Nop bicycle parts uses a periodic review inventory control, Ask an Expert

Management Studies

NOP Bicycle Parts uses a periodic review inventory control system for one of its stock items. The review interval is 6 weeks, and the lead-time for receiving the materials ordered from its wholesaler is 3 weeks. Weekly demand is normally distributed, with a mean of 100 units and a standard deviation of 20 units.
a. What is the average and the standard deviation of demand during the protection interval?
b. What should be the target inventory level if the firm desires 97.5 percent stockout protection?
c. If 350 units were in stock at the time of a periodic review, how many units should be ordered?

View complete question

Operation Management, Management Studies

Category:- Operation Management
Reference No.:- M9375863

Have any Question?Write your Review or question?

Related Questions in Operation Management

Case- iberia airlines builds a batnamadridmdashone day last

CASE- Iberia Airlines Builds a BATNA MADRID—One day last April, two model airplanes landed in the offices of Iberia Airlines. They weren’t toys. The Spanish carrier was shopping for new jetliners, and the models were cal ...

Once a client has accepted a project proposal eg scope

Once a client has accepted a project proposal (e.g. scope, costs, timeline, etc.) you should develop and present a Statement of Work (SOW). A sufficiently detailed SOW can assist with the negotiations during the bidding ...

Read through the below post and provide any on of the

Read through the below post and provide any on of the following: APA format 250 Words. . Ask a probing question, substantiated with additional background information, evidence or research. · Share an insight from having ...

Case life and death of an aircraft development projectlaw

Case ; Life and Death of an Aircraft Development Project Law and Callon31 described the history of a large British aerospace project in terms of two entities: the global system and the project itself. The global system c ...

1 what does the research evidence say about the three

1. What does the research evidence say about the three theories concerning the relationship between organizational culture and, performance. 2. A time standard was set at 5.50 hours per unit based on the 100th unit produ ...

Why do many companies choose to have their goods

Why do many companies choose to have their goods manufactured overseas, where labor costs are low? Is this just good strategic thinking, or are their ethical issues involved as well? Use specifics to explain. Discuss and ...

Negative reply you work for a digital marketing firm and

(negative reply): You work for a digital marketing firm and one of your client sends you a complaint that their video ad which ran on YouTube was just a placeholder/dummy video and not a real advertisement. After your in ...

What are some of the positives and negatives of targeting

What are some of the positives and negatives of targeting college students? Identify some specific marketing strategies you feel have either been successful or unsuccessful. What characteristics distinguish the successes ...

1 which mobile recruitment tool allows a firm to engage a

1. Which mobile recruitment tool allows a firm to engage a large number of applicants, prescreen resumes, acquire email addresses, and then contact candidates who are a potential fit for open positions? A. Job boards B. ...

Identify and explain the significance of each of the

Identify and explain the significance of each of the following terms and concepts for company like Champs Footwear: A) What is the relevance of quantitatively measuring the competitive strength of each business in a dive ...

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