly demand is 900 boxes (assume 30 days in a month). The shop orders candles from a supplier at $5 per box, and also pays $200 in shipping fees p ...

1 ldquowhat do we mean by corporate social

1. “What Do We Mean by Corporate Social Responsibility?” 2. “What Do We Mean by Sustainability and Sustainable Business Practices?” 3. Compare walmart and amazon's business models and business strategies.

Develop a media plan for target corporation that

Develop a media plan for "Target Corporation" that examines. Identification of the Target Audience: Who are the potential buyers or consumers of your products / service? Who are the influencers? Use the segmentation vari ...

Conduct a research oncompany samsung1 determine the

Conduct a research on Company: SAMSUNG 1. Determine the fundamental way in which each sector influences its competitive position within the industry. Provide rationale to support the response. 2. Analyze the central mann ...

Once organizational leaders are confident that the mission

Once organizational leaders are confident that the mission (along with the vision and values) are well formulated, communicated, and expressed in writing, they are able to focus on activities that will make the most prog ...

1 how has technology affected workplace privacy what are

1. How has technology affected workplace privacy? What are the implications for the social contract between firms and their employees? 2. Which of the three companies (amazon , eBay, walmart) is likely to have the strong ...

Marcie is hired by susanrsquos wetsuits inc to create a

Marcie is hired by Susan’s Wetsuits Inc., to create a web-based marketing strategy for Susan’s new line of wetsuits. Marcie signs a contract that includes a clause prohibiting her from competing with Susan’s during and a ...

Discussion with the arrival of reliable fast networked

Discussion : With the arrival of reliable, fast, networked digital information, businesses can track the location and status of all kinds of objects, such as cars and bicycles. This is introducing a new business model di ...

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