Ask Question, Ask an Expert

+1-415-315-9853

info@mywordsolution.com

Ask Operation Management Expert

Gentle Ben's Bar and Restaurant uses 6,700 quart bottles of an imported wine each year. The effervescent wine costs $4 per bottle and is served only in whole bottles because it loses its bubbles quickly. Ben figures that it costs $25 each time an order is placed, and holding costs are 15 percent of the purchase price. It takes three weeks for an order to arrive. Weekly demand is 134 bottles (closed two weeks per year) with a standard deviation of 30 bottles. Ben would like to use an inventory system that minimizes inventory cost and will provide a 95 percent service probability.

a. What is the economic quantity for Ben to order? (Round your answer to the nearest whole number.) Economic order quantity answer is 747 bottles

b. At what inventory level should he place an order? (Round your answer to the nearest whole number.) Inventory level bottles

Operation Management, Management Studies

  • Category:- Operation Management
  • Reference No.:- M91767312

Have any Question? 


Related Questions in Operation Management

Discuss the importance of worker retention of top

Discuss the importance of worker retention of top performers. What are the implications of this during a slow economy? Explain. With reference

Discussion questionuse the equity theory to answer the

Discussion question: Use the equity theory to answer the following question: Describe the impact of employee engagement on job satisfaction and turnover.

Part one action equationdevelop an action equation for your

Part One: Action Equation Develop an action equation for your organization (or the last organization for which you worked). The action equation should address overall leadership strategy or leadership strategy for a spec ...

Refer to the root cause you identified in 6-4prepare a plan

Refer to the root cause you identified in 6-4. Prepare a plan to improve the process by eliminating the root cause. Estimate the time and cost involved. Also, document potential risks during the improvement process and p ...

How do health care providersrsquo social networks and

How do health care providers’ social networks and professional associations influence clinician behavior and practices? What are some implications of the providers’ social context in professional medical communications? ...

Create a matrix for 3 of the following tools used in

Create a matrix for 3 of the following tools used in quality improvement: Bar graph Histogram Pareto chart Pie chart Line chart Control chart Submit a report of 2-3 pages (with the matrix) that addresses the following: T ...

In the early 1990s a hip-hop group called naughty by nature

In the early 1990s, a hip-hop group called Naughty by Nature recorded the best-selling song, "O.P.P." For our purposes, O.P.P. stands for Organizations, Programs, and Projects. Explain the dynamic that exists between the ...

Imagine that you work with the hr director at your company

Imagine that you work with the HR director at your company, and she has asked you to suggest some ways to reinforce employees' sense that their jobs have an important positive impact on others. What would you suggest?

Assignment 2 analyze and briefnbspone occupational safety

Assignment #2 Analyze and brief one Occupational Safety and Health Review Commission decisions by Administrative Law Judges or Commissioners. You can access these decisions from the Occupational Safety & Health Review Co ...

1 there are many current issues in the field of hr

1. There are many current issues in the field of HR including: Drug testing, Honesty testing, Whistle blowing, Employee monitoring/workplace security, legislating love, and sexual orientation rights. Choose any two of th ...

  • 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

WalMart Identification of theory and critical discussion

Drawing on the prescribed text and/or relevant academic literature, produce a paper which discusses the nature of group

Section onea in an atwood machine suppose two objects of

SECTION ONE (a) In an Atwood Machine, suppose two objects of unequal mass are hung vertically over a frictionless

Part 1you work in hr for a company that operates a factory

Part 1: You work in HR for a company that operates a factory manufacturing fiberglass. There are several hundred empl

Details on advanced accounting paperthis paper is intended

DETAILS ON ADVANCED ACCOUNTING PAPER This paper is intended for students to apply the theoretical knowledge around ac

Create a provider database and related reports and queries

Create a provider database and related reports and queries to capture contact information for potential PC component pro