Given this informationlead-time demand 630 poundsstandard, Ask an Expert

Management Studies

Given this information:

Lead-time demand = 630 pounds

Standard deviation of lead time demand = 40 pounds (Assume normality.)

Acceptable stockout risk during lead time = 4 percent

a. What amount of safety stock is appropriate?

b. When should this item be reordered?

c. What risk of stockout would result from a decision not to have any safety stock?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9611875

Have any Question?Write your Review or question?

Related Questions in Operation Management

Larrys cookies is well known for producing only one type of

Larry's Cookies is well known for producing only one type of handmade cookie and the unit price is $40. The annual demand is 5,000 cookies on average and the expected inventory holding cost is 10% of the cost of each coo ...

Creating a project network 1 here is a work breakdown

Creating a Project Network 1. Here is a work breakdown structure for a wedding. Use the method described in the Snapshot from Practice: The Yellow Sticky Approach to create a network for this project. Note: Do not includ ...

You work for a pharmaceutical research consortium that

You work for a pharmaceutical research consortium that operates clinical trials for a variety of new medications. Each trial has a name, a date started, and a completion date. Each trial has a large number of patients, f ...

1 discuss the change that gm is attempting to drive with

1. Discuss the change that GM is attempting to drive with social media. 2. Describe how GM’s social media use to drive change is an application of working the plan. 3. Describe GM’s communication plan. 4. Identify the st ...

1 how to make hard decisions around scarcity in our every

1. How to make hard decisions around scarcity in our every everyday life or thw work place? 2. Discuss the potential advantages and disadvantages of using a group to make decisions. Give examples from your experience, an ...

1 buying an existing business please respond to the

1. Buying an Existing Business Please respond to the following: From the e-Activity, discuss the best possible method for determining the value of the business you selected. Explain your rationale. Create a strategy for ...

The frequency of users at an atm machine is estimated at an

The frequency of users at an ATM machine is estimated at an average of 15 people arriving every 30 mins. Assuming the arrival times are exponentially distributed and each customer may spend anywhere between 1-5 minutes a ...

David diana and lydia are the sole partners and workers in

David, Diana and Lydia are the sole partners and workers in a company that produces fine clocks. David and Diana are each available to work a maximum of 40 hours per week at the company, while Lydia is available to work ...

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 ...

1- research the topic of branding and how it relates to the

1- Research the topic of branding and how it relates to the licensing industry. "What is the meaning of a lifestyle brand? Why are most luxury brands described as such?" In your response name a lifestyle brand and explai ...

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